Search found 1572 matches

by AlphaLess
Mon Nov 18, 2019 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: A sad tale with a good ending ["Preferred" pharmacies vs "non-preferred"]
Replies: 33
Views: 3083

Re: A sad tale with a good ending ["Preferred" pharmacies vs "non-preferred"]

Thank you for the post.

As a family of fairly young people, we don't have that many prescription needs.

However, this is a good thing to know, as I expect that our health system will only become more f-ed up.
by AlphaLess
Tue Nov 12, 2019 10:18 am
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 93
Views: 4827

Re: (Sigh) "Wasting" year-old smoke detector batteries...

Didn't the annual (and the more frequent "whenever you change your clocks" recommendation arise during the era of zinc-carbon dry cells? Those things truly didn't last very long, though they were cheap. When the newfangled alkaline battery technology became mainstream, life changed for the better. ...
by AlphaLess
Tue Nov 12, 2019 10:17 am
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 93
Views: 4827

Re: (Sigh) "Wasting" year-old smoke detector batteries...

Easy. Find devices that need these kind of batteries.
by AlphaLess
Tue Nov 12, 2019 10:03 am
Forum: Personal Consumer Issues
Topic: Man’s life savings stolen from hijacked cellphone number
Replies: 241
Views: 29179

Re: Man’s life savings stolen from hijacked cellphone number

D57102 wrote:
Tue Nov 12, 2019 10:02 am
I am curious.

Is there any insurance which covers this type of loss?

Sometimes, I am worried because our asset seems to exist just in computer. If somebody hacks and steal it, can we get any money back?
Probably. Worth looking into this.
by AlphaLess
Tue Nov 12, 2019 10:02 am
Forum: Personal Consumer Issues
Topic: Man’s life savings stolen from hijacked cellphone number
Replies: 241
Views: 29179

Re: You get hacked, lost a lot of money. What can you do?

How do you defend from 2 FA (cell phone) hack? Seem like this scam is pretty common since the equifax social security hack. The best defense: for all financial and otherwise highly sensitive accounts, use a completely separate Gmail email account and Google Voice phone number, both created using th...
by AlphaLess
Tue Nov 12, 2019 2:32 am
Forum: Personal Consumer Issues
Topic: Man’s life savings stolen from hijacked cellphone number
Replies: 241
Views: 29179

Re: Man’s life savings stolen from hijacked cellphone number

cbeck wrote:
Mon Nov 11, 2019 5:25 pm
Just by the way, I hope everyone has set up a telephone password as an extra authentication step for conversations with Vanguard.
What are the best practices for securing Vanguard accounts?

I feel like Vanguard's krappy 2FA using a text message code is really, really bad.
by AlphaLess
Tue Nov 12, 2019 2:31 am
Forum: Personal Consumer Issues
Topic: Man’s life savings stolen from hijacked cellphone number
Replies: 241
Views: 29179

Re: Man’s life savings stolen from hijacked cellphone number

New article in the Wall Street Journal: WSJ: He Thought His Phone Was Secure; Then He Lost $24 Million to Hackers Here is the really scary part: Mr. Terpin had been SIM-swapped seven months earlier. He got lucky and didn’t lose any money that time, but had taken serious steps to prevent it from hap...
by AlphaLess
Tue Nov 12, 2019 2:30 am
Forum: Personal Consumer Issues
Topic: Man’s life savings stolen from hijacked cellphone number
Replies: 241
Views: 29179

Re: Man’s life savings stolen from hijacked cellphone number

“On a scale of 1 to 10, I’d say my security protections were a 9.8 or higher,” he said. “But these hackers, all they do is they sit around in a basement and figure out ways of hacking people.” This is the quote I have the biggest issue with. If you can do an account recovery via SMS on *ANY* of you...
by AlphaLess
Tue Nov 12, 2019 2:29 am
Forum: Personal Consumer Issues
Topic: Man’s life savings stolen from hijacked cellphone number
Replies: 241
Views: 29179

Re: You get hacked, lost a lot of money. What can you do?

