Search found 3502 matches

by HEDGEFUNDIE
Tue Nov 12, 2019 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 48
Views: 2697

Re: Homebuying in Los Angeles - Advice Needed

Usually rent is higher than PITI, which is why 5k is a “steal” in relative terms. Not in my experience. If I’m “throwing away” less money on mortgage interest and taxes than on rent, then buying is the better deal. Possibly, to you , but that's a terrible metric when making comparisons across the c...
by HEDGEFUNDIE
Tue Nov 12, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare offer experience
Replies: 92
Views: 8837

Re: Timeshare offer experience

I think most valuations by the travel guru bloggers or folks at Flyer Talk would put a point valuation at 1/2 cent. I will book on points whenever I can get a valuation of more than 1 cent a point at a high end hotel. And most points junkies will say, the best values for points are in 5 night trave...
by HEDGEFUNDIE
Tue Nov 12, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 48
Views: 2697

Re: Homebuying in Los Angeles - Advice Needed

Not sure why people are saying $5k rent on $1.25M is a steal. By my calculations, PITI on a $1M mortgage is only $6k. Buying is the steal. Usually rent is higher than PITI, which is why 5k is a “steal” in relative terms. Not in my experience. If I’m “throwing away” less money on mortgage interest a...
by HEDGEFUNDIE
Tue Nov 12, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 48
Views: 2697

Re: Homebuying in Los Angeles - Advice Needed

Not sure why people are saying $5k rent on $1.25M is a steal. By my calculations, PITI on a $1M mortgage is only $6k. Buying is the steal. Usually rent is higher than PITI, which is why 5k is a “steal” in relative terms. Not in my experience. If I’m “throwing away” less money on mortgage interest a...
by HEDGEFUNDIE
Tue Nov 12, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 48
Views: 2697

Re: Homebuying in Los Angeles - Advice Needed

Not sure why people are saying $5k rent on $1.25M is a steal.

By my calculations, PITI on a $1M mortgage is only $6k.

Buying is the steal.
by HEDGEFUNDIE
Tue Nov 12, 2019 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare offer experience
Replies: 92
Views: 8837

Re: Timeshare offer experience

100,000 Marriott points might get you 3 hotel nights in London,but probably 2.A mid level hotel is 35,000 points a night.Those 100,000 points do not cover much in terms of flights if you convert them. The points are worth $1,000. Whether that is worth the 90 min of timeshare pitching is up to you. ...
by HEDGEFUNDIE
Mon Nov 11, 2019 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: 29yr Big 4 Tech Consultant Pursuing Higher Earning Potential
Replies: 8
Views: 1677

Re: 29yr Big 4 Tech Consultant Pursuing Higher Earning Potential

Here is your five year plan: 1. Get your MBA from a top school (2 years) 2. Get into MBB 3. Work up to Manager level (3 years) 4. Move into internal Corporate Strategy at Director level I was just speaking to a recruiter the other day for that exact role. Tech company based in San Jose. $200-225k ba...
by HEDGEFUNDIE
Mon Nov 11, 2019 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 48
Views: 2697

Re: Homebuying in Los Angeles - Advice Needed

My wife & I make $500k as well. And we pay $85k per year on a $1.2M mortgage.

Not only is it affordable, we are putting away $150k per year in savings.
by HEDGEFUNDIE
Sun Nov 10, 2019 6:52 pm
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 68
Views: 8182

Re: Long Term Bonds getting killed today

It is certainly true that if you buy individual bonds (I do) intending to hold to maturity you know exactly what you will get (ignoring the minimal default risk) — the designated interest payments plus return of par value at maturity. But I dont think its fair to say that you cant “loose money” doi...
by HEDGEFUNDIE
Sun Nov 10, 2019 5:42 pm
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 68
Views: 8182

Re: Long Term Bonds getting killed today

It is certainly true that if you buy individual bonds (I do) intending to hold to maturity you know exactly what you will get (ignoring the minimal default risk) — the designated interest payments plus return of par value at maturity. But I dont think its fair to say that you cant “loose money” doi...
by HEDGEFUNDIE
Sun Nov 10, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare offer experience
Replies: 92
Views: 8837

Re: Timeshare offer experience

I own three Marriott timeshare weeks. One is around the corner from us where we live and I get to use the resort every day I want to work out. I have another in Aruba and a third in Las Vegas. I would never, ever buy destinations points. We trade through Interval almost every year and get to go to ...
by HEDGEFUNDIE
Sun Nov 10, 2019 11:45 am
Forum: Personal Investments
Topic: Any positive feedback on being a franchisee?
Replies: 13
Views: 1209

Re: Any positive feedback on being a franchisee?

