Search found 38 matches

by bogivan
Fri Oct 23, 2020 7:58 am
Forum: Investing - Theory, News & General
Topic: PayPal will let customers buy cryptocurrencies and use them for online payments
Replies: 26
Views: 2093

Re: PayPal will let customers buy cryptocurrencies and use them for online payments

...The article says you'll be buying the token via Paypal - so they'll know where the money is coming from in the first place. They'll be buying the crypto and then issuing it to the user (or partnering with someone else to do so)... I see no reference to "tokens" in the article, but as you describ...
by bogivan
Wed Oct 21, 2020 8:07 pm
Forum: Investing - Theory, News & General
Topic: PayPal will let customers buy cryptocurrencies and use them for online payments
Replies: 26
Views: 2093

Re: PayPal will let customers buy cryptocurrencies and use them for online payments

...The article says you'll be buying the token via Paypal - so they'll know where the money is coming from in the first place. They'll be buying the crypto and then issuing it to the user (or partnering with someone else to do so)... I see no reference to "tokens" in the article, but as you describ...
by bogivan
Wed Oct 21, 2020 10:45 am
Forum: Investing - Theory, News & General
Topic: PayPal will let customers buy cryptocurrencies and use them for online payments
Replies: 26
Views: 2093

Re: PayPal will let customers buy cryptocurrencies and use them for online payments

Payment processors have been available for many years. It was only last year that we were being told that SPEDN was the big mainstream breakthrough. What is special about this, just that it's PayPal doing it? Right, a massive magnitude larger: by one metric, "100,000,000+" app installs on Google Pl...
by bogivan
Wed Oct 14, 2020 10:32 am
Forum: Personal Finance (Not Investing)
Topic: buying property owned by former(?) felon
Replies: 36
Views: 5109

Re: buying property owned by former(?) felon

The property is raw land, so it is not their home address Ahhh: In this case, I would not be afraid of any problems besides the highly unlikely stuff that could arise with any former owner. Asset forfeiture wouldn't apply at all (unless you have reason to believe they're cooking meth on the land or...
by bogivan
Mon Oct 12, 2020 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: buying property owned by former(?) felon
Replies: 36
Views: 5109

Re: buying property owned by former(?) felon

It would likely have to be a very bizarre series of circumstances for there to be problems with the transfer of the title. Depending on your state's civil asset forfeiture laws, in theory there could be an improbable situation where there is a raid on the house at the same time of the house closing ...
by bogivan
Tue Sep 29, 2020 10:36 am
Forum: Personal Investments
Topic: Contribute to HSA and invest - but with high fees?
Replies: 13
Views: 631

Re: Contribute to HSA and invest - but with high fees?

HSAs are superior to Roth IRAs so you should probably try to max out an HSA first. If you are intending on maxing out the balance yearly starting next year and you have access to quality, low- fee funds, $2.90 is a pain, but by maxing your contributions you should quickly reach an account size where...
by bogivan
Sun Sep 27, 2020 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Friend on the verge of financial ruin, how to help?
Replies: 137
Views: 15703

Re: Friend on the verge of financial ruin, how to help?

One possible suggestion that avoids a lot of the gifting pitfalls discussed here is to invite her on a free vacation with you or you+husband. You could even claim that you got a "Buy One/Two, Get One Free" deal or travel voucher that you need to use before it expires to reduce any awkwardness or con...
by bogivan
Sun Sep 27, 2020 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Friend on the verge of financial ruin, how to help?
Replies: 137
Views: 15703

Re: Friend on the verge of financial ruin, how to help?

Giving your friend money won t really help with her underlying problem which is poor money management with no savings. A monetary gift may actually make things worse by creating an expectation during the next financial crisis. Continue with advice. I agree with this. It is commendable to want to he...
by bogivan
Tue Sep 22, 2020 4:37 pm
Forum: Non-US Investing
Topic: I am looking for a crypto-broker! Where do you buy your bitcoin/etherum/etc?
Replies: 26
Views: 2800

Re: I am looking for a crypto-broker! Where do you buy your bitcoin/etherum/etc?

