Search found 1323 matches

by AlphaLess
Sat Feb 09, 2019 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 629
Views: 67219

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Summer wrote:
Tue Feb 05, 2019 4:28 pm
Mine Posted!

FYI- with Ally Bank, even if your saving account goes to $0 it remains open indefinitely, until you call/ contact them to officially close it.
One advantage to closing it is that future bonuses might be impacted.
by AlphaLess
Sat Feb 09, 2019 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 629
Views: 67219

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I wonder how Ally ultimately computed the bonus for people who had activity (both in and out) during the retention period? There was considerable debate on this thread about whether Ally would count all withdrawals during the retention period as going against the original deposit, and thereby reduc...
by AlphaLess
Sat Feb 09, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 629
Views: 67219

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Boy, I wonder how much cash Ally is losing on this promo. I'm sure they wanted people to keep their money in there or get loans and other upsell opportunities, but the target audience was probably severely missed here.. On these types of bonuses, it is always adverse fill. People who take advantage...
by AlphaLess
Tue Feb 05, 2019 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 629
Views: 67219

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

When I login into my account, I see the following notification: "We’re excited to let you know that your cash bonus for the Payback Time promotion is processing. Your cash bonus will be deposited into your account within the next 48 hours." Ugh, Mine doesn't seem to have that. Hopefully it shows up...
by AlphaLess
Tue Feb 05, 2019 8:33 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total World Stock (VTWAX) and All-World ex-US Small Cap Admiral Shares (VFSAX) now available (February 7)
Replies: 170
Views: 16898

Re: Vanguard Total World Stock and All-World ex-US Small Cap Admiral Shares should launch February 5

mcraepat9 wrote:
Thu Jan 17, 2019 1:01 pm
Great news - though annoying to see the higher ER for the mutual fund version of VSS.
Small incentive for people to use the ETF.
by AlphaLess
Mon Feb 04, 2019 11:23 pm
Forum: Personal Consumer Issues
Topic: How exactly are eligible deaths determined for term life insurance
Replies: 27
Views: 1773

Re: How exactly are eligible deaths determined for term life insurance

My guess is like any other insurance. They probably don't pay until you make them. People keep mentioning suicide after two years, but I wouldn't assume that without looking at a plan description and the laws of your state (unless this is some federal law I've never heard of). I wonder if getting l...
by AlphaLess
Mon Feb 04, 2019 11:21 pm
Forum: Personal Consumer Issues
Topic: How exactly are eligible deaths determined for term life insurance
Replies: 27
Views: 1773

Re: How exactly are eligible deaths determined for term life insurance

Just to be sure, suicide will result in a payout, but only after the typical 2-year provisional period has been vested in.

I think there are VERY FEW cases when term insurance won't pay out:
- act of war,
- no death certificate.
by AlphaLess
Sun Feb 03, 2019 4:48 pm
Forum: Personal Investments
Topic: Is there a broad index fund with no dividends?
Replies: 13
Views: 1282

Re: Is there a broad index fund with no dividends?

1. It is hard to construct a broad index fund with no dividends because: (a) most of the weight in broad index fund comes from more safe, large-cap stocks, (2) most of those types of stocks pay dividends, and (3) even stocks outside of that group pay dividends. 2. There are some tax-managed funds (l...
by AlphaLess
Sun Feb 03, 2019 4:43 pm
Forum: Investing - Theory, News & General
Topic: Insights from Norway's $1 Trillion Fund Manager
Replies: 60
Views: 6298

Re: Insights from Norway's $1 Trillion Fund Manager

gmaynardkrebs wrote:
Sat Feb 02, 2019 12:51 pm
I don't have a lot in common with the Norwegian fund.
I disagree. You have *A LOT MORE COMMON* than you *THINK* you do.
by AlphaLess
Sun Feb 03, 2019 4:41 pm
Forum: Investing - Theory, News & General
Topic: Insights from Norway's $1 Trillion Fund Manager
Replies: 60
Views: 6298

Re: Insights from Norway's $1 Trillion Fund Manager

alex_686 wrote:
Sun Feb 03, 2019 1:58 pm
The theory behind passive investing is that the market is efficient, which assumes that the market is well integrated, which China is not.
Upvote!
by AlphaLess
Sun Feb 03, 2019 4:40 pm
Forum: Investing - Theory, News & General
Topic: Insights from Norway's $1 Trillion Fund Manager
Replies: 60
Views: 6298

