Search found 1523 matches

by AlphaLess
Thu Jul 18, 2019 9:08 pm
Forum: US Chapters
Topic: Birmingham, Alabama local chapter
Replies: 5
Views: 264

Re: Birmingham, Alabama local chapter

Someone was asking about a chapter in Shelby AL. I am not up-to-speed on my Alabama geography, but those two cities don't seem to be that far away.
by AlphaLess
Thu Jul 18, 2019 9:07 pm
Forum: Personal Investments
Topic: Etrade denies promotion on $1 mil new account
Replies: 32
Views: 2827

Re: Etrade denies promotion on $1 mil new account

In March I received an email promotion from Etrade offering $3000 for a $1 mil new account. Instead of clicking on the email link to open the new account, I went to the Etrade web page for security reasons to open the account. The account was funded a few weeks later. Recently, I contacted Etrade t...
by AlphaLess
Thu Jul 18, 2019 9:03 pm
Forum: Personal Investments
Topic: Bad time to enter the market?
Replies: 18
Views: 1185

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
Thu Jul 18, 2019 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Condo Special Assessments
Replies: 8
Views: 718

Re: Condo Special Assessments

When we bought our condo, one of our first questions was asking how well funded the HOA was. Luckily for us, we have an HOA with a reserve in the millions to cover any maintenance required on the building. It sounds like everything that's happening in your building is routine stuff... sucks that yo...
by AlphaLess
Thu Jul 18, 2019 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Condo Special Assessments
Replies: 8
Views: 718

Re: Condo Special Assessments

Mostly agree with the advice given. Imagine this were your own, single-family, detached home. You would have to replace the roof, anyway, at some point. There are, at the extreme, two types of HOAs: - they charge a lot for monthly maintenance, but that includes a lot of items, including reserve cont...
by AlphaLess
Thu Jul 18, 2019 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: FitnessBank 3% savings with 12,500 daily steps - has anyone heard of them?
Replies: 21
Views: 2865

Re: FitnessBank 3% savings with 12,500 daily steps - has anyone heard of them?

Interesting. How do they track? And what incentive do they have for paying interest for steps? I'm guessing their incentive is the expectation that people will sign up with big step goals that go unmet. Bingo. I think you have it. A couple of years ago I decided that it was better for me to set a g...
by AlphaLess
Thu Jul 18, 2019 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 124
Views: 11160

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.
by AlphaLess
Sat Jul 06, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 13519

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

Too many variables. Say, your pay doubles, even counting inflation, from 22 to 32. Are you still saving only 20%? If so, then probably no. Or, put another way. Suppose this is your LAST year of working, whatever age you are in. And you are only saving 20%. I doubt that you can be an early retiree in...
by AlphaLess
Sat Jul 06, 2019 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: FitnessBank 3% savings with 12,500 daily steps - has anyone heard of them?
Replies: 21
Views: 2865

Re: FitnessBank 3% savings with 12,500 daily steps - has anyone heard of them?

Interesting. How do they track? And what incentive do they have for paying interest for steps?
by AlphaLess
Tue Jun 25, 2019 10:40 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: How Trading Costs Erode Factor Returns
Replies: 43
Views: 3137

Re: Larry Swedroe: How Trading Costs Erode Factor Returns

Here is a quote which gives an estimate of the market impact cost: "There is significant evidence of market impact on the rebalancing day and a subsequent price reversal over the next four days, costs induced by the orders of the indexers.... A fund incurs approximately 30 basis points (bps) of tra...
by AlphaLess
Tue Jun 25, 2019 10:38 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: How Trading Costs Erode Factor Returns
Replies: 43
Views: 3137

Re: Larry Swedroe: How Trading Costs Erode Factor Returns

Phineas J. Whoopee wrote:
Tue Jun 25, 2019 7:26 pm
Pardon me for saying so, but trading costs erode all returns. What do factors have to do with the subject?
PJW
Actually, both statements are wrong.

Trading costs erode 'trading' fund returns, but not factor or market returns.
by AlphaLess
Wed Jun 19, 2019 9:53 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 2564
Views: 196835

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

I've been following this thread since the beginning and I have no doubt that this strategy would have worked in the past and will probably continue to work into the near future. What I can't wrap my head around is why this would work long term? The stock market grows because of inflation and the gr...
by AlphaLess
Wed Jun 19, 2019 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella policy went up 166%
Replies: 34
Views: 3447

Re: Umbrella policy went up 166%

I'm paying about $200/yr for $1m umbrella. What did you do? Oh yes...I forgot that part. :D My 16 year got his license and I have 10 rental properties. The "change," from last year is only the 16 year old getting his license. Which, I'm not sure that requires a $1100 bump in the policy cost. Your c...
by AlphaLess
Wed Jun 19, 2019 9:03 pm
Forum: Personal Consumer Issues
Topic: Single cup coffee/espresso options, 2019
Replies: 84
Views: 5422

Re: Single cup coffee/espresso options, 2019

Why 80% when you can beat Starbucks by using Nespresso?
by AlphaLess
Tue Jun 18, 2019 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 38320

Re: For those who earn $500k+ per year. How'd you do that?