How do you defend from 2 FA (cell phone) hack? Seem like this scam is pretty common since the equifax social security hack. The best defense: for all financial and otherwise highly sensitive accounts, use a completely separate Gmail email account and Google Voice phone number, both created using th...
by AlphaLess
Tue Nov 12, 2019 2:21 am
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10514

Re: Seller's agent not letting us use a buyer's agent

The issue is the Seller's agent doesn't want to pay your agent a commission when they did all of the work. Why would they? Your agent should have been "dragged" along to all of the showings, that's what they are there for. Redfin agents muddy these waters are they aren't full commission agents and ...
by AlphaLess
Tue Nov 12, 2019 1:45 am
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 174
Views: 11633

Re: Investing $140k in cash at 1k per week

Hello :happy I have $140k in high yield saving accounts (FDIC insured) that pays me %2 - %2.20 in annual interest. My plan is to is transfer $1000 from my saving account to my brokerage account and buy $1000 worth of VTI every week . At this rate, it would take a bit more than 2.5 years to invest a...
by AlphaLess
Tue Oct 29, 2019 12:14 am
Forum: Investing - Theory, News & General
Topic: Refinements to Hedgefundie's excellent approach
Replies: 165
Views: 16605

Re: Refinements to Hedgefundie's excellent approach

I would focus on a very simply approach: - portfolio can have 3 different weight schemes, and only 3: (a) tilted towards TMF, (b) balanced, (c) tilted towards UPRO. Keep those tilts close. E.g., balanced can be 50-50, and tilted can be 30-70, or 70-30, - have VERY simply timing rules, where timing d...
by AlphaLess
Tue Oct 29, 2019 12:11 am
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 201
Views: 20578

Re: I’m done with index funds

Not sure I fully understand .I thought you could do tax loss harvesting being in index funds too ? But not to the granular extent that he wants to. When you own 500 individual stocks, roughly half of them would be losers in the near term. Furthermore, even after hefty gains in the index, you can al...
by AlphaLess
Mon Oct 28, 2019 10:34 pm
Forum: Investing - Theory, News & General
Topic: Refinements to Hedgefundie's excellent approach
Replies: 165
Views: 16605

Re: Refinements to Hedgefundie's excellent approach

Interesting thread, and I commend the effort. Before trying to figure out any sort of dynamic weights (e.g., 100% TMF, or 100% UPRO, or anything in between), do please realize that you are trying to time the SP500 and the Long Bond. Those are very hard to do. Put another way: if you find ways to tim...
by AlphaLess
Sat Oct 26, 2019 2:39 pm
Forum: Investing - Theory, News & General
Topic: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?
Replies: 91
Views: 5286

Re: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?

For sure. But I am guessing it is going to be a moving target.

I would also like to see people's reactions when things don't go as planned.
by AlphaLess
Sat Oct 26, 2019 2:38 pm
Forum: Personal Investments
Topic: Benefits of Flagship Status at Vanguard?
Replies: 65
Views: 7712

Re: Benefits of Flagship Status at Vanguard?

The best benefit would be to have a small ER reduction.

E.g., 1 bps or 0.5 bps reduction in ER on all assets. At $5MM, that is $500 or $250 a year.
by AlphaLess
Sat Oct 26, 2019 2:36 pm
Forum: Personal Investments
Topic: Benefits of Flagship Status at Vanguard?
Replies: 65
Views: 7712

Re: Benefits of Flagship Status at Vanguard?

ChowYunPhat wrote:
Thu Oct 24, 2019 12:33 pm
Please stop requesting hats from VG, you're going to drive my ERs up. :D
Are the hats made out of gold, by chance?
by AlphaLess
Sat Oct 26, 2019 12:38 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107582

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Wouldn't 3x Ultra treasury bond future be equivalent to 1x TMF? Yes...... no vol decay and no expense ratio.... of course the current exposure for one Ultra 30 is $195k... so you'd need a portfolio that is roughly $130k in size ($65k bonds 3x at 50/50 equities/bonds.) Not sure how many here have al...
by AlphaLess
Sat Oct 26, 2019 12:30 pm
Forum: Investing - Theory, News & General
Topic: What were the best portfolios during the "lost decade" 2000-2009?
Replies: 33
Views: 3622

Re: What were the best portfolios during the "lost decade" 2000-2009?

GaryA505 wrote:
Fri Oct 25, 2019 12:10 pm
What were the best portfolios to have during the "lost decade" 2000-2009?

What worked and what didn't work? How would the Boglehead 3-fund have worked back then? I'm just curious.
You can't get good answers when you start with a broken thesis.

