Search found 220 matches

by AlphaLess
Sun Jun 17, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Using donor advised fund to diversify stock with large capital gains
Replies: 38
Views: 2235

Re: Using donor advised fund to diversify stock with large capital gains

Our accountant suggested that if we don't want to donate it all at once, we should consider putting it in a donor advised fund. The only thing better than that plan would have been to do it prior to Dec.31.2017, assuming you were and are in the highest federal tax bracket. For many, it would have b...
by AlphaLess
Sun Jun 17, 2018 2:23 pm
Forum: Investing - Theory, News & General
Topic: A different theoretical view of SWR
Replies: 63
Views: 3700

Re: A different theoretical view of SWR

...theory... Given a 30-year retirement period this yields a SWR of 3.33%. SWRs can easily be calculated for any period and a personal SWR can be developed by assuming a longer or shorter lifespan, planning for one-off expenses or heirs, etc. Thoughts? Sure. But that leaves one big problem open: - ...
by AlphaLess
Sat Jun 16, 2018 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Using donor advised fund to diversify stock with large capital gains
Replies: 38
Views: 2235

Re: Using donor advised fund to diversify stock with large capital gains

tj-longterm wrote:
Wed Jun 13, 2018 12:47 pm
Our accountant suggested that if we don't want to donate it all at once, we should consider putting it in a donor advised fund.
The only thing better than that plan would have been to do it prior to Dec.31.2017, assuming you were and are in the highest federal tax bracket.
by AlphaLess
Sat Jun 16, 2018 7:46 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 186
Views: 15473

Re: Top Shelf Liquor Overrated?

I’ve been comparing: Gordon’s Gin to Blue Sapphire Evan Williams Bourbon to Maker’s Mark Smirnoff Vodka to Grey Goose Kirkland Canadian Whiskey to Crowne Royale Kirkland Cognac to Remy Martin In most of these examples a half gallon is the same price as a fifth of the more expensive liquor. They are...
by AlphaLess
Sat Jun 16, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Last 10 years Stock market Returns - for benchmarking
Replies: 3
Views: 386

Re: Last 10 years Stock market Returns - for benchmarking

I'm new to investing. When I check any stock/index/ETFs average annual returns charts, I see that past 10 years was really good for stock market after the recession. So technically most of the securities show higher positive (+) returns from the past 10 years. But when we look at the returns rate f...
by AlphaLess
Sat Jun 16, 2018 5:13 pm
Forum: Investing - Theory, News & General
Topic: Flaw in Logic? CD ladder instead of bond funds
Replies: 63
Views: 4501

Re: Flaw in Logic? CD ladder instead of bond funds

I'm not going to suggest what you should do, but I want to correct some misleading information that's been shared in this thread. ... Kevin Good post, thanks for sharing. Is there a thread or section here at bogleheads focusing on CDs? If you search for Kevin M's posts you will find many excellent ...
by AlphaLess
Sat Jun 16, 2018 5:05 pm
Forum: Investing - Theory, News & General
Topic: Flaw in Logic? CD ladder instead of bond funds
Replies: 63
Views: 4501

Re: Flaw in Logic? CD ladder instead of bond funds

Kevin M wrote:
Fri Jun 15, 2018 8:23 pm
I'm not going to suggest what you should do, but I want to correct some misleading information that's been shared in this thread.
...
Kevin
Good post, thanks for sharing.
Is there a thread or section here at bogleheads focusing on CDs?
by AlphaLess
Sat Jun 16, 2018 4:45 pm
Forum: Investing - Theory, News & General
Topic: Flaw in Logic? CD ladder instead of bond funds
Replies: 63
Views: 4501

Re: Flaw in Logic? CD ladder instead of bond funds

Many banks are and have been so flush with demand deposits (those paying nothing or very little, like checking accounts) that they haven't needed to pay anything for money markets or even CDs This! Golden. So there is so much money on the sidelines, it is hard to imagine. BofA Chase Citi WellsFargo...
by AlphaLess
Sat Jun 16, 2018 4:12 pm
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 194
Views: 16493

Re: Life in retirement - what did you do today?