- Public company executives: you have to get lucky and more important be GREAT at office politics. No thanks. This seems to be the “conventional view” especially around here. Agree about the “luck” but I think that’s true of most success situations. As far as “politics” go,I have a different perspe...
by AlphaLess
Tue Jun 18, 2019 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 38320

Re: For those who earn $500k+ per year. How'd you do that?

It would be good to separate two groups: - professions or general sets that pay $500K-ish, - unicorn jobs that pay that level. If you rise to the top of any profession, you might come close to the $500K (or more): - law firm partner, - consulting firm partner, - "C"-ish level job in a mid-size compa...
by AlphaLess
Wed Jun 05, 2019 11:12 pm
Forum: Investing - Theory, News & General
Topic: Swedroe is far from a passive investor and I am beginning to agree
Replies: 62
Views: 5921

Re: Swedroe is far from a passive investor and I am beginning to agree

Always passive wrote:
Wed Jun 05, 2019 2:31 pm

If you do not buy the total world market, which I am sure you do not, you are an active investor. Do you not tilt one way or another?
Don't forget the total world bond market.
by AlphaLess
Wed Jun 05, 2019 11:07 pm
Forum: Personal Consumer Issues
Topic: Walking Cities, potential for retirees
Replies: 102
Views: 10017

Re: Walking Cities, potential for retirees

New York
Chicago
Santa Monica

Consult the "Walk Score" in any zip code.
It is extremely accurate.
by AlphaLess
Wed Jun 05, 2019 11:01 pm
Forum: Personal Consumer Issues
Topic: Costco or Sam's Club?
Replies: 134
Views: 8581

Re: Costco or Sam's Club?

First option: Costco.
Second option: both.
by AlphaLess
Sun Jun 02, 2019 7:26 pm
Forum: Personal Investments
Topic: Kid Has Money
Replies: 15
Views: 1804

Re: Kid Has Money

what are the goals? You could certainly put the money in a 529 plan if you think he will likely have educational expenses in the future. Otherwise, it's just a regular taxable account. What you do with the money (i.e., save and/or invest) is your choice and dependent upon timeframe when needing the...
by AlphaLess
Sun Jun 02, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: How to get the lowest mortgage rate?
Replies: 29
Views: 3530

Re: How to get the lowest mortgage rate?

Good resource: http://www.mortgagenewsdaily.com/

I would not recommend getting a lender from that site, but check their current rates, and history.
by AlphaLess
Sun Jun 02, 2019 6:44 pm
Forum: Personal Investments
Topic: Kid Has Money
Replies: 15
Views: 1804

Re: Kid Has Money

what are the goals? You could certainly put the money in a 529 plan if you think he will likely have educational expenses in the future. Otherwise, it's just a regular taxable account. What you do with the money (i.e., save and/or invest) is your choice and dependent upon timeframe when needing the...
by AlphaLess
Sun Jun 02, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 273
Views: 26067

Re: Can I afford this 2.3 million dollar home?

I can already tell my kids don't have anywhere close to the same talent/ambition/focus I had at their ages so it's a good thing we live way beneath our means. Just curious: how can you tell? At my son's current age (13), I had already: * learned computer programming on my own from looking at source...
by AlphaLess
Sun Jun 02, 2019 11:33 am
Forum: Investing - Theory, News & General
Topic: How long does it take to come out of a major downtunr?
Replies: 30
Views: 3103

Re: How long does it take to come out of a major downtunr?

The chart below shows the (nominal) history of U.S. large cap stocks from 1926-2018, assuming reinvested dividends: https://i.imgur.com/UdPWVbk.jpg NOTE: Large stocks are represented by the Ibbotson® Large Company Stock Index. Downturns are defined by a stock market decline of 10% or more from its ...
by AlphaLess
Fri May 31, 2019 9:51 pm
Forum: Personal Consumer Issues
Topic: 23 and me vs. ancestry- thoughts?
Replies: 38
Views: 2923

Re: 23 and me vs. ancestry- thoughts?