As an oldster Boglehead, I suggest you forego the urge to speculate in crypto. Sooner or later, it will go south. If you’re that speculative, find a nice Nigerian prince and take your chances with him. :sharebeer I have come to the conclusion some lessons cannot be taught They have to be learned Th...
by bogivan
Sun Sep 20, 2020 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: 2 passports- traveling between US and Canada help
Replies: 17
Views: 1324

Re: 2 passports- traveling between US and Canada help

Will there be a problem going back and forth from Canada to Point Roberts? There won't be a problem as far as getting in (neither side can stop you since you're dual citizen), but note the current Covid quarantine restrictions. If you go back to Canada for a visit while those are still in place, bo...
by bogivan
Wed Sep 16, 2020 1:06 pm
Forum: Investing - Theory, News & General
Topic: You are probably invested in Bitcoin now
Replies: 36
Views: 3046

Re: You are probably invested in Bitcoin now

Jack FFR1846 wrote: Wed Sep 16, 2020 12:57 pm SCHB, and the like? I don't see it in the SCHB "all holdings".
Yes, it looks like SCHB owns at least a half a million dollars worth of MSTR (page 49 if sorting in reverse by ticker)
by bogivan
Wed Sep 16, 2020 8:28 am
Forum: Investing - Theory, News & General
Topic: You are probably invested in Bitcoin now
Replies: 36
Views: 3046

Re: You are probably invested in Bitcoin now

Serious disconnect here - 1. MSTR has a market cap of $30 Million $1.5B And you’ll note the stock skyrocketed on this announcement Okay, but the point remains that from the data of Nisi’s search tool (Q-2?), MSTR had some $400M in invested assets and a $30M market cap. Not exactly a ringing endorse...
by bogivan
Wed Sep 16, 2020 8:20 am
Forum: Investing - Theory, News & General
Topic: You are probably invested in Bitcoin now
Replies: 36
Views: 3046

Re: You are probably invested in Bitcoin now

I would imagine VTI already held some Bitcoin via Square as they've been quite active in crypto for a while now. True, though I don't believe Square tries to hold bitcoin or, at least, I don't believe they publicly state their intention to keep any for themselves and don't split it out on their bal...
by bogivan
Tue Sep 15, 2020 9:30 pm
Forum: Investing - Theory, News & General
Topic: You are probably invested in Bitcoin now
Replies: 36
Views: 3046

Re: You are probably invested in Bitcoin now

In all seriousness -- this is no sillier than the phenomenon of a few years ago, when iced tea manufacturer microcaps would "pivot to blockchain" and spike 200% overnight. I think a 1.5 billion market cap, NASDAQ-listed company putting 2-8 microcap-sized companies worth of their excess cash into bi...
by bogivan
Tue Sep 15, 2020 8:49 pm
Forum: Investing - Theory, News & General
Topic: You are probably invested in Bitcoin now
Replies: 36
Views: 3046

You are probably invested in Bitcoin now

For those that are new, welcome to the cryptocurrency club! :sharebeer MicroStrategy, Inc, a NASDAQ-listed business intelligence company, has now exchanged over $400 million cash into bitcoin to hold as a primary treasury reserve - nearly a third of the market cap of the company. “This is not a spec...
by bogivan
Sun Sep 13, 2020 12:36 pm
Forum: Personal Investments
Topic: Fidelity Bitcoin Index Fund
Replies: 71
Views: 6364

Re: Fidelity Bitcoin Index Fund

In addition all those investing options that are not regulated by the SEC could easily steel or defraud your coins and run just like so many previous companies have done in the past. Coinbase where you say they hold their coins at are not immune from fraud and theft. What’s possible is that some in...
by bogivan
Sun Sep 13, 2020 11:39 am
Forum: Personal Investments
Topic: Fidelity Bitcoin Index Fund
Replies: 71
Views: 6364

Re: Fidelity Bitcoin Index Fund

I've struck out most of my posting above, bogivan. But am I right that it's not a mutual fund or ETF, therefore not an "index fund" as the forum generally uses the term, and can't be bought through a regular brokerage account via the regular procedure you would use to buy the Total Stock Market Ind...
by bogivan
Sun Sep 13, 2020 10:54 am
Forum: Personal Investments
Topic: Fidelity Bitcoin Index Fund
Replies: 71
Views: 6364