There is nothing lost about the decade, 2000-2009.
by AlphaLess
Thu Oct 17, 2019 9:53 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107582

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Brokers dropping their commissions to 0 is going to be a nice juice-up to these strategies (unless of course, you are rolling this 'strategy' with some 6 or 7 figure sum). 4 * 2 * $6 = $48, let's call this $50. Assuming folks are doing this strategy with $25K capital, that's quite a bit, 20 bps a y...
by AlphaLess
Wed Oct 16, 2019 11:13 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107582

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Wouldn't 3x Ultra treasury bond future be equivalent to 1x TMF? Yes...... no vol decay and no expense ratio.... of course the current exposure for one Ultra 30 is $195k... so you'd need a portfolio that is roughly $130k in size ($65k bonds 3x at 50/50 equities/bonds.) Not sure how many here have al...
by AlphaLess
Wed Oct 16, 2019 11:01 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1497
Views: 107582

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Brokers dropping their commissions to 0 is going to be a nice juice-up to these strategies (unless of course, you are rolling this 'strategy' with some 6 or 7 figure sum). 4 * 2 * $6 = $48, let's call this $50. Assuming folks are doing this strategy with $25K capital, that's quite a bit, 20 bps a ye...
by AlphaLess
Wed Oct 16, 2019 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Prenuptial agreement for moderately successful 30 year olds
Replies: 68
Views: 5019

Re: Prenuptial agreement for moderately successful 30 year olds

Hers - $175k in assets. No debt. $105k salary. His - $825k plus about $100k of equity in our $325k house that I've lived in for 7 years. No debt aside from mortgage. $120k salary. I am no expert, but doesn't sound like a prenup is needed for this situation. Since you both earn similar amounts, then...
by AlphaLess
Wed Oct 16, 2019 10:47 pm
Forum: Personal Investments
Topic: How to handle 5M capital gain (post-IPO)
Replies: 118
Views: 11627

Re: How to handle 5M capital gain (post-IPO)

If I had 3 million in capital gains and had to pay huge amounts of state taxes, I would do everything in my power to legally move to a no tax state for a minimum 184 days of the year. This is especially true if I lived in California and 12.3% of it was to be taxed away. 3MM * .123 = $370K. That is ...
by AlphaLess
Tue Oct 15, 2019 8:55 am
Forum: Personal Consumer Issues
Topic: Invited to join HOA board. Pros/cons?
Replies: 58
Views: 4705

Re: Invited to join HOA board. Pros/cons?

Pros: - You get to find out what's going on in your neighborhood. - You get input on how the HOA will react to things going on in your neighborhood. - You get to know and connect with your neighbors. - You get to prevent the HOA board from being to strict or too lenient on matters that you care abo...
by AlphaLess
Mon Oct 14, 2019 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: 2020 Social Security Maximum Taxable Earnings $137,700
Replies: 39
Views: 5130

Re: 2020 Social Security Maximum Taxable Earnings $137,700

What are some of the best ways to 'arbitrage' social security? Here is one I thought about: - start paying social security at 50, - for the period of 50-60 years, pay at a pace of earning, say $30K a year, - then reduce earnings at 60 to some minimal amount. Seems like a dollar of tax paid vs dolla...
by AlphaLess
Mon Oct 14, 2019 9:28 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on cellular annually?
Replies: 59
Views: 4153

Re: How much do you spend on cellular annually?

$120 / M, or $1440 a year on 4 lines, unlimited everything in US. And 2G or 3G almost everywhere abroad.
by AlphaLess
Sun Oct 13, 2019 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: What’s the proper way to pay yourself in retirement?
Replies: 66
Views: 8374

Re: What’s the proper way to pay yourself in retirement?

Interesting.....we're retired 8 years, late sixties. We've been taking money when we need it by selling shares of whatever makes sense at that point in time. We're ok with that. Do you think it would be better to sweep all interest, dividend, gains into savings as we move along? Why? Well, when a d...
by AlphaLess
Sun Oct 13, 2019 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Seller misrepresented fulfillment of defect fixes - next steps? sue?
Replies: 55
Views: 5065

Re: Seller misrepresented fulfillment of defect fixes - next steps? sue?

I think the real issue is with your real estate agent.