Neither.

There are limited number of DNA processors.

Nearly all of them will automatically give your DNA to law enforcement.
by AlphaLess
Fri May 31, 2019 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE in 6-7 years vs 20+ years
Replies: 44
Views: 4949

Re: FIRE in 6-7 years vs 20+ years

38,000 ft wrote:
Fri May 31, 2019 5:26 pm
Did anyone mention why bother paying back your student loans if you might move back to Pakistan? 😎
Because you borrowed it, and you are supposed to pay back.
by AlphaLess
Fri May 31, 2019 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE in 6-7 years vs 20+ years
Replies: 44
Views: 4949

Re: FIRE in 6-7 years vs 20+ years

mhalley wrote:
Mon May 27, 2019 5:47 pm
If you do have “burnout”
What's "burnout"?
by AlphaLess
Fri May 31, 2019 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 273
Views: 26067

Re: Can I afford this 2.3 million dollar home?

MossySF wrote:
Thu May 30, 2019 11:55 pm
I can already tell my kids don't have anywhere close to the same talent/ambition/focus I had at their ages so it's a good thing we live way beneath our means.
Just curious: how can you tell?
by AlphaLess
Fri May 31, 2019 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 273
Views: 26067

Re: Can I afford this 2.3 million dollar home?

Sure, if your income is stable you are on the road to being wealthy and can afford a nice home. You are a one percenter by income right now : ) Here in NYC 2.3 million gets you a nice 2 br 2 ba in Manhattan so I don't think the number is automatically obscene. But if you are buying a giant home in ...
by AlphaLess
Fri May 31, 2019 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 180
Views: 16543

Re: Fun paid jobs after FIRE

#1: my current job.
by AlphaLess
Tue May 28, 2019 9:26 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 2564
Views: 196835

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

My strange passion for reproducible research motivated me to get this done. I've uploaded a "bundle" with the code and data here: https://drive.google.com/drive/folders/1SKLGLJ_Vx5MVxYZWb2hmu-znYAaJkf9p?usp=sharing I'm not certain there is no personally identifiable information there, so please let...
by AlphaLess
Tue May 28, 2019 9:25 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 2564
Views: 196835

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

Since it seems you are setup to test quickly, what would it be if you swapped between 100% UPRO and TMF? Yeah I've got it all set up in R so I can test any strategy at will. Switching doesn't do much good imo, roughly 30% return, 42%sd, 61% drawdown. Going long upro only when you've got the signal ...
by AlphaLess
Tue May 28, 2019 9:21 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 2564
Views: 196835

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

So much interest in futures. I would encourage anyone to start a new thread implementing my strategy with futures. Would be instructive to see how the two strategies compare in real time. Putting my fake money where my mouth is! Opened a "practice" account at ThinkOrSwim to get use to the future tr...
by AlphaLess
Tue May 28, 2019 9:13 pm
Forum: Personal Investments
Topic: Short term Muni ETF's
Replies: 14
Views: 1466

Re: Short term Muni ETF's

If you can purchase mutual funds instead of ETFs, Vanguard has a garden variety.

https://investor.vanguard.com/mutual-fu ... nd-returns

Play around with the filter.
by AlphaLess
Tue May 28, 2019 9:11 pm
Forum: Personal Investments
Topic: pay off an ARM mortgage or not?
Replies: 58
Views: 3423

Re: pay off an ARM mortgage or not?

LeslieSmiley wrote:
Tue May 28, 2019 11:26 am
- losing the mortgage interest tax deduction if i pay it off
Are you sure you are getting the deduction?
Between the $24K std ded, and the small mortgage interest, it is unlikely.
by AlphaLess
Tue May 28, 2019 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: AmEx rewards points
Replies: 15
Views: 1390

Re: AmEx rewards points

I had a green AmEx for many years before we switched to a Fidelity Reward card that pays a straight 2% on everything (that I reinvest in a brokerage account - more than $3000 in just three years!) Those many AmEx years means I now have >450,000 Membership Rewards points and I'm trying to figure out...
by AlphaLess
Tue May 28, 2019 9:08 pm
Forum: Investing - Theory, News & General
Topic: What goes wrong after index enlightenment
Replies: 41
Views: 5337

Re: What goes wrong after index enlightenment

bernoulli wrote:
Mon May 27, 2019 9:53 am
Thanks, good post, I should read it every year as a reminder to "stay the course."
Where is the up-vote button on this forums?
If there is none, there should be one.
by AlphaLess
Sun May 05, 2019 9:22 pm
Forum: Personal Investments
Topic: Futures Down
Replies: 45
Views: 3281

Re: Futures Down

It’s fun seeing portfolio reach all time highs and tomorrow will break the streak. But I know that market fluctuates and market drops are good for us accumulators. Amen to that! I would appreciate another ZERO on that drop. May this 500 point drop turn into 5000 point, or if Market Gods willing, 10...
by AlphaLess
Sun May 05, 2019 9:20 pm
Forum: Personal Investments
Topic: Futures Down
Replies: 45
Views: 3281

Re: Futures Down

Das Tariff Mann Hath Spoken. Der Tariff Mann hath spoken. Most world languages have nouns that are either masculine or feminine. German goes them one better and adds a third gender: neuter. The masculine definite article (“the”) is der, the feminine is die, and the neuter form is das. German speake...
by AlphaLess
Sun May 05, 2019 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Realistic Comp Increase with Doubling Job Responsibilities
Replies: 37
Views: 2340

Re: Realistic Comp Increase with Doubling Job Responsibilities

While my future team would approximately be doubling contributions to the company, I'm surely not expecting to double my all-in comp... Why not? If your old team was generating $5MM in revenue, and your new team will be generating $10MM in revenue, and your position is now more important, then it i...
by AlphaLess
Sun May 05, 2019 9:16 pm
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 278
Views: 27670

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

But to buy a slip in the marina for a 50 foot boat is only $23,000 USD. That's less than a 1/3 of what some 50 ft. slips go for in Florida. That's pretty cheap. I wonder what I'm missing? You can always change the numbers to fit your conclusion. I'm still not sure what I'm missing. That story was f...
by AlphaLess
Sun May 05, 2019 9:15 pm
Forum: Personal Investments
Topic: Futures Down
Replies: 45
Views: 3281

Re: Futures Down

Das Tariff Mann Hath Spoken.
by AlphaLess
Tue Apr 30, 2019 8:41 pm
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 278
Views: 27670

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

If you REALLY have money, you retire to Cap Ferrat in South of France. I always get curious about statements like this. I had to look this place up. Never heard of it before. So, yeah, it's on the French Riviera and it is nice. But to buy a slip in the marina for a 50 foot boat is only $23,000 USD....
by AlphaLess
Tue Apr 30, 2019 12:14 am
Forum: Investing - Theory, News & General
Topic: Alpha Architect: Buyer Beware:The Reality Of Tax Loss Harvesting Benefits
Replies: 22
Views: 2186

Re: Alpha Architect: Buyer Beware:The Reality Of Tax Loss Harvesting Benefits

I use Schwab Intelligent Portfolios which harvested 140K in losses in 2018. No sale made by their algorithm was for pennies, all were for $1000+ in paper losses. I am not able to spend the time watching and timing TLH sales so was happy the computer did it for me. I was able to sell 140K of gains i...
by AlphaLess
Tue Apr 30, 2019 12:13 am
Forum: Investing - Theory, News & General
Topic: Alpha Architect: Buyer Beware:The Reality Of Tax Loss Harvesting Benefits
Replies: 22
Views: 2186

Re: Alpha Architect: Buyer Beware:The Reality Of Tax Loss Harvesting Benefits

https://alphaarchitect.com/2019/04/26/buyer-beware-the-reality-of-tax-loss-harvesting-benefits/ The Alpha Architect guys have a good essay looking at the potential benefits of tax loss harvesting. The size of the tax deferral is dependent on expected returns and future tax tax rates. They conclude ...
by AlphaLess
Mon Apr 29, 2019 10:37 pm
Forum: Investing - Theory, News & General
Topic: Alpha Architect: Buyer Beware:The Reality Of Tax Loss Harvesting Benefits
Replies: 22
Views: 2186

Re: Alpha Architect: Buyer Beware:The Reality Of Tax Loss Harvesting Benefits

https://alphaarchitect.com/2019/04/26/buyer-beware-the-reality-of-tax-loss-harvesting-benefits/ The Alpha Architect guys have a good essay looking at the potential benefits of tax loss harvesting. The size of the tax deferral is dependent on expected returns and future tax tax rates. They conclude ...
by AlphaLess
Mon Apr 29, 2019 10:34 pm
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 278
Views: 27670

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

I trained at Harvard and for New Englanders (many very wealthy) it was normal to be a snow bird. I can't tell you how MANY horror stories I have heard of misdiagnosis or just bad care from the folks who have more money to burn then most. I hate to throw the baby out with the bathwater, but I am war...