Re: Fidelity Bitcoin Index Fund

If we were in the 1800s, a lot of people in this forum would be the ones wagging their fingers at those who were heading to the scary, wild west and would be the ones focused solely on the news articles about frontier dangers instead of attempting to understand the possibilities or the reasons why s...
by bogivan
Sat Sep 12, 2020 5:32 pm
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 349
Views: 23658

Re: Winklevoss: The Case for $500,000 Bitcoin

For assets being stored long-term in offline wallet though, why wouldn't you just destroy the hardware wallet and remember the seedphrase as a matter of practice? Hardware wallets sometimes have a PIN code to unlock so that simply gaining physical access isn't necessarily enough for someone else to...
by bogivan
Sat Sep 12, 2020 4:18 pm
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 349
Views: 23658

Re: Winklevoss: The Case for $500,000 Bitcoin

Remembering 12-24 words is all you need and can store all of your wealth (more words, more security, but 12 is sufficient for short term storage). That should be easy to get across a border The passcode is not the issue. You may have a passcode to a confiscated exchange. Maybe I'm misunderstanding ...
by bogivan
Sat Sep 12, 2020 3:28 pm
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 349
Views: 23658

Re: Winklevoss: The Case for $500,000 Bitcoin

If a country is in a state where a law-abiding citizen has to leave, I would not assume they will be able to buy giftcards or have access to payment card processing to use them (which has clearinghouses and uses the banking system by the way). I think the protection you think you have with this is ...
by bogivan
Sat Sep 12, 2020 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Financial advisor
Replies: 45
Views: 4929

Re: Would you fire your financial advisor for this error?

Although the advisor is mentioned only infrequently on this forum, I have not read anything bad about this advisor, who charges her about 50 basis points per year and has provided solid financial advice for over 10 years until recently. Have you searched for the firm and, probably more importantly,...
by bogivan
Sat Sep 12, 2020 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Near number but not at retirement age
Replies: 36
Views: 3142

Re: Near number but not at retirement age

My full time job is stressful and taking a toll. Would love to cut back but have reservations. Can you cut the stress back at the current job or is it not the kind of profession where that is possible? When I approached my number, I began creating more firm boundaries around what kind of stress I w...
by bogivan
Sat Sep 12, 2020 12:54 am
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 349
Views: 23658

Re: Winklevoss: The Case for $500,000 Bitcoin

You use words like SHA-1 and ECDSA which to be honest with you have no meaning for me and I’m sure for most other readers here. What’s makes them different or special with regards their importance. They are just 2 different computer algorithms. The previous poster was speculating that the computing...
by bogivan
Fri Sep 11, 2020 6:14 pm
Forum: Personal Investments
Topic: Unitrust advice??
Replies: 21
Views: 766

Re: Unitrust advice??

100% in dividend-producing stocks, some of them purchased 20+ years ago. My reading said part of the portfolio should produce income for Generation A and the rest of the portfolio should be invested more aggressively to keep the principal juiced for Generation B. This makes sense, but I have no ide...
by bogivan
Fri Sep 11, 2020 4:45 pm
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 349
Views: 23658

Re: Winklevoss: The Case for $500,000 Bitcoin

An irony here is that Bitcoin transactions are de facto signed with public-key encryption, and Bitcoin mining is doing searches that can compromise individual public-private key pairs. Perhaps it is designed so that there is no overlap. There is no overlap and no ironic possibility of self-inflicte...
by bogivan
Fri Sep 11, 2020 3:00 pm
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 349
Views: 23658

Re: Winklevoss: The Case for $500,000 Bitcoin

Power use isn't directly related to the Bitcoin ledger, transaction size... Right. Those operations are adding value to society in some way. Bitcoin mining does not add value other than avoiding administrative control, which is not an objective of many actual bitcoin investors. Bitcoin would no lon...
by bogivan
Fri Sep 11, 2020 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Difficulty obtaining bitcoins
Replies: 17
Views: 2373

Re: Difficulty obtaining bitcoins

This, thank you. I only invested $20 and was wondering if there’s anyone who knows how I could get it back. All of you mentioning FDIC need to chill out. I emailed coinapult and they said they’re looking into it Glad to hear they're checking on it! From what I recall Coinapult was one of the more t...
by bogivan
Thu Sep 10, 2020 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: What Are the Actual Fees and Fee Types at Edward Jones?
Replies: 20
Views: 3159

Re: What Are the Actual Fees and Fee Types at Edward Jones?

I'm so glad to see this thread! It has suddenly become a point of interest for me, as I have just become the family member assigned to watching over our elderly relative's financial matters. So, today, we set down with his Edward Jones account, and I got a look at it. I will by no means be looking ...
by bogivan
Thu Sep 10, 2020 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Difficulty obtaining bitcoins
Replies: 17
Views: 2373

Re: Difficulty obtaining bitcoins

I know where my mutual fund shares are. they're at Vanguard. (sorry, hope that snarky comment wasn't too toxic. been accused of that lately. of course there isn't an end to these posts until people stop playing with their money and start really investing). There are plenty of opportunities on these...
by bogivan
Thu Sep 10, 2020 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Difficulty obtaining bitcoins
Replies: 17
Views: 2373

Re: Difficulty obtaining bitcoins

So I just remembered that I purchased bitcoins back in 2012 and I’m trying to obtain them. Does anyone have any experience doing this? I have a confirmation email from Bitinstant isn’t a confirmation and order number. I also have an email from coinapult telling me that my bitinstant was deposited. ...
by bogivan
Thu Sep 10, 2020 8:08 am
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 349
Views: 23658

Re: Winklevoss: The Case for $500,000 Bitcoin

Am I correct to understand when bitcoin rate halved earlier this year, the hash rate halved which means it requires twice as long to get the same amount of coins which means it takes twice as much energy to get the same amount of coins? The halving doesn't impact the hash rate, but instead halves t...
by bogivan
Wed Sep 09, 2020 9:29 pm
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 349
Views: 23658

Re: Winklevoss: The Case for $500,000 Bitcoin

Chopping up your response to address different parts: Also with every transaction the blockchain increases in size which means not only does it get bigger and bigger which is a problem of its own, but so does the energy required to store and transmit that data. It is obvious that storing 10 bytes ta...
by bogivan
Wed Sep 09, 2020 7:24 pm
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 349
Views: 23658

Re: Winklevoss: The Case for $500,000 Bitcoin

I could only imagine the amount of power will be required to manage a ledger that increases its transactions 10 fold. Not to mention there will be another halving in 2024 on top of the ever increasing complexity of solving the computation. I wonder how much juice would be required then. I think thi...
by bogivan
Wed Sep 09, 2020 5:31 pm
Forum: Personal Investments
Topic: Attending CU Annual Meeting - Suggestions/What To Expect
Replies: 15
Views: 1399

Re: Attending CU Annual Meeting - Suggestions/What To Expect

Were you able to ask questions and/or provide feedback or suggestions? In these Covid Zoom conference time, there was no feedback/suggestion period at my CU's meeting: they asked for emailed questions to be followed up on later. I was disappointed as it defeats the purpose of a public meeting for m...
by bogivan
Thu Oct 12, 2017 8:21 am
Forum: Personal Investments
Topic: Charitable trust aggressive asset allocation and impact on personal investments
Replies: 14
Views: 1413

Re: Charitable trust aggressive asset allocation and impact on personal investments

I think you are underestimating the cost & burden of dealing with such a trust for decades The burden doesn't seem much worse - in many ways much easier - than dealing with small business accounting which I don't have a problem with. At any point I can hand the management to a corporate trustee if ...
by bogivan
Sun Oct 08, 2017 1:17 pm
Forum: Personal Investments
Topic: Charitable trust aggressive asset allocation and impact on personal investments
Replies: 14
Views: 1413

Re: Charitable trust aggressive asset allocation and impact on personal investments

Why would I do this? I know it is probably unusual for someone my age, but I believe it is a perfect fit for the current situation: The investments are low cost basis, so my attempts at diversifying are generating huge 90%+ capital gains (long-term, but any additional diversification at this point i...
by bogivan
Sun Oct 08, 2017 10:41 am
Forum: Personal Investments
Topic: Charitable trust aggressive asset allocation and impact on personal investments
Replies: 14
Views: 1413

Charitable trust aggressive asset allocation and impact on personal investments

I am in the middle of setting up a Charitable Remainder Unitrust (CRUT). I am naming myself as trustee to make sure fees aren't a drag. I will be paid 5% of the assets every year until my death (which should be many years as I am in my 30s) and then the charity gets whatever remains. I am creating a...