Wiggums wrote:
Sun Nov 10, 2019 11:35 am
lakpr wrote:
Sun Nov 10, 2019 11:22 am
HEDGEFUNDIE wrote:
Sun Nov 10, 2019 11:09 am
Free fast food any time you want 🍔🍟🍕🌭🌮
That is a negative, OP wanted either positive or success stories 😝
I agree. No such thing as free food. It’s all about income and expenses. Free food is an expense. Sorry.
Not if the food was going to be thrown out any way.

Ask me how I know...
by HEDGEFUNDIE
Sun Nov 10, 2019 11:09 am
Forum: Personal Investments
Topic: Any positive feedback on being a franchisee?
Replies: 13
Views: 1209

Re: Any positive feedback on being a franchisee?

Free fast food any time you want 🍔🍟🍕🌭🌮
by HEDGEFUNDIE
Sat Nov 09, 2019 10:11 pm
Forum: Personal Consumer Issues
Topic: CPO BMW 5 Series
Replies: 17
Views: 1327

Re: CPO BMW 5 Series

Bought back by the manufacturer and then purchased at auction by dealers. To be sprung on unsuspecting American consumers. It happened to me. Don’t let it happen to you. What unsuspecting American consumers? It's either branded on the title or noted on the Carfax, not to mention it's required to be...
by HEDGEFUNDIE
Sat Nov 09, 2019 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Any credit cards that can beat the Citi doublecash?
Replies: 68
Views: 9104

Re: Any credit cards that can beat the Citi doublecash?

Didn't want to start a new thread. I see this new 'points' option...am hoping this is not where Citi DC heads to.....where you cannot redeem for cash and can only buy 'items' using this points technique. Youtube Vid - Citi Double Cash Cardmembers welcome to Citi ThankYou Rewards Citi® Double Cash C...
by HEDGEFUNDIE
Sat Nov 09, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Tale of 2 doctor job opportunities
Replies: 41
Views: 3638

Re: Tale of 2 doctor job opportunities

20 patients a day is asking for burnout.
by HEDGEFUNDIE
Sat Nov 09, 2019 11:42 am
Forum: Investing - Theory, News & General
Topic: Why no one created a etf of dividend free stocks
Replies: 32
Views: 2798

Re: Why no one created a etf of dividend free stocks

Ok fine. So why is there not a passive fund of those tech stocks + Berkshire? Plus all the small caps that don’t pay dividends. The only way small caps mean anything is if you move away from market cap weighting. Which is a thing that some people do but the further you get from a vanilla S&P 500 fu...
by HEDGEFUNDIE
Sat Nov 09, 2019 11:17 am
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 68
Views: 8182

Re: Long Term Bonds getting killed today

hdas wrote:
Sat Nov 09, 2019 10:44 am
nisiprius wrote:
Sat Nov 09, 2019 6:34 am

So the question is: who should care about "long term bonds getting killed today," and why?
The LETF crowd. A chunk of this years gains was gone this week. Cheers :greedy
I went from +54% to +48%.

Yawn.
by HEDGEFUNDIE
Sat Nov 09, 2019 11:11 am
Forum: Personal Consumer Issues
Topic: CPO BMW 5 Series
Replies: 17
Views: 1327

Re: CPO BMW 5 Series

I'm not familiar with dealer buyback. Is it the same as a manufacturer buyback? Where the original customer felt something was wrong with the car. Exactly I went through such a buyback and the guy doing the paperwork (not from the dealership) told me these cars typically end up auctioned and export...
by HEDGEFUNDIE
Sat Nov 09, 2019 10:54 am
Forum: Personal Consumer Issues
Topic: FirstNet by AT&T
Replies: 14
Views: 1086

Re: FirstNet by AT&T

Hedgefundie, I'll keep this brief because I don't want get involved in answering off topic questions. You are incorrect. FirstNet was, in fact, developed for "mission critical" communication. That is point, for first responders to not be lost to communication failure. Second, not all first responde...
by HEDGEFUNDIE
Sat Nov 09, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: FirstNet by AT&T
Replies: 14
Views: 1086

Re: FirstNet by AT&T

bob60014 wrote:
Sat Nov 09, 2019 9:58 am
Compatible phones are also used on Firstnet.
Yes, smartphones for the data apps.

FirstNet was never intended for mission critical voice. That’s why you have your radio.
by HEDGEFUNDIE
Sat Nov 09, 2019 9:56 am
Forum: Personal Consumer Issues
Topic: CPO BMW 5 Series
Replies: 17
Views: 1327

Re: CPO BMW 5 Series

Mitchell777 wrote:
Sat Nov 09, 2019 4:46 am
I'm not familiar with dealer buyback. Is it the same as a manufacturer buyback? Where the original customer felt something was wrong with the car.
Exactly
by HEDGEFUNDIE
Sat Nov 09, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Mortage Refinance Opportunity- pros/cons?
Replies: 8
Views: 565

Re: Mortage Refinance Opportunity- pros/cons?