Best thing - if I may recommend - is to move to a place with a high walk score. That typically means a large city. And that's exactly what I did today. In the morning I had an Improv class near DuPont Circle and then walked back to Arlington. It was a bit warm. If I were more disciplined, I would h...
by AlphaLess
Sat Jun 16, 2018 3:44 pm
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 194
Views: 16493

Re: Life in retirement - what did you do today?

Best thing - if I may recommend - is to move to a place with a high walk score. That typically means a large city. And that's exactly what I did today. In the morning I had an Improv class near DuPont Circle and then walked back to Arlington. It was a bit warm. If I were more disciplined, I would h...
by AlphaLess
Sat Jun 16, 2018 3:32 pm
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 194
Views: 16493

Re: Life in retirement - what did you do today?

Not to paint a non rosy picture but it's not always rainbows and flowers. My mother is 85 and she is in pretty decent health for her age. She worked until she was in her 70's (selling real estate) and this allowed her to constantly be busy and talking to other people. She now lives in an apartment ...
by AlphaLess
Sat Jun 16, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: A vehicle that "sits up" but can't afford CRV
Replies: 63
Views: 5073

Re: A vehicle that "sits up" but can afford CRV

She should look at the Hyundai, Kia, Ford, and GM products in the same class, and consider buying one of those gently used (at least 2 years old to get the best deals). Those brands depreciate faster than Hondas, Toyotas, and Subarus (and even Nissans and Mazdas), so are a better deal used than new...
by AlphaLess
Sat Jun 16, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Long time retirees: how much do you really need?
Replies: 12
Views: 3325

Re: Long time retirees: how much do you really need?

I've been retired for about 4 years and I get these questions all the time. First of all I tell everybody, "There is never enough money or the right time". IMHO, just track expenses last two years before retirement, it gives you a rough idea. We have no debt and keep a good cash flow. It's actually...
by AlphaLess
Sat Jun 16, 2018 9:29 am
Forum: Investing - Theory, News & General
Topic: 1 Year Rule - Not allowed to execute new investment strategy until 1 year has passed
Replies: 27
Views: 2435

Re: 1 Year Rule - Not allowed to execute new investment strategy until 1 year has passed

Why 1 year? Because it's long and prevents you from reacting to short term performance of your funds, asset classes falling in and out of favor, or some flashy idea you just read about. For example, reits may be down recently, leading you to reevaluate holding them in the first place. So you may be...
by AlphaLess
Sat Jun 16, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: Anyone with a paid off house drop homeowners insurance
Replies: 79
Views: 5694

Re: Anyone with a paid off house drop homeowners insurance

Every year I have the same dilemma. My home insurance is due for renewal next month. And I just hate writing a check for $700 a year for a house appraised at approx. $240,000 when I could self insure if the whole thing burned down. And I basically I don't trust insurance companies, they are out to ...
by AlphaLess
Sat Jun 16, 2018 9:26 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50577

Re: How much money do you want to retire?

Thank you for the comment. However, I do believe that the point I was making would not be affected by the type of simulation. If you are shooting for 99% chance of success over 45 years, with $5MM in assets, then in the top 10,20% of the time you are shooting to have hundreds of millions in assets....
by AlphaLess
Wed Jun 13, 2018 11:25 pm
Forum: Personal Consumer Issues
Topic: Anyone with a paid off house drop homeowners insurance
Replies: 79
Views: 5694

Re: Anyone with a paid off house drop homeowners insurance

Every year I have the same dilemma. My home insurance is due for renewal next month. And I just hate writing a check for $700 a year for a house appraised at approx. $240,000 when I could self insure if the whole thing burned down. And I basically I don't trust insurance companies, they are out to ...
by AlphaLess
Wed Jun 13, 2018 10:21 pm
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 16114

Re: Should I take possession of a certified mail?