Re: Insights from Norway's $1 Trillion Fund Manager

Great interview. Managing a $1T for your grand-grandchildren *MAY NOT BE* that different than how bogleheads think about managing their money. A few notable comments: - when you have $1T, alternative assets are out of question. Due to sheer size, even if you could park some, say, tiny percentage, li...
by AlphaLess
Sat Feb 02, 2019 9:30 pm
Forum: Investing - Theory, News & General
Topic: The Little Pension That Dumped Dalio
Replies: 14
Views: 2653

Re: The Little Pension That Dumped Dalio

columbia wrote:
Sat Feb 02, 2019 9:16 pm
At what point should folks of this ilk be considered con artists?
I am guessing when they go Bernie.
by AlphaLess
Sat Feb 02, 2019 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Building a house in rural mountains
Replies: 70
Views: 7089

Re: Building a house in rural mountains

I know a couple of people who have done this. In one case, the whole place burned down. In the other case, they didn't live there, but only went there occasionally. Despite no trespassing signs all over the place, the trail cameras they set up showed that lots of people trespassed and drove up thei...
by AlphaLess
Sat Feb 02, 2019 8:58 pm
Forum: Investing - Theory, News & General
Topic: The Little Pension That Dumped Dalio
Replies: 14
Views: 2653

Re: The Little Pension That Dumped Dalio

Say, a hedge fund is expected to return 12.5% (without fees), and they charge 2 and 20. That will result in the following NET returns: - 2% fee for AUM management, - 2.5% fee for incentive, - total of 4.5% fees, - so net, 8% return. To make it worthwhile, I would say that for every percentage kept b...
by AlphaLess
Sat Feb 02, 2019 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: How to approach family member
Replies: 33
Views: 2591

Re: How to approach family member

I don't see anything inherently reckless about 70/30. You haven't mentioned his withdrawal rate, or other assets he may hold. Presumably, at age 65, he was invested through at least 2 bear markets and did OK. True. Also, if he has a pension, high PIA OASDI, then what's the problem? He may only need...
by AlphaLess
Sat Feb 02, 2019 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 21232

Re: Why doesn't a lot of money feel like a lot of money?

It's probably a good thing in two respects: - if you were overly excited (like a lottery winner), you would probably be looking for ways to spend it soon, - if you feel it is not a lot of money then perhaps you are used to the large in-flows, i.e., this is probably not the first or last large bonus ...
by AlphaLess
Sat Feb 02, 2019 8:37 pm
Forum: Personal Investments
Topic: IPS feedback for HNW portfolio
Replies: 2
Views: 197

Re: IPS feedback for HNW portfolio

Solid plan including the little detail that 401K has all bonds, and ROTH has all stocks.

Take care of your health: that's the biggest risk you have.

And congrats on being well-set financially.
by AlphaLess
Sat Feb 02, 2019 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Not ready to RE! Plan going forward. [Retire Early]
Replies: 29
Views: 2691

Re: Not ready to RE! Plan going forward. [Retire Early]

The entire discussion is too imprecise, with numbers, and details hidden every which way.

OP: I would suggest to clean-up your writeup, and use very specific things, like bullet point and numbers.
by AlphaLess
Thu Jan 31, 2019 11:01 pm
Forum: Investing - Theory, News & General
Topic: [Seeking Alpha: The Dark Side Of John Bogle's Legacy]
Replies: 72
Views: 6086

Re: BND- Vanguard Total Bond trading costs

Another problem with the seekingalpha article is that it overstates the portfolio turnover rate. He says that the turnover rate was 60% (annualized) in the first six months of 2018. In fact, that figure includes 17% attributable to mortgage dollar roll activity, which is not bond trading at all. (M...
by AlphaLess
Thu Jan 31, 2019 10:56 pm
Forum: Investing - Theory, News & General
Topic: [Seeking Alpha: The Dark Side Of John Bogle's Legacy]
Replies: 72
Views: 6086

Re: BND- Vanguard Total Bond trading costs

In addition, the article's author gives us no reason to believe that his example of a corporate bond trade is actually one that BND executes (would Vanguard really trade such corporate bonds for only an 8 year change in maturity?) or what size bond trade the spread he cites refers to. (The bigger t...
by AlphaLess
Thu Jan 31, 2019 10:54 pm
Forum: Investing - Theory, News & General
Topic: [Seeking Alpha: The Dark Side Of John Bogle's Legacy]
Replies: 72
Views: 6086

Re: BND- Vanguard Total Bond trading costs

So far the responses are: 1. It's misleading, stop reading 'seeking alpha', 2. Looks or smells like an intentional hit piece. Author has a profit motive, etc, 3. Compare BND to the benchmark index. Index has no trading cost, so if BND is tracking well, then no worries, 4. Some statistics on trading...
by AlphaLess
Thu Jan 31, 2019 10:52 pm
Forum: Investing - Theory, News & General
Topic: [Seeking Alpha: The Dark Side Of John Bogle's Legacy]
Replies: 72
Views: 6086

Re: BND- Vanguard Total Bond trading costs

So I will attempt to give more data-driven responses. 1. How much drag, approximately, does the turnover cause the fund? Key part of the article is presenting two representative bonds, and their order book. Notice that in the example, he has two bonds. InBev 36s have a $4.82 spread on $1000 par, and...
by AlphaLess
Thu Jan 31, 2019 10:32 pm
Forum: Investing - Theory, News & General
Topic: [Seeking Alpha: The Dark Side Of John Bogle's Legacy]
Replies: 72
Views: 6086

Re: BND- Vanguard Total Bond trading costs

So far the responses are: 1. It's misleading, stop reading 'seeking alpha', 2. Looks or smells like an intentional hit piece. Author has a profit motive, etc, 3. Compare BND to the benchmark index. Index has no trading cost, so if BND is tracking well, then no worries, 4. Some statistics on trading ...
by AlphaLess
Wed Jan 30, 2019 9:17 pm
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 13314

Re: High Earners Mostly Use Taxable Accounts?

The short answer is yes -- high earners who are also high savers sometimes end up with taxable accounts that are substantially larger than tax-advantaged accounts. 100%. Yep, it can happen. For me, though, it's currently about 60% tax advantaged and 40% taxable. I guess I was misunderstood. 100% re...
by AlphaLess
Mon Jan 28, 2019 9:56 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 114
Views: 8930

Re: How much money does one need to setup a private S&P 500 fund?

What does the lottery have anything to do with owning the SP500 in individual stocks vs ETF or mutual fund??? A reminder this is the theory forum. I have my answer the minimum is about $13 million. At this point in time the only way I will get $13 million investable is to win the lottery. The easie...
by AlphaLess
Mon Jan 28, 2019 9:54 pm
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 13314

Re: High Earners Mostly Use Taxable Accounts?

The short answer is yes -- high earners who are also high savers sometimes end up with taxable accounts that are substantially larger than tax-advantaged accounts. 100%. Yep, it can happen. For me, though, it's currently about 60% tax advantaged and 40% taxable. I guess I was misunderstood. 100% re...
by AlphaLess
Mon Jan 28, 2019 1:28 am
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 13314

Re: High Earners Mostly Use Taxable Accounts?

Taxable accounts can be just as tax efficient as Roth IRAs for many [non] taxpayers. Show the math on how taxable is remotely as efficient for any high earner. It isnt. Even for low earners they tend not to be as efficient as you lose out on things like the savers credit. Heck compare the financial...
by AlphaLess
Mon Jan 28, 2019 1:21 am
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 13314

Re: High Earners Mostly Use Taxable Accounts?

AZAttorney11 wrote:
Sun Jan 27, 2019 7:54 pm
The short answer is yes -- high earners who are also high savers sometimes end up with taxable accounts that are substantially larger than tax-advantaged accounts.
100%.
by AlphaLess
Mon Jan 28, 2019 12:23 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10240
Views: 1806265

Re: U.S. stocks in free fall

Major earnings reports from Facebook, Microsoft, Amazon, and Apple this week: https://www.cnbc.com/2019/01/25/apple-microsoft-and-amazon-are-in-the-next-wave-of-earnings-.html I'm going to go out on a limb and say that earnings will be a 'disappointment' and the market will go down a bit. But what ...
by AlphaLess
Mon Jan 28, 2019 12:22 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10240
Views: 1806265

Re: U.S. stocks in free fall

Bump, because I am seriously curious about the answer. Socratic question: If an investment asset has an expected real return of zero, is it really an investment? Reference (https://www.merriam-webster.com/dictionary/investment): Investment noun (1) in·​vest·​ment | \ in-ˈves(t)-mənt \ Definition of...
by AlphaLess
Sun Jan 27, 2019 6:34 pm
Forum: Personal Investments
Topic: Moving from national to state tax-exempt muni bonds: VWLTX to VCITX
Replies: 19
Views: 689

Re: Moving from national to state tax-exempt muni bonds: VWLTX to VCITX

I hold a 3-fund portfolio in taxable accounts, where the bond portion is composed of three bond funds: - VMLTX: Vanguard Limited-term Tax-exempt Muni Bond Fund - VWITX: Vanguard Intermediate-term Tax-exempt Muni Bond Fund - VWLTX: Vanguard Intermediate-term Tax-exempt Muni Bond Fund Based on sugges...
by AlphaLess
Sun Jan 27, 2019 6:28 pm
Forum: Personal Investments
Topic: Moving from national to state tax-exempt muni bonds: VWLTX to VCITX
Replies: 19
Views: 689

Re: Moving from national to state tax-exempt muni bonds: VWLTX to VCITX

I hold a 3-fund portfolio in taxable accounts, where the bond portion is composed of three bond funds: - VMLTX: Vanguard Limited-term Tax-exempt Muni Bond Fund - VWITX: Vanguard Intermediate-term Tax-exempt Muni Bond Fund - VWLTX: Vanguard Intermediate-term Tax-exempt Muni Bond Fund That last one i...
by AlphaLess
Sun Jan 27, 2019 4:21 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 114
Views: 8930

Re: How much money does one need to setup a private S&P 500 fund?

I would think the main reason for someone to recreate the S+P 500 would be if you don't want to invest in some of the companies because you have some moral issue with them (but do not like how ESG funds define this). If you wanted to invest 10s of millions it might be worth it for tax reasons. For ...
by AlphaLess
Sun Jan 27, 2019 4:18 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 114
Views: 8930

Re: How much money does one need to setup a private S&P 500 fund?

I am guessing here. But if you had $13.2m to invest, you could find a brokerage that would help you buy 50K shares of SPY, and then redeem it for you for the basket, and give you the basket shares in your brokerage account. $13 million is much less than I thought. I don't play any lotteries but if ...
by AlphaLess
Sun Jan 27, 2019 12:42 pm
Forum: Personal Consumer Issues
Topic: Victim of my own success! How to deal with a complex life?
Replies: 103
Views: 8889

Re: Victim of my own success! How to deal with a complex life?

knightrider wrote:
Thu Jan 24, 2019 11:07 am
I typically don't look at my investments, but every so often we get new money that needs to be invested somewhere. That takes research and such..
Shouldn't.
by AlphaLess
Sat Jan 26, 2019 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Do you ever feel overpaid?
Replies: 72
Views: 4393

Re: Do you ever feel overpaid?

I feel perpetually underpaid.
by AlphaLess
Sat Jan 26, 2019 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Not sure how to negotiate BMW prices. Too much variability between cars offered at different dealers.
Replies: 15
Views: 1120

Re: Not sure how to negotiate BMW prices. Too much variability between cars offered at different dealers.

I'm currently trying to assist a family member in the purchase or lease of a BMW X1. I am finding it challenging to compare apples to apples. When I find something in stock at one dealer, and then ask another to match, rather than give me a price for the exact car, they offer me a different car in ...
by AlphaLess
Sat Jan 26, 2019 12:41 am
Forum: Investing - Theory, News & General
Topic: What do you think about swing trading?
Replies: 97
Views: 3670

Re: What do you think about swing trading?

For the most part, investing ideas can be partitions into three groups: 1. Excellent ideas that generate consistent returns, either uncorrelated with the market, or if correlated with the market, then they beat the market on average, 2. Ideas that generate some returns, but it is questionable wheth...
by AlphaLess
Sat Jan 26, 2019 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 162
Views: 21534

Re: Millionaire by 40 and How you Did it?

I did it by consistently earning a top 1% income, according to the table below. http://i68.tinypic.com/2elz96r.png Interesting chart, thanks for sharing. I thought that (average) income (by age) increases up to age about 45-50, and then decreases. Perhaps it's different for the 1% segment due to po...
by AlphaLess
Sat Jan 26, 2019 12:24 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 162
Views: 21534

Re: Millionaire by 40 and How you Did it?

Maverick3320 wrote:
Fri Jan 11, 2019 11:47 am
Wrote a book on "how to be a millionaire by 40". Sold one million copies at $1 each on Facebook.
So cheap. So few.

Should have sold to 100 million people for $10. Would have been a billionaire.
by AlphaLess
Sat Jan 26, 2019 12:18 am
Forum: Investing - Theory, News & General
Topic: Vanguard stole $0.01?
Replies: 80
Views: 5662

Re: Vanguard stole $0.01?