I would not extend the loan for two years for a 0.125% discount. Yes you can prepay on the original amortization schedule, but will you?

Shop around for a better rate. You can probably get sub 3.5%
by HEDGEFUNDIE
Sat Nov 09, 2019 9:52 am
Forum: Investing - Theory, News & General
Topic: Why no one created a etf of dividend free stocks
Replies: 32
Views: 2798

Re: Why no one created a etf of dividend free stocks

What happens when that stock starts paying dividends? Seems like a not so smart or long lasting criteria to me. Then you take it out of the index. Stocks get added and subtracted out of indexes all the time. There will be a massive capital gains distribution much more than all the savings from no d...
by HEDGEFUNDIE
Sat Nov 09, 2019 9:50 am
Forum: Personal Consumer Issues
Topic: FirstNet by AT&T
Replies: 14
Views: 1086

Re: FirstNet by AT&T

FirstNet is a public safety data network.

For voice, why aren’t you using your Motorola radio?
by HEDGEFUNDIE
Sat Nov 09, 2019 9:33 am
Forum: Investing - Theory, News & General
Topic: Why no one created a etf of dividend free stocks
Replies: 32
Views: 2798

Re: Why no one created a etf of dividend free stocks

There are so many etf s in the market. But no etf which is designed to hold only dividend free stocks. People sometimes ask this on Bogleheads. They seem to imagine that there are hundreds, maybe thousands of no-dividend stocks. That's not really true, especially when you look at things on a market...
by HEDGEFUNDIE
Sat Nov 09, 2019 9:30 am
Forum: Investing - Theory, News & General
Topic: Why no one created a etf of dividend free stocks
Replies: 32
Views: 2798

Re: Why no one created a etf of dividend free stocks

Lee_WSP wrote:
Sat Nov 09, 2019 9:25 am
What happens when that stock starts paying dividends? Seems like a not so smart or long lasting criteria to me.
Then you take it out of the index. Stocks get added and subtracted out of indexes all the time.
by HEDGEFUNDIE
Sat Nov 09, 2019 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Singles/DINKs in HCOL/VHCOL areas, can you please share your budget?
Replies: 14
Views: 1562

Re: Singles/DINKs in HCOL/VHCOL areas, can you please share your budget?

Unless you are sharing an apartment, that is very low rent for VHOCL
by HEDGEFUNDIE
Sat Nov 09, 2019 12:48 am
Forum: Personal Consumer Issues
Topic: CPO BMW 5 Series
Replies: 17
Views: 1327

Re: CPO BMW 5 Series

It is possible the car was originally a dealer buyback. You won’t know about it until the very last second of paperwork signing when the salesman gives you the buyback acknowledgment to sign. I own a CPO 2015 528xi. A few engine issues at the beginning covered under warranty. It’s been running smoot...
by HEDGEFUNDIE
Fri Nov 08, 2019 10:13 pm
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 68
Views: 8182

Re: Long Term Bonds getting killed today

Among people in the forum advocating the use of long-term bond funds, the commonest reason given is negative correlation with stocks. They feel confident in the persistence of negative correlation between stocks and bonds, so they use the longest-term bond vehicles they can find, so they can get th...
by HEDGEFUNDIE
Fri Nov 08, 2019 1:27 am
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 68
Views: 8182

Re: Long Term Bonds getting killed today

AHTFY wrote:
Fri Nov 08, 2019 12:47 am
strongboy2005 wrote:
Fri Nov 08, 2019 12:22 am
Volatility is good.
In that case, I'll go 60% in a 3x leveraged stock fund and 40% in EDV.
If you did, and held on for 20 years, I bet you'd be a very happy camper.
by HEDGEFUNDIE
Fri Nov 08, 2019 1:22 am
Forum: Personal Finance (Not Investing)
Topic: MBA worth it?
Replies: 95
Views: 8201

Re: MBA worth it?

Income pre-MBA: $120k
Income two years post-MBA: $260k

I'd say it was worth it!

Also, if it wasn’t for my MBA, I probably would not have launched my Excellent Adventure.
by HEDGEFUNDIE
Thu Nov 07, 2019 9:54 pm
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 68
Views: 8182

Re: Long Term Bonds getting killed today

What a day :twisted: , as of this moment: TMF - 3X Leverage LTT > -6.75% Ultrabond Futures > -2.74% (Measured from settlement) EDV (LTT Strips) > -3.52% The CBOE 30y yield index is at 2.441%....perhaps time to "wet your beak" . Cheers :greedy If "wet your beak" means buy, whoever holds TMF will iro...
by HEDGEFUNDIE
Thu Nov 07, 2019 9:42 pm
Forum: Investing - Theory, News & General
Topic: Philadelphia Inquirer reