Search found 922 matches

by infecto
Tue Jul 19, 2011 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Sewer Assessments are Stinky
Replies: 14
Views: 3529

You are going to have to run the numbers to really figure it out... Yearly cost of a septic system and yearly cost of paying for the sewer usage fees. Then kick it out for however many year you think you might be living there. Pick the cheapest option. As for where to put the money....If you want to...
by infecto
Sun Jul 17, 2011 9:06 pm
Forum: Personal Consumer Issues
Topic: Netflix Poll
Replies: 106
Views: 13153

One thing to consider about this whole Neflix price increase: IT'S STILL CHEAP! The increase is whopping in percentage terms, but it's still only about 4 gallons of gasoline for each month both streaming and DVDs. In the BIG scheme, it's too small to worry about really. Netflix went from being an o...
by infecto
Sun Jul 17, 2011 9:03 pm
Forum: Personal Consumer Issues
Topic: Netflix Poll
Replies: 106
Views: 13153

I knew this would happen. Netflix comes around and offers very cheap unlimited DVD's by mail. Everyone signs up. The retail stores lose business and go bankrupt. Now there's no real competition (except Redbox, which has very limited selections), so Netflix hikes the rates. Expect another rate hike ...
by infecto
Sat Jul 02, 2011 2:50 pm
Forum: Investing - Theory, News & General
Topic: Market spike (July 1, 2011)
Replies: 21
Views: 3049

Around 75% of all equity market volume these days is high-frequency trading computers buying and selling shares back and forth. I'm guessing a bunch of computers got the "buy" signal at 10 AM, which caused "buy" signals to trigger on other computers, etc. Cascading effect all day. You could not be ...
by infecto
Fri Jul 01, 2011 10:03 pm
Forum: Investing - Theory, News & General
Topic: Market spike (July 1, 2011)
Replies: 21
Views: 3049

Around 75% of all equity market volume these days is high-frequency trading computers buying and selling shares back and forth. Source? -DDB The Financial Times: "The Tabb Group, a consultancy, recently estimated that high-frequency trading accounts for as much as 73 per cent of US daily equity vol...
by infecto
Fri Jul 01, 2011 9:58 pm
Forum: Investing - Theory, News & General
Topic: Market spike (July 1, 2011)
Replies: 21
Views: 3049

Not spike then jump. So did everyone hit the buy button at the same time this morning and continue buying? My google intra-day chart makes it look that way. Around 75% of all equity market volume these days is high-frequency trading computers buying and selling shares back and forth. I'm guessing a...
by infecto
Fri Jul 01, 2011 9:31 pm
Forum: Investing - Theory, News & General
Topic: Market spike (July 1, 2011)
Replies: 21
Views: 3049

Not spike then jump. So did everyone hit the buy button at the same time this morning and continue buying? My google intra-day chart makes it look that way. Around 75% of all equity market volume these days is high-frequency trading computers buying and selling shares back and forth. I'm guessing a...
by infecto
Fri Jul 01, 2011 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of switching careers into accounting: thoughts?
Replies: 21
Views: 3572

To be an accountant you need to like numbers and analysis. To be a good accountant you need to be able to explain the results in terms everyone else can understand. I have about 15 financial analysts/accountants working for me right now. Almost all of them are under 40, and many are under 30. You w...
by infecto
Thu Jun 30, 2011 7:19 pm
Forum: Investing - Theory, News & General
Topic: Would you leave $100 million in a bank savings account?
Replies: 22
Views: 3648

There's a nice scene in the book The Greatest Trade Ever. The book is primarily about John Paulson's hedge fund that made billions betting against subprime loans and the like. Pellegrini is one of the architects of the bet: http://i55.tinypic.com/347gxs6.jpg Yea its not too hard to win when you des...
by infecto
Mon Jun 27, 2011 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Paypal stops paying interest on 7/29
Replies: 14
Views: 2524

I wonder what will happen when interest rates eventually go higher? As a person who only occasionally buys, and even more rarely receives funds (actually just got some gifts for our wedding), I never saw any reason to keep ANY funds in the paypal account, since transfers were instant when backed wi...
by infecto
Sun Jun 26, 2011 9:55 pm
Forum: Investing - Theory, News & General
Topic: Suze Orman saying something goofy yet again
Replies: 33
Views: 5389

....and so it begins again. I wish we could just have 1 sticky post for orman and let people complain away in it.
by infecto
Mon Jun 20, 2011 9:46 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin: What is it, in Plain English
Replies: 116
Views: 20468

The second narrative is set in the present day with descendants of the first narrative's characters employing cryptologic, telecom and computer technology to build an underground data haven in the fictional Sultanate of Kinakuta. Their goal is to facilitate anonymous Internet banking using electron...
by infecto
Mon Jun 20, 2011 9:44 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin: What is it, in Plain English
Replies: 116
Views: 20468

Re: Bitcoin: What is it, in Plain English

Not that btc is the next big thing buts thats a bit of an ignorant statement. First, its crude to call those that use btc are internet libertarians or criminals. Its also a difficult comparison to say its a ponzi scheme. I am not here trying to sell the idea of btc or to even say its a good idea bu...
by infecto
Mon Jun 20, 2011 7:24 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin: What is it, in Plain English
Replies: 116
Views: 20468

Re: Bitcoin: What is it, in Plain English

I'm far less certain that bitcoin is a ponzi scheme. It may be in a bubble to be sure, but there's a 1% chance that this is the Next Big Thing. The key to currency is the connection between the medium of exchange and value. Far from the Silk Road connection being a disadvantage, it could prove to b...
by infecto
Mon Jun 20, 2011 7:18 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin: What is it, in Plain English
Replies: 116
Views: 20468

Re: Bitcoin: What is it, in Plain English

A ponzi scheme for internet libertarians or a way for criminals to launder money. Or both. Not that btc is the next big thing buts thats a bit of an ignorant statement. First, its crude to call those that use btc are internet libertarians or criminals. Its also a difficult comparison to say its a p...
by infecto
Mon Jun 20, 2011 9:08 am
Forum: Investing - Theory, News & General
Topic: IPO material information
Replies: 3
Views: 418

The IPO prospectus would likely detail these things. But quite honestly its meaningless. All that matters is float. LinkedIn, Pandora all these recent Round 2.0 dotcom bubble stocks have had low float and thats the only reason for their stupid valuations and rise in price when trading opens. Good o...
by infecto
Mon Jun 20, 2011 9:04 am
Forum: Investing - Theory, News & General
Topic: Tiger 21
Replies: 9
Views: 2076

I would rather take my $25k first time fee and $5k yearly and join the Bohemian Club.
by infecto
Sun Jun 19, 2011 11:30 pm
Forum: Investing - Theory, News & General
Topic: Orman says "No to Target Funds"
Replies: 101
Views: 14377

For a little more detail on Suze Orman's stand on bond funds, including such funds in work retirement plans, here is a link to one of her columns: http://au.pfinance.yahoo.com/b/moneymatters/23/mutual-funds-for-the-rest-of-us That article is from September 2005. Since then, she has stopped recommen...
by infecto
Sun Jun 19, 2011 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Bitcoin Bubble Burst?
Replies: 31
Views: 5840

As far as I know this is how it went down. Hacker gains access to MTGox account list. The passwords are hashed but I am guessing not salted. Finds account with large BTC holding. Tries to empty account but MTGox has a $1k withdrawal limit. Then decides to flood the market with cheap BTC that he can ...
by infecto
Sun Jun 19, 2011 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Bitcoin Bubble Burst?
Replies: 31
Views: 5840

The IT community is of the belief that the $500k bitcoin loss story is fabricated. Do you have a link to a story confirming that this is the IT community's belief? I also see Slashdot is discussing Bitcoin Price Crashes , referencing a story about a site experiencing Huge Bitcoin sell off due to a ...
by infecto
Sat Jun 18, 2011 9:10 pm
Forum: Personal Consumer Issues
Topic: Meat Glue
Replies: 21
Views: 3386

My main issue as usual is that it does not have to be labeled. If they say its safe and want to sell it, go for it. It would be nice however to know what you are buying.
by infecto
Sat Jun 18, 2011 4:16 pm
Forum: Personal Consumer Issues
Topic: Buying Bicycles
Replies: 30
Views: 3449

If your daughter is only riding a few miles there is really no benefit over a mountain bike. You can throw some slick tires on it but its really about as good as it gets for a few miles. To even think of doing 30-50 miles you are going to want a road bike but remember your riding position is going ...
by infecto
Sat Jun 18, 2011 2:18 pm
Forum: Personal Consumer Issues
Topic: Buying Bicycles
Replies: 30
Views: 3449

If your daughter is only riding a few miles there is really no benefit over a mountain bike. You can throw some slick tires on it but its really about as good as it gets for a few miles. To even think of doing 30-50 miles you are going to want a road bike but remember your riding position is going t...
by infecto
Wed Jun 15, 2011 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Bitcoin Bubble Burst?
Replies: 31
Views: 5840

Noobvestor wrote:
nisiprius wrote:Can someone recommend a good bitcoin ETF? :)
I'm looking for the double-inverse one personally :twisted:
Hey I cannot complain. Made a few thousand so far.
by infecto
Wed Jun 15, 2011 7:51 pm
Forum: Personal Consumer Issues
Topic: Did I get overcharged for carpentry, or did I misunderstand?
Replies: 9
Views: 1760

Depends on how large the shed is but I do not think its necessarily out of this world.

IMO the hourly price of a storm door <> building a shed.
by infecto
Wed Jun 15, 2011 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Renter, First Time Not Paying
Replies: 72
Views: 12269

Wouldn't it be nice if you could call your bank and make partial payments on the mortgage with no penalties? If the guy can't afford to live in your unit, he should leave. This guy is living on the edge of financial disaster. Any perturbation of his economic equilibrium and he will be under water. ...
by infecto
Wed Jun 15, 2011 9:13 am
Forum: Personal Finance (Not Investing)
Topic: (Sail) Boats for Bogleheads
Replies: 32
Views: 3852

Like any hobby it can be as cheap or as expensive as you want.
by infecto
Wed Jun 15, 2011 8:54 am
Forum: Personal Consumer Issues
Topic: Kitchen Sink Disposals
Replies: 2
Views: 592

This is the biggest difference imo, sound and grind/chop (whatever its considered) quality.

Usually a lowes or Hdepot will have the sound display. The insinkerator is generally not as loud.
by infecto
Wed Jun 15, 2011 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Bitcoin Bubble Burst?
Replies: 31
Views: 5840

Noobvestor wrote:Nice to know BitCoins are also really safe :roll:

http://www.reddit.com/r/geek/comments/h ... s_machine/
Of course if security on your computer is breached you are SOL. Common sense always prevails.
by infecto
Tue Jun 14, 2011 12:51 pm
Forum: Personal Consumer Issues
Topic: Motor oil, 5W20 vs 5W30
Replies: 33
Views: 15612

Re: best for mileage or best for engine life

Amsoil website has a lot to say about oil weight. If you want what's best for your engine life, use 30 weight. If you want what's best for your mileage, use 20 weight. I will use 30 weight. No offense, but this is plain wrong. Honda, for example, would never take the chance of destroying its reputa...
by infecto
Tue Jun 14, 2011 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Bitcoin Bubble Burst?
Replies: 31
Views: 5840

The bitcoin bubble did not burst. The major marketplace that accepted bitcoins, Silk Road, had its servers go down due to the unexpected surge in new traffic. Consequently the primary source of demand for btc dried up and the price quickly fell. It was back up in about a day, but is no longer accep...
by infecto
Mon Jun 13, 2011 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Hybrid - is it worth it?
Replies: 86
Views: 8683

I drive about 95% highway miles, but I consistently get in the 44-49 MPG range depending on the weather conditions. I usually drive 5-10 MPG under the speed limit which definitely helps. Steve, It's important to note that your MPG gain by driving 5 to 10 MPH below the posted speed limit is not a "f...
by infecto
Wed Jun 08, 2011 10:45 am
Forum: Investing - Theory, News & General
Topic: Pimco Takes Bath on Lehman
Replies: 15
Views: 2153

Not sure. I do know that we can start to PROSPECTIVELY follow him any day you like. From then on do the comparison. One can't compare past results of somebody known to be "good" because they are known to be good because they had good results. I guess my issue is your whole basis is from this articl...
by infecto
Thu Jun 02, 2011 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: What does the phrase short position mean?
Replies: 7
Views: 673

Short position is when you borrow the asset from another owner and sell it. Then when you exit the position you buy the position back to return to the owner. If the market price went down you profit, up you lose. While the trading does fall under the SEC its not as if a short position is any differe...
by infecto
Fri May 27, 2011 9:41 am
Forum: Personal Consumer Issues
Topic: First time trip to Europe
Replies: 48
Views: 5142

My #1 advice is pick one country and stick to it. Unless you are backpacking around for months its impossible to realistically try and visit multiple countries in a 2 week period. Sure, you can do it but its going to be rushed and a lot of time will be spent wasted traveling.
by infecto
Fri May 27, 2011 9:37 am
Forum: Investing - Theory, News & General
Topic: Pension taken in Forex Trades
Replies: 21
Views: 2217

I wonder how much the pension fund can be expected to know. This is a US pension fund, so I see little reason for them to have intimiate knowledge of forex markets or trading prices. How is this different from you and me buying Corporate Bonds from a broker? It is well known that brokers mark up th...
by infecto
Thu May 26, 2011 9:45 pm
Forum: Investing - Theory, News & General
Topic: Pension taken in Forex Trades
Replies: 21
Views: 2217

You must have misunderstood. I never said that just because you are doing something to make money, make its right. Sure, its possible that the bank misrepresented itself but these types of standing-instruction programs are all the same.There is nothing special about these types of accounts and they...
by infecto
Thu May 26, 2011 5:51 pm
Forum: Investing - Theory, News & General
Topic: Pension taken in Forex Trades
Replies: 21
Views: 2217

I honestly have a hard time believing the bank misrepresented themselves. Or at least enough so that a pension fund as large as this would be that easily fooled. I don't. Remember what UBS did? Told town treasurers that they could put money, money which was legally required to be kept in "cash," in...
by infecto
Thu May 26, 2011 9:13 am
Forum: Investing - Theory, News & General
Topic: Warren Buffet, Great or Lucky?
Replies: 64
Views: 7510

Re: Luck or skill

I think Warren is a combination of skill and luck. He was at the right time with the right skills with an abundance of luck. A lot of the early Ben Graham students became wealthy. I believe it was a lot easier to find value for someone who wanted to work. The markets were slower and less efficient....
by infecto
Thu May 26, 2011 9:07 am
Forum: Personal Consumer Issues
Topic: Portable diesel generators
Replies: 2
Views: 446

If its not being used on a regular basis I do not think the cost of a diesel is worth it. My 2 cents.
by infecto
Thu May 26, 2011 12:19 am
Forum: Personal Consumer Issues
Topic: New mattress...
Replies: 35
Views: 5710

I am always in the minority but I choose to purchase my bedding material from select clean latex suppliers that also sell cotton toppers. The dirty secret with the modern mattress is federal regulations require them to douse the materials in flame retardants (thats why they smell, along with other p...
by infecto
Thu May 26, 2011 12:11 am
Forum: Personal Consumer Issues
Topic: Vegetable gardening
Replies: 97
Views: 14712

Rock the garden, tomatoes are so easy and rewarding.
by infecto
Thu May 26, 2011 12:00 am
Forum: Investing - Theory, News & General
Topic: Pension taken in Forex Trades
Replies: 21
Views: 2217

I wonder why an organization as large as that wouldn't have the sophistication to make sure that the institution making so many trades for it was acting as a fiduciary. I wonder if they just assumed that they were or if they asked and were told yes but didn't get it in writing. BearWolf I honestly ...
by infecto
Wed May 25, 2011 11:40 pm
Forum: Investing - Theory, News & General
Topic: Pension taken in Forex Trades
Replies: 21
Views: 2217

Thought it was a little skimp on the details but I cannot help but feel that the funds are crying wolf when they are the ones that agreed to the terms. 1. What type of agreements do these funds have with the bank? Maybe its just me but I always thought with currency execution the bank can pretty muc...
by infecto
Wed May 04, 2011 6:44 pm
Forum: Personal Consumer Issues
Topic: Cheeseburgers Vs. Hamburgers
Replies: 77
Views: 7809

Grind meat.

Grate cheese into meat.

Mix meat and form into patties.

Cook.
by infecto
Wed May 04, 2011 6:27 pm
Forum: Personal Consumer Issues
Topic: Do you change the engine oil yourself?
Replies: 78
Views: 8846

I 'm surprised that Honda recommends a filter change every other oil change, maybe they want to sell you a new engine at 150,000 miles? Mine has 306,000 miles and runs fine, clean under the valve cover too. This kind of thinking is whats wrong. You do realize they run these engines before releasing...
by infecto
Wed May 04, 2011 10:32 am
Forum: Personal Finance (Not Investing)
Topic: How I made Millions in Real Estate ...and you can too!
Replies: 63
Views: 8040

When I read this thread I get this impression that Real Estate is this no muss easy money...which it is not. Owning rental property is a business like any other.
by infecto
Tue May 03, 2011 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: How I made Millions in Real Estate ...and you can too!
Replies: 63
Views: 8040

Other than my personal home all my properties are 464 to 3000+ miles away. I probably average less than an hour a month for each property. I keep tenants long term. I may miss out on a little rent to keep them happy but I think I come out ahead by having 0 vacancy. Does that include researching and...
by infecto
Tue May 03, 2011 10:03 pm
Forum: Personal Consumer Issues
Topic: Really loud hardwood floors
Replies: 11
Views: 3250

Thanks for all of the help Infecto. What do you think is a good way to find a great general contractor? Make sure they are licensed. Bring in as many people as you can. The more you talk to the more you learn about your floors. Talk to at least 8-10 contractors. At the end of the 'interview', you w...
by infecto
Tue May 03, 2011 10:00 pm
Forum: Personal Consumer Issues
Topic: Really loud hardwood floors
Replies: 11
Views: 3250

I've had some limited success with loose hardwood floors squeaking as one walks across them. It makes no difference what kind of shoes or not you are wearing. Even barefooted doesn't make a difference because the problem is loose boards rubbing up against each other. Spread some talcum powder into ...