Thank you for all the great responses. Yet to pick up the letter. Will do that in the next couple of days when I get some time to visit the post office. Will report back. Thank you. Yeti. The NEXT COUPLE OF DAYS??? :shock: We're hanging by our knuckles waiting to hear what's in the certified letter...
by AlphaLess
Wed Jun 13, 2018 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Role of Annuity For Savers Who have 20+ years until Retirement
Replies: 32
Views: 2268

Re: Role of Annuity For Savers Who have 20+ years until Retirement

Recently, an insurance agent recommended me Athene Ascent 10 Bonus 2.0 Fixed Indexed Annuity with option 1 (https://d2zhgehghqju...63f1bcca7e8.pdf ). His selling points are 1) the average return for stock market is going to be lower (~5%) than the last 9 bull market years with high volatility 2)bon...
by AlphaLess
Sun Jun 10, 2018 9:44 pm
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 8868

Re: Indexing will fail investors in next decade

First time I've ever seen somebody recommend investing in water. Not sure how I would do that. Do I need my own water tower or can I pay a reservoir to store some for me. Who knows; it's not like that stuff just falls from the sky for free. Taking investors for my new crypto currency based on water...
by AlphaLess
Sun Jun 10, 2018 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11481

Re: MD&P just purchased X / sold Y [md&pharmacist]

Have you compared the return of the same trade using Interactive Brokers Portfolio Margin and creating 2.5X exposure using QQQ? I just did a very rough calc of your trade using QQQ, buying $150k with equity, margin of $300k for $450k total exposure on Feb 8. After taking out interest costs for 4 mo...
by AlphaLess
Sun Jun 10, 2018 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11481

Re: Stay the course

Besides I think even Taylor Larimore posts his trades here on the forum. The last one he made was a few years ago, so maybe you missed it. Wow. Taylor Larimore trades? I want in on that information, please! Bogleheads: Each year I sell shares of my Total Bond Market Index Fund in my IRA to meet RMD...
by AlphaLess
Sun Jun 10, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11481

Re: MD&P just purchased X / sold Y [md&pharmacist]

livesoft wrote:
Sun Jun 10, 2018 9:08 pm
^Screen captures can be faked, so they add nothing to the time stamp of the post that announced the trade.
True. Also, the OP can voluntarily sign a paper instructing his broker to deliver duplicate statements (e.g., trade confirmations) to a designated arbiter.
by AlphaLess
Sun Jun 10, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11481

Re: MD&P just purchased X / sold Y [md&pharmacist]

Why no options or portfolio margin instead of using levered funds? Or, why not futures, for example? How do you manage liquidity risk in a market sell off of a thinly traded fund like DXQLX? Bingo! Have you factored in the costs for the underlying swaps that DXQLX to determine the full ER? This is ...
by AlphaLess
Sun Jun 10, 2018 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11481

Re: MD&P just purchased X / sold Y

DXQLX vs. category: https://www.marketwatch.com/investing/fund/dxqlx With due respect, the category for DLQLX would be all 2x leveraged funds for NASDAQ-100. From a quantitative finance point of view, DLQLX needs to be examined using these two criteria: - how well it is tracking its objective (2x N...
by AlphaLess
Sun Jun 10, 2018 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11481

Re: MD&P just purchased X / sold Y [md&pharmacist]

livesoft wrote:
Sun Jun 10, 2018 7:15 pm
Besides I think even Taylor Larimore posts his trades here on the forum. The last one he made was a few years ago, so maybe you missed it.
Wow. Taylor Larimore trades?
I want in on that information, please!
by AlphaLess
Sun Jun 10, 2018 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11481

Re: MD&P just purchased X / sold Y

This is going to be a great thread, so thanks for the attempt. But a problem is that just posting a trade is not going to be helpful to others. We kinda of need to have the trade posted as it happens and the percentage of your total portfolio that the trade entails. I can see running a total-market...
by AlphaLess
Sun Jun 10, 2018 8:44 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 153
Views: 14397

Re: 2018 Hedge Fund contest

you would think that the average fund in our group would be -2.5% since it is net long 0.5 (i.e. half) of a stock pick. Instead, our group is up +2%, showing we are outperforming our beta-adjusted benchmark by nearly 5%. Nice! You can see the current status of this comparison on the "data" tab of t...
by AlphaLess
Sun Jun 10, 2018 8:40 pm
Forum: Investing - Theory, News & General
Topic: TLH (tax loss harvesting) and ESPP. And betterment real?
Replies: 19
Views: 1345

Re: TLH (tax loss harvesting) and ESPP. And betterment real?

livesoft wrote:
Wed Jun 06, 2018 11:25 am
international001 wrote:
Wed Jun 06, 2018 11:22 am
Ok.. so I'm doomed
Perhaps the only way you are doomed is if you stop learning.
Could not stop laughing at that one!
by AlphaLess
Sun Jun 10, 2018 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10057

Re: Why do we work?

KlangFool wrote:
Sun Jun 10, 2018 7:24 pm
Why do you need a job to make the world a better place? There are many other ways to make the world a better place.
KlangFool
BINGO!
by AlphaLess
Sun Jun 10, 2018 8:22 pm
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 194
Views: 16493

Re: Life after FIRE

When I read the title of this post, I rushed here to offer my condolences (as I thought your house caught fire).
I am guessing, FIRE means something else.
by AlphaLess
Sun Jun 10, 2018 8:20 pm
Forum: Personal Consumer Issues
Topic: House sale by owner - Problems & Pitfalls?
Replies: 30
Views: 1584

Re: House sale by owner - Problems & Pitfalls?

Reasons why an FSBO might be sub-optimal: - you may mis-price your house, in either direction (although, it is more likely that you will overprice your house), - marketing reach might be limited, - you may undervalue your house (different from under-pricing it) by not maximizing its 'show' value. Cl...
by AlphaLess
Sun Jun 10, 2018 8:16 pm
Forum: Personal Consumer Issues
Topic: House sale by owner - Problems & Pitfalls?
Replies: 30
Views: 1584

Re: House sale by owner - Problems & Pitfalls?

Here is my opinion based on my experience. I pay the fee because for me there is corresponding value. - Realtors provide at least some filter to qualify who it is that visits your home - Realtors bring customers who otherwise probably will not actually come by either because they rely on their real...
by AlphaLess
Sun Jun 10, 2018 8:14 pm
Forum: Personal Consumer Issues
Topic: House sale by owner - Problems & Pitfalls?
Replies: 30
Views: 1584

Re: House sale by owner - Problems & Pitfalls?

When we sell our house, we want to do the sale ourselves in conjunction with our lawyer rather than use a real estate agent (savings approx. $12K). I would appreciate comments by folks who did execute a 'sale by owner' and the problems / pitfalls they encountered. Thank you. Questions: - what perce...
by AlphaLess
Sun Jun 10, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads' College Philosophy question
Replies: 68
Views: 3583

Re: Bogleheads' College Philosophy question

AlphaLess, 1) My family is special. Many in my family (my side and my wife side) are either autistic or very smart or both. The school was never good enough. For example, my brother-in-law was the top 10 high school student in my country. 2) My family is very famous too. The family history goes bac...
by AlphaLess
Sun Jun 10, 2018 8:11 pm
Forum: Personal Consumer Issues
Topic: The effect of a difficult last name on employment prospects...
Replies: 43
Views: 3514

Re: The effect of a difficult last name on employment prospects...

lotusflower wrote:
Sun Jun 10, 2018 7:05 pm
AlphaLess wrote:
Sun Jun 10, 2018 6:40 pm
Some last names have a really cool sound to them:

- oil: Chevron, Exxon,
Wat?
I was just making sure that somebody is paying attention, so I planted a spy there :)
Apparently, you were.
by AlphaLess
Sun Jun 10, 2018 8:10 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 153
Views: 14397

Re: 2018 Hedge Fund contest

^^^ Chanos is a structural short seller. He teaches some investing classes, and in his finals, he asks the class to go through quarterly statements, including balance sheet, income statement, and cash flow statements, and find fraud or very obvious obfuscations. And then he takes short positions bas...
by AlphaLess
Sun Jun 10, 2018 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 456
Views: 100619

Re: Anyone regret paying off mortgage early?

A lot of people might consider where we live a high cost of living area, but I would disagree. Our mortgage is $500K, and we live beyond comfortably. With a 2.75% interest rate, we only have $14K a year of interest. But it is also hard to generate a lot of mortgage interest because there is a mortg...
by AlphaLess
Sun Jun 10, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10057

Re: Why do we work?

This thread seems to be constantly moving around the goal post. The difference in a $6k and a $3k audio system might not discernible for any but the extreme audiophiles. If you want to throw out crazy low numbers, like $7k/year, I spent that much on health insurance alone when I was on COBRA. I tho...
by AlphaLess
Sun Jun 10, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10057

Re: Why do we work?

For the vast majority of the hoi polloi, the simple fact that they spend any money they get, so they need a constant income stream to avoid destitution. For the Boglehead elite, probably three major categories. 1. The excessively cautious - will the $3.7 million really tide me over until my pension...
by AlphaLess
Sun Jun 10, 2018 6:40 pm
Forum: Personal Consumer Issues
Topic: The effect of a difficult last name on employment prospects...
Replies: 43
Views: 3514

Re: The effect of a difficult last name on employment prospects...

Some last names have a really cool sound to them: - food industry: McDonalds, - banking: Morgan, Salomon, Goldman, Lehman (I guess need a man at the end), - oil: Chevron, Exxon, - law: Sullivan, Cromwell, Skadden, Wachtel, Sidley, In my industry, if you have an Eastern European or Chinese last name,...
by AlphaLess
Sun Jun 10, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 456
Views: 100619

Re: Anyone regret paying off mortgage early?

^^^ Thanks. Make sense. A lot of people might consider where we live a high cost of living area, but I would disagree. Our mortgage is $500K, and we live beyond comfortably. With a 2.75% interest rate, we only have $14K a year of interest. But it is also hard to generate a lot of mortgage interest b...
by AlphaLess
Sun Jun 10, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads' College Philosophy question
Replies: 68
Views: 3583

Re: Bogleheads' College Philosophy question

Good summary, Klang. One question: - do you think you can outline a repeatable formula, based on your family's experience, on how to become successful and affluent without going to college? AlphaLess, 1) For anyone that is on this forum, the person is successful in his/her career/business to a cert...
by AlphaLess
Sun Jun 10, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 55, what's the magic number
Replies: 104
Views: 12765

Re: Retire at 55, what's the magic number

I’d be worried about health insurance costs. For me, 33x expenses(including discretionary expenses)- (ss x 2) - (20k state pension at 62) + 30k for health from 55-65. Wouldn’t living expenses include healthcare? I think many folks working for employees who provide pooled health coverage see heavily...
by AlphaLess
Sun Jun 10, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Moved Family Across Country for New Job and Job is now gone
Replies: 27
Views: 6450

Re: Moved Family Across Country for New Job and Job is now gone

OP: very sorry to hear about this unfortunate situation. This is the one big risk with job moves, especially those involving relocations. When I change jobs, I went out of my way to put as many stipulations as possible. Even if you are able to start the job, but, say, they fire or lay you off in a s...
by AlphaLess
Sun Jun 10, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: Harry Browne Permanent Portfolio Discussion (Cont'd)
Replies: 659
Views: 151754

Re: Harry Browne Permanent Portfolio Discussion (Cont'd)

Does anyone know where to get a copy of Harry Browne’s old radio show segments? The old radio archive site links seem to be broken... or are they working for anyone else? https://www.harrybrowne.org/Archives/Archives.htm It would be nice to listen to them and get more of his perspective. I thought ...
by AlphaLess
Sun Jun 10, 2018 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10057

Re: Why do we work?

I will throw-in my 2 cents. Working is modern day slavery. In the days of slavery, most slaves worked so that they could earn their freedom. Once freed, they would work for themselves. There are some deep parallels between that and working-to-retire schemes in modern day. We work because: - society ...
by AlphaLess
Sun Jun 10, 2018 4:04 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 153
Views: 14397

Re: 2018 Hedge Fund contest

Tanelorn jumped into 1st place this week with a spectacular decline in his single short pick, Ominto (OMNT). Tanelorn Capital investors are up about 65% currently. Wow, Tanelorn, what a pick: - undiversified (onlye 1 pick), - short (harder to pick shorts, especially in a bull market), - currently, ...
by AlphaLess
Sun Jun 10, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 153
Views: 14397

Re: 2018 Hedge Fund contest

Tanelorn wrote:
Sun Feb 11, 2018 7:39 pm
you would think that the average fund in our group would be -2.5% since it is net long 0.5 (i.e. half) of a stock pick. Instead, our group is up +2%, showing we are outperforming our beta-adjusted benchmark by nearly 5%.
Nice!
Whatever happened to that market efficiency argument?