Sounds like you received bad advice.
by AlphaLess
Sun Oct 13, 2019 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should I invest in a ski in / ski out condo?
Replies: 50
Views: 5309

Re: Should I invest in a ski in / ski out condo?

1. Emotional post? Check!
2. Niche 'investment'? Check!
3. Sounds like a hobby? Check!

To me, this sounds like an 'expenditure on an emotional hobby' rather than an 'investment'.
by AlphaLess
Sun Oct 13, 2019 9:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: the case for global equity investing
Replies: 160
Views: 12317

Re: Vanguard: the case for global equity investing

Certainly there is no question that over the past 10 years US only has hugely outperformed by a wide margin but clearly Vanguard does not expect this trend to continue forever. On this subject, the chart below caught my eye. It appears the valuation of large-cap international stocks are trading at ...
by AlphaLess
Sun Oct 13, 2019 9:53 pm
Forum: Personal Investments
Topic: Fine Art Investments
Replies: 77
Views: 4352

Re: Fine Art Investments

Do we laugh now, later, or reserve the "I told you so"?
by AlphaLess
Sun Oct 13, 2019 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard keeps pushing their financial advisors...why?
Replies: 93
Views: 7694

Re: Vanguard keeps pushing their financial advisors...why?

Using game theory: - some number of people will probably take up advisor services, - revenue collected from advisor services will generally provide more bells and whistles to all clients. So, yea, I think it makes sense for me to avoid Vanguard Advisor services, but it makes sense for me if some of ...
by AlphaLess
Sun Oct 13, 2019 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard keeps pushing their financial advisors...why?
Replies: 93
Views: 7694

Re: Vanguard keeps pushing their financial advisors...why?

DonIce wrote:
Fri Oct 11, 2019 12:23 pm
There's plenty of brokerages out there that won't push unwanted services.

such as?
by AlphaLess
Sun Oct 13, 2019 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: 2020 Social Security Maximum Taxable Earnings $137,700
Replies: 39
Views: 5130

Re: 2020 Social Security Maximum Taxable Earnings $137,700

What are some of the best ways to 'arbitrage' social security? Here is one I thought about: - start paying social security at 50, - for the period of 50-60 years, pay at a pace of earning, say $30K a year, - then reduce earnings at 60 to some minimal amount. Seems like a dollar of tax paid vs dollar...
by AlphaLess
Sun Oct 13, 2019 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: 2020 Social Security Maximum Taxable Earnings $137,700
Replies: 39
Views: 5130

Re: 2020 Social Security Maximum Taxable Earnings $137,700

There has been a lot of information about the 2020 SS COLA of 1.6%. What has not been mentioned in the SSAs same day release of 2020 SS changes from the CPI-U release on 10/10/2019. Is that those changes also included an increase in the Maximum Taxable Earnings from $132,900 (2019) to $137,700 (202...
by AlphaLess
Sun Oct 13, 2019 9:37 pm
Forum: Personal Investments
Topic: Extricating Myself From an Advisor and Investment Bank
Replies: 36
Views: 2394

Re: Extricating Myself From an Advisor and Investment Bank

In my experience, adviser relationships are either 0 or 1. In other words, I don't think you'll be able to "maintain the relationship" because the minute you try to transfer the assets in-kind to your Vanguard brokerage account, the adviser will try to talk you out of it. My father in-law had a bro...
by AlphaLess
Thu Aug 29, 2019 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: What is your plan for the last few years of a long life?
Replies: 230
Views: 16307

Re: What is your plan for the last few years of a long life?

We have Long Term Care Insurance, and plenty of retirement assets. I am the higher earner and will delay starting my Social Security benefits until 70. No debts, other than a mortgage easily covered by our savings. Plenty of equity in our home. No worries, no matter how long we live. How does LTCI ...
by AlphaLess
Sun Aug 11, 2019 1:59 pm
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6744

Re: My mortgagee wants to sell a slice of the land. Thoughts?

Typical response. You spent all this time figuring out what to do with this 'pocket sale' of parcel by your client, but you only include the time that is conveniently little. Sure. Consider it ancillary time spent to help make a smart decision. Plus, I learned I've been mixing mortgagee and mortgag...
by AlphaLess
Sun Aug 11, 2019 1:58 pm
Forum: Personal Consumer Issues
Topic: Condo pool requires having an attendent on duty
Replies: 25
Views: 3210

Re: Condo pool requires having an attendent on duty

Our condo's pool has to always have an attendant on-duty in order for resident to swim. So residents can't just swim by themselves. Apparently this is due to some local law that is done for the water quality and not for safety.. The attendants don't watch people swimming. It makes little sense to m...
by AlphaLess
Sun Aug 11, 2019 12:18 pm
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6744

Re: My mortgagee wants to sell a slice of the land. Thoughts?

Bingo! We have a winner. If you think that: - you have the time, - the experience, - the data, - and all To compete with the banks, then good luck. You're over-complicating this. Time? I get a check once a month. Post it to an Excel spreadsheet I found online, and to my Quicken account (and of cour...
by AlphaLess
Sun Aug 11, 2019 12:31 am
Forum: Personal Finance (Not Investing)
Topic: Dept Outsourced - Job Worries - Need your Advises
Replies: 69
Views: 7285

Re: Dept Outsourced - Job Worries - Need your Advises

● By 2021, 94 percent of workloads and compute instances will be processed by cloud data centers; 6 percent will be processed by traditional data centers ● By 2021, 73 percent of the cloud workloads and compute instances will be in public cloud data centers, up from 58 percent in 2016 (CAGR of 27.5...
by AlphaLess
Sun Aug 11, 2019 12:08 am
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 303
Views: 35768

Re: "The best and worst U.S. states for retirement"

Heh Florida is number 1 :oops:. You couldn't pay me to live in Florida. Me neither. I breathed hot soup for 6 months out of the year in the southeast for decades and couldn't go back to it. Florida is all around a bad state. Too hot, too many mosquitoes, good ocean-side properties are getting flood...
by AlphaLess
Sun Aug 11, 2019 12:01 am
Forum: Personal Consumer Issues
Topic: My mortgagor wants to sell a slice of the land. Thoughts?
Replies: 97
Views: 6744

Re: My mortgagee wants to sell a slice of the land. Thoughts?

Why do you want to be essentially operating a business lending money to these people? I'd use their desire to sell some of the land along with low interest rates as an opportunity for you to get out of this "business" and encourage them to get a "regular" mortgage. Seems like a stream of future pro...
by AlphaLess
Tue Aug 06, 2019 8:43 pm
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 303
Views: 35768

Re: "The best and worst U.S. states for retirement"

visualguy wrote:
Sun Aug 04, 2019 1:04 am
MathIsMyWayr wrote:
Sun Aug 04, 2019 12:44 am
AlphaLess wrote:
Mon Apr 29, 2019 10:34 pm
If you have money, you retire to So Cali.
No place beats So Cal., near the ocean, even better than N. Cal.
Worse traffic in SoCal, though...
Why do you need to worry about traffic?

Just walk.
by AlphaLess
Tue Aug 06, 2019 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 311
Views: 36988

Re: Relationship mortgage discounts for moving a million assets

HEDGEFUNDIE wrote:
Wed May 08, 2019 9:51 pm
First Republic needs to be on your list. I just refinanced with them at 2.65%.

Yes they use Pershing, but Pershing actually has some positives. For example you get access to DFA funds, no advisory fee required.
What's the 2.65% rate?
15?
30?
ARM?
by AlphaLess
Sat Jul 20, 2019 8:51 am
Forum: Personal Consumer Issues
Topic: Getting rid of tiny spiders in garage
Replies: 7
Views: 631

Re: Getting rid of tiny spiders in garage

I am not an expert. But maybe, diatomaceous earth?
by AlphaLess
Fri Jul 19, 2019 9:17 pm
Forum: Personal Investments
Topic: Bad time to enter the market?
Replies: 40
Views: 4369

Re: Bad time to enter the market?

Putting a predetermined amount in on a regular basis takes advantage of dollar cost averaging, which over the long haul boosts your return. Because it’s a fixed dollar amount being invested she will be buying a fewer number of high priced shares and a larger number of lower priced shares... Well .....
by AlphaLess
Fri Jul 19, 2019 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 137
Views: 14922

Re: House not appraising for amount we were offered!

There is one fundamental problem here that I can see: an appraisal will be recorded, and even future bidders / buyers will have access to it. Also, the whole thing seems fishy: - an offer immediately after it is listed, - offer is higher than ask (why?), - and the appraisal is significantly lower. ...