Search found 708 matches

by AlphaLess
Fri Oct 19, 2018 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Transfer VTSAX & VTIAX to Chase You Invest?
Replies: 26
Views: 1785

Re: Transfer VTSAX & VTIAX to Chase You Invest?

60K UR points are like $900, tax free No- expect a 1099. Their Ts & Cs say as much. I agree it might be worth the hassle anyway and will be interested to hear people's transfer experiences (especially what paperwork is required - MSG or not, etc - since I don't have easy access to such). Ah, ok, th...
by AlphaLess
Thu Oct 18, 2018 12:18 am
Forum: Investing - Help with Personal Investments
Topic: Transfer VTSAX & VTIAX to Chase You Invest?
Replies: 26
Views: 1785

Re: Transfer VTSAX & VTIAX to Chase You Invest?

I am looking to take advantage of the Chase Sapphire banking 60,000 UR points offer going on, where they require 75K in assets moved to Chase You Invest platform. I currently have around this much with Vanguard in both VTSAX & VTIAX. Is it possible to transfer these funds "in kind" to Chase, avoidi...
by AlphaLess
Thu Oct 18, 2018 12:15 am
Forum: Investing - Theory, News & General
Topic: Top stocks of 2000 trail the market over the next 18 years
Replies: 37
Views: 2364

Re: Top stocks of 2000 trail the market over the next 18 years

Excellent observation.
Except for MSFT, the rest are companies that stopped innovating.

So, what does that research say about today's top 5 tech companies:

AAPL
AMZN
GOOG
MSFT
FB
CSCO
INTC

BTW, the first 3 make up nearly 1/3 of QQQ.
by AlphaLess
Wed Oct 17, 2018 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Did you retire because you hit your number?
Replies: 63
Views: 5264

Re: Did you retire because you hit your number?

I asked for a review from Bogleheads ( 2 years ago) and it seemed like I could retire if desired. Kept working. Last year an early retirement package was offered. I took it and retired with good severance. I wasn’t happy with work, was physically tired and when the package was offered, it seemed li...
by AlphaLess
Wed Oct 17, 2018 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Did you retire because you hit your number?
Replies: 63
Views: 5264

Re: Did you retire because you hit your number?

Hitting my number was only one of many factors. I retired a year and a half after qualifying for an unreduced pension and that was about two years after hitting my number. The biggest factor for me was not financial, rather personal and emotional. My father died at age 70.5 six months after he reti...
by AlphaLess
Wed Oct 17, 2018 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Did you retire because you hit your number?
Replies: 63
Views: 5264

Re: Did you retire because you hit your number?

When I hit the Mega Million lottery, I will retire. Guaranteed :)
by AlphaLess
Sun Oct 14, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity "FidSafe" Free online storage of documents - is this safe?
Replies: 26
Views: 6477

Re: Fidelity "FidSafe" Free online storage of documents - is this safe?

inbox788 wrote:
Tue Aug 30, 2016 2:21 pm
Security is huge, and the ability for a bad actor to access these documents is a bit unnerving. And if this is where the valuable data is, you can bet they'll be targeted.
Yup. It will get hacked one day.
by AlphaLess
Sat Oct 13, 2018 10:34 pm
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 187
Views: 14243

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

Very detailed blog post by the "Mad Fientist". That is from 2015. For the mostest on Early Retirement SWR: https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-to-safe-withdrawal-rates-part-1-intro/ with articles from late 2016 to summer 2018 so far. The series is an absolute must-read for ...
by AlphaLess
Sat Oct 13, 2018 9:56 pm
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 4613

Re: Is EMH a tautology?

If you're going to try to take down the theory, you'd probably better start with the primary research and not the encyclopedia version. There is over a century's worth of literature on the topic (and the 1970 paper by Fama, for which he won the nobel prize, is THE most cited paper in financial econ...
by AlphaLess
Sat Oct 13, 2018 9:17 pm
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 4613

Re: Is EMH a tautology?