I was a little surprised by my first mutual fund purchase at Vanguard. I asked them to buy $14,000 worth if VTSAX on Jan 23. They did withdraw $14,000 and bought 213.18700 shares at $65.67000 according to the transaction confirmation statement as well as current holdings, but instead of charging 13...
by AlphaLess
Sat Jan 26, 2019 12:16 am
Forum: Investing - Theory, News & General
Topic: What do you think about swing trading?
Replies: 97
Views: 3670

Re: What do you think about swing trading?

For the most part, investing ideas can be partitions into three groups: 1. Excellent ideas that generate consistent returns, either uncorrelated with the market, or if correlated with the market, then they beat the market on average, 2. Ideas that generate some returns, but it is questionable whethe...
by AlphaLess
Sat Jan 26, 2019 12:07 am
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 114
Views: 8930

Re: How much money does one need to setup a private S&P 500 fund?

If my arithmetic is OK and you want your smallest holding to be around $100, then you need $500k Smallest holding $1000? $5 million I found this S&P 500 fund, RYXYS, fund size: $202.6 million. I hurt my head trying to figure out the smallest amount of money I would need to have a private fund. The ...
by AlphaLess
Sat Jan 26, 2019 12:02 am
Forum: Investing - Theory, News & General
Topic: Reasons to own Vanguard ETFs over Admiral shares?
Replies: 94
Views: 7921

Re: Reasons to own Vanguard ETFs over Admiral shares?

Portability. I left Vanguard after they made a series of errors on my account. It was easier to move the shares out as ETFs so I converted. Some brokerages will let you hold Admiral shares but not buy them. Even where it's possible to buy Admiral shares, there's usually a fee. ETFs can be bought ev...
by AlphaLess
Fri Jan 25, 2019 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Unpleasant surprise 2018 Federal Tax - high level overview?
Replies: 107
Views: 14889

Re: Unpleasant surprise 2018 Federal Tax - high level overview?

Yeah, when the IRS bumped the safe harbor down to 85%, I don't think they were doing that to be nice. I don't have my full complement of 1099s yet for a final tally, but it looks like I'll be paying more tax this year. Which for those who are trying to follow the bouncing ball means my tax liabilit...
by AlphaLess
Fri Jan 25, 2019 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Unpleasant surprise 2018 Federal Tax - high level overview?
Replies: 107
Views: 14889

Re: Unpleasant surprise 2018 Federal Tax - high level overview?

Withholding is certainly an issue. After the tables came out, I calculated we'd need to withhold an additional $2700 for the year to be even. On the witholding tables our marginal rate at M0 is 22% (same for our bonuses) but our actual marginal rate on ordinary income is 24% (plus 0.9% for Addition...
by AlphaLess
Fri Jan 25, 2019 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Unpleasant surprise 2018 Federal Tax - high level overview?
Replies: 107
Views: 14889

Re: Unpleasant surprise 2018 Federal Tax - high level overview?

livesoft wrote:
Fri Jan 25, 2019 1:28 pm
munemaker wrote:
Fri Jan 25, 2019 1:23 pm
The truth is most will pay less taxes this year but some higher income earners will pay more.
Our income is so high that we pay 0% tax on qualified dividend income.
I am very interested in knowing the circumstances.

Thank you.
by AlphaLess
Fri Jan 25, 2019 12:32 am
Forum: Personal Consumer Issues
Topic: Victim of my own success! How to deal with a complex life?
Replies: 103
Views: 8889

Re: Victim of my own success! How to deal with a complex life?

Psychologists will tell you that over researching or thinking decisions that aren't that important is because you don't want to be wrong or feel like you made the wrong decision and want to make the perfect decision (which is often impossible). I have been guilty of overthinking/researching minor t...
by AlphaLess
Fri Jan 25, 2019 12:31 am
Forum: Personal Consumer Issues
Topic: Victim of my own success! How to deal with a complex life?
Replies: 103
Views: 8889

Re: Victim of my own success! How to deal with a complex life?

A few years ago I was single in my late 30s and had all the time in the world. Now I am in my early 40s with a spouse and a toddler with no time for anything! I am lucky if I get 1 hour of free time per day. My life is just consumed with managing the family, house, finances, taxes, insurance etc......
by AlphaLess
Thu Jan 24, 2019 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Safe to consider early retirement at 42 vs benefit of sticking it out?
Replies: 75
Views: 6122

Re: Safe to consider early retirement at 42 vs benefit of sticking it out?

My god. $2.4 million should comfortably sustain even a $90k/yr retirement. If you retire today and only spend $50K/yr your assets will continue to grow and grow allowing for lifestyle creep and expensive end of life care. Financially you are golden. ... Short of the superlative pronounce, I agree w...