EMH is an incomplete and imprecise statement. From Wikipedia: "The efficient-market hypothesis (EMH) is a theory in financial economics that states that asset prices fully reflect all available information. A direct implication is that it is impossible to "beat the market" consistently on a risk-adj...
by AlphaLess
Sat Oct 13, 2018 9:06 pm
Forum: Personal Consumer Issues
Topic: Best business credit card
Replies: 6
Views: 484

Re: Best business credit card

I would recommend the Amex Platinum for Business. Ann Fee: $450, but they rebate $200 / a year in travel expenses (hard to use, but there are ways). Also, with the Amex Platinum for Business, your MR points are worth 50% more when used for travel, even existing ones, and even those you acquire on yo...
by AlphaLess
Sat Oct 13, 2018 8:50 pm
Forum: Personal Consumer Issues
Topic: Lost Power for 24 hours - what food to toss?
Replies: 38
Views: 2488

Re: Lost Power for 24 hours - what food to toss?

If you did not open your freezer, probably everything is OK.

Fridge: different story.

We could literally toss everything in our fridge out and not miss a thing.
Fridge turnover is a lot.
by AlphaLess
Sat Oct 13, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 70
Views: 5351

Re: Weigh in on our Marital Argument =)-- HCOL edition

I literally spent the night before my wedding sleeping in the car when her family traveled from southern CA. I still remember my mom scolding me when we visited once and I woke up early to buy her an egg sandwich for breakfast. I told her it was $3.50 and she couldn't believe I wasted that kind of ...
by AlphaLess
Sat Oct 13, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 70
Views: 5351

Re: Weigh in on our Marital Argument =)-- HCOL edition

Tough situation.

Making $320K in NYC, with a kid. Wow. That's rough.

Need to look for out-of-box solutions.

E.g., when grandparents visit, get them an Air-BNB.
by AlphaLess
Fri Oct 12, 2018 8:28 pm
Forum: Personal Consumer Issues
Topic: Which one: Lyft or Uber?
Replies: 44
Views: 2846

Re: Which one: Lyft or Uber?

Both.
by AlphaLess
Thu Oct 11, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: What did you buy today
Replies: 108
Views: 7497

Re: What did you buy today

ChipKnox wrote:
Wed Oct 10, 2018 6:03 pm
Why does a 3% drop constitute an opportunity? Ten percent, I get it, but a 3% drop? What is your definition of "opportunity"?
Measured from the recent high, the drop is more than 3%. Not quite 10%.
by AlphaLess
Thu Oct 11, 2018 7:20 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7401
Views: 1551493

Re: U.S. stocks in freefall

... Keep in mind that higher interest rates plus a stronger US economy will make the US Dollar more attractive for foreigners to hold. Rising interest rates are a factor in a higher dollar though of course other things are in play. So what I am saying is counterintuitive. But if you think it throug...
by AlphaLess
Thu Oct 11, 2018 7:16 pm
Forum: Investing - Theory, News & General
Topic: Diversifying with a zero-correlation, zero-return volatile asset
Replies: 66
Views: 3536

Re: Diversifying with a zero-correlation, zero-return volatile asset

In expectation, a typical customer will LOSE money. And gladly, in most cases. Can you imagine "improving your return"? I'll schedule a major accident every year so the insurance company doesn't "make money" off of me. Yes, you could. Moral hazards aside, if the following held true: - insurance com...
by AlphaLess
Thu Oct 11, 2018 8:38 am
Forum: Investing - Theory, News & General
Topic: Diversifying with a zero-correlation, zero-return volatile asset
Replies: 66
Views: 3536

Re: Diversifying with a zero-correlation, zero-return volatile asset

- it is known that the total dollar value of the checks that Warren might write to you is strictly lower than the total value of checks that you write to Warren. But why add this condition? I was with you right up until that point. Easy! Because Warren is making money. Put another way: if Warren st...
by AlphaLess
Wed Oct 10, 2018 11:05 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7401
Views: 1551493

Re: U.S. stocks in freefall

CULater wrote:
Wed Oct 10, 2018 8:48 pm
I have studied this matter in great detail over many years and can explain what happened today: traders were more motivated to be sellers of stocks than buyers of stocks. One of these was right.
I have a slightly different explanation:
- there were more sell orders than buy orders.

/s
by AlphaLess
Wed Oct 10, 2018 11:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7401
Views: 1551493

Re: U.S. stocks in freefall

I think what is happening is that interest rates are moving, so far in October the yield on the 10 year treasury has moved up from 3.09% to 3.22%. Pretty good move in just 10 days! The 30 year US Treasury has moved from a yield of 3.24% to 3.39%. That is a fairly big move in a few days. No one know...
by AlphaLess
Wed Oct 10, 2018 11:00 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7401
Views: 1551493

Re: U.S. stocks in freefall

pokebowl wrote:
Wed Oct 10, 2018 10:59 pm
AlphaLess wrote:
Wed Oct 10, 2018 10:57 pm
Indeed.
Get ready for more pain tomorrow.
Looking at the futures currently, confirmed drop into the Earth's core continues tomorrow.
Indeed, indeed! Fun times ahead.
The rides down are much more fun and exciting, compared to the boring rides up.
by AlphaLess
Wed Oct 10, 2018 10:58 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7401
Views: 1551493

Re: U.S. stocks in freefall

I was just looking at the implied open of the DJ and it went from -350 to -1200 and then right back to -370 a minute later. Anyone know what that means or if that is common? someone trading after hours got owned :) no clue.. just kidding Check futures prices. https://www.bloomberg.com/markets/stock...
by AlphaLess
Wed Oct 10, 2018 10:57 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7401
Views: 1551493

Re: U.S. stocks in freefall

aqan wrote:
Wed Oct 10, 2018 5:58 pm
Any turbulence and you can couton this thread to be on the top. Every one gets spooked so easily here.
Indeed.
Get ready for more pain tomorrow.
by AlphaLess
Wed Oct 10, 2018 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: If I retire to a State that has no State taxes...
Replies: 46
Views: 7336

Re: If I retire to a State that has no State taxes...

BTW: Many FT RV folks use income tax free SD since it only requires one overnight per LIFETIME to become a resident (be careful to NOT trigger residency in another state (rules vary by state). It has become a pain, in that you currently have to return to SD to renew your DL every several yrs. I wou...
by AlphaLess
Wed Oct 10, 2018 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: If I retire to a State that has no State taxes...
Replies: 46
Views: 7336

Re: If I retire to a State that has no State taxes...

If i retire to a State that has no state taxes, I wont pay any state taxes on my RMDs and long term capital gain that I exercise after moving to that state. Is that correct? If so, how long do I need to live in the state to be considered a resident and pay no state taxes on RMDs/capital gain? Might...
by AlphaLess
Wed Oct 10, 2018 10:54 pm
Forum: Investing - Theory, News & General
Topic: 5 ways target-date funds let investors down
Replies: 38
Views: 3419

Re: 5 ways target-date funds let investors down

Didn't read article but just off the top of my head: (1) Can't utilize placement of assets based on tax efficiency across all accounts (bonds in tax advantaged accounts only for example); moreoever, (1B) some people can genuinely withstand 100/0 AA in the beginning. 10% bonds at the beginning of th...
by AlphaLess
Wed Oct 10, 2018 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: Taking advantage of the current correction
Replies: 28
Views: 3575

Re: Taking advantage of the current correction

RBD rebalancers, rejoice.
It is going to be another down day tomorrow.
E-minis are down close to 1% in the Asia session.
by AlphaLess
Wed Oct 10, 2018 10:02 pm
Forum: Investing - Theory, News & General
Topic: When will you backup the truck on stocks
Replies: 95
Views: 8252

Re: When will you backup the truck on stocks

Elysium wrote:
Wed Oct 10, 2018 6:28 pm
What is your back up the truck point?
If stocks go down 90%, I will back up my truck.

I mean, literally, I will sell our car, and buy stocks.
by AlphaLess
Wed Oct 10, 2018 9:59 pm
Forum: Investing - Theory, News & General
Topic: Diversifying with a zero-correlation, zero-return volatile asset
Replies: 66
Views: 3536

Re: Diversifying with a zero-correlation, zero-return volatile asset

triceratop wrote:
Wed Oct 10, 2018 12:49 am
AlphaLess wrote:
Tue Oct 09, 2018 11:16 pm
Do you play this game with Warren?
Yes: my Uncle, let's call him "Sam", told me to. Persuasive fellow.
Are you sure it is Uncle Sam, and not Uncle Harris(burg) of the Pennsylvania fame?
by AlphaLess
Wed Oct 10, 2018 9:57 pm
Forum: Investing - Theory, News & General
Topic: Diversifying with a zero-correlation, zero-return volatile asset
Replies: 66
Views: 3536

Re: Diversifying with a zero-correlation, zero-return volatile asset

- it is known that the total dollar value of the checks that Warren might write to you is strictly lower than the total value of checks that you write to Warren. But why add this condition? I was with you right up until that point. This condition is not true of insurance. For a company to be profit...
by AlphaLess
Wed Oct 10, 2018 9:52 pm
Forum: Investing - Theory, News & General
Topic: Diversifying with a zero-correlation, zero-return volatile asset
Replies: 66
Views: 3536

Re: Diversifying with a zero-correlation, zero-return volatile asset

- it is known that the total dollar value of the checks that Warren might write to you is strictly lower than the total value of checks that you write to Warren. But why add this condition? I was with you right up until that point. Easy! Because Warren is making money. Put another way: if Warren st...
by AlphaLess
Wed Oct 10, 2018 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?
Replies: 42
Views: 4409

Re: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?

No disagreement. But security is a continuum or spectrum, right? Zero security on one end (white), perfect security on the other (black), and many shades of grey in between. I will concede that perfect security ("true black") is not obtainable, but does that mean we shouldn't try? My point is, to m...
by AlphaLess
Wed Oct 10, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?
Replies: 42
Views: 4409

Re: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?

Again, why is this restriction in place? Why can't I see directly from the CRAs all of this detailed information as often as I want? It is, after all, detailed information about me, and a system in which I have no means from which I can opt-out. To me, it looks like an awful lot of people profit fr...
by AlphaLess
Wed Oct 10, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?
Replies: 42
Views: 4409

Re: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?

Is that always true in 100% of cases? What if the person working at the restaurant where I last used that credit card wrote down the number and my name. Then went to the "dark web" and bought the rest of my personally identifying information so they could execute their scam? Every data breach (be i...
by AlphaLess
Wed Oct 10, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?
Replies: 42
Views: 4409

Re: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?

WageSlave wrote:
Wed Oct 10, 2018 1:29 pm
Given all the technical issues the CRAs have had, how can we trust that what we are seeing is accurate? What's to stop them from offering a "premium inquiry service" where inquiries are made but not shown in the report?
The law.
by AlphaLess
Wed Oct 10, 2018 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: Taking advantage of the current correction
Replies: 28
Views: 3575

Re: Taking advantage of the current correction

livesoft wrote:
Wed Oct 10, 2018 3:19 pm
Somebody had to be buying today since for every seller, there is a buyer. :)
Vanguard, State Street, Fidelity are all buying today.
Just like every day.
by AlphaLess
Tue Oct 09, 2018 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: You're in the Top 1% if you have $2.5 million
Replies: 21
Views: 3402

Re: You're in the Top 1% if you have $2.5 million

HEDGEFUNDIE wrote:
Tue Oct 09, 2018 11:50 pm
I can guarantee you the top 1% of net worth in this country is a lot higher than $2.5M.
Yup!

https://dqydj.com/net-worth-brackets-we ... e-percent/

$10MM to be in 1%. And that is old data.
by AlphaLess
Tue Oct 09, 2018 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: You're in the Top 1% if you have $2.5 million
Replies: 21
Views: 3402

Re: You're in the Top 1% if you have $2.5 million

That's what this article states. Pretty low bar for one-percenters, isn't it? https://finance.yahoo.com/news/apos-much-money-top-1-141200348.html Ah, so disappointing. How do I become part of 0.1%? Also: yahoo is not a trusty source for news or data. However, given how reasonable these numbers are,...
by AlphaLess
Tue Oct 09, 2018 11:16 pm
Forum: Investing - Theory, News & General
Topic: Diversifying with a zero-correlation, zero-return volatile asset
Replies: 66
Views: 3536

Re: Diversifying with a zero-correlation, zero-return volatile asset

c) The coin-flip adds risk without adding any return, and reduces the risk-adjusted return for both of you. P: random variable (portfolio) B: random variable (bet). Var (P + B) = Var ( P ) + 2 * Cov ( P,B) + Var ( B) By the design of the problem, Cov ( P,B) = 0 {let's say we can muster up an iPhone...
by AlphaLess
Tue Oct 09, 2018 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?
Replies: 42
Views: 4409

Re: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?

In this case, the advice to lock is merely to disallow Experian to monetize user's data. Unfortunately, none of them have an "opt out" feature. And even if they did, do you trust them to really remove your data? Is it possible to get a report from them that shows not only who is querying your data,...
by AlphaLess
Mon Oct 08, 2018 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating properties in your Net Worth?
Replies: 10
Views: 966

Re: Calculating properties in your Net Worth?

until you sell it, it is a stab in the dark. I own a condo in a complex where all the units are the same floor plan. The last three sales in the complex, of pretty equally renovated units, were 210k, 250k, 230k. So how much is mine? Online estimates for mine range from $240k - $270k (?? -- we've ne...
by AlphaLess
Mon Oct 08, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating properties in your Net Worth?
Replies: 10
Views: 966

Re: Calculating properties in your Net Worth?

until you sell it, it is a stab in the dark. I own a condo in a complex where all the units are the same floor plan. The last three sales in the complex, of pretty equally renovated units, were 210k, 250k, 230k. So how much is mine? Online estimates for mine range from $240k - $270k (?? -- we've ne...
by AlphaLess
Mon Oct 08, 2018 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: NFCU and PenFed CU offering 24-mo CDs at 3% APY
Replies: 4
Views: 796

Re: NFCU and PenFed CU offering 24-mo CDs at 3% APY

I am glad to see that 2 and 3 year treasuries are basically at 2.9% to 3% now: https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield This will go one of two ways: - 2Yr will go higher than the 10Yr. That generally predicts recession, - 10Yr will go...
by AlphaLess
Mon Oct 08, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?
Replies: 42
Views: 4409

Re: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?

Join the class action lawsuit when it starts. What would that achieve? Free credit monitoring for a year. Well, considering how many hacks our data has been subject to, we are probably entitled to gazillion free credit monitorings (sic). Unfortunately, after the first one, the remaining add zero va...
by AlphaLess
Sun Oct 07, 2018 10:24 pm
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 5542

Re: Is an emergency fund just about market timing?

sambb wrote:
Sun Oct 07, 2018 10:23 pm
emergency fund is some of the worst advice ive received here, defintely has hurt my returns
Upvote.
by AlphaLess
Sun Oct 07, 2018 10:23 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 100
Views: 12065

Re: Larry Swedroe: Be Prepared For Losses

I have a female relative whose emergency fund is a 14 carat diamond ring. LOL. The diamond is so unusually large amongst our social circles that everyone assumes it's just costume jewelry. To which she responds that's excellent! she has never once been stopped at any airport worldwide. I know a cou...
by AlphaLess
Sun Oct 07, 2018 10:21 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 100
Views: 12065

Re: Larry Swedroe: Be Prepared For Losses

Garco wrote:
Fri Oct 05, 2018 11:21 am
To meet my RMD, I have about 2 years of distributions in CASH (money market fund), and >50% of the remainder in a variety of fixed-income investments.
Do you mind explaining what is the connection between having 2-years of distros in Cash and meeting RMDs?
I am not following.

TIA
by AlphaLess
Sun Oct 07, 2018 10:12 pm
Forum: Personal Consumer Issues
Topic: What are your strategies when shopping for a house?
Replies: 38
Views: 3339

Re: What are your strategies when shopping for a house?

Oh, boy, I think you are working with poor professionals. Last agent we worked with added significant value. She showed us 100+ properties in several neighborhoods. This was over about 7 or 8 days. She had printed handouts with an agenda. Agenda showed a calendar (which house / when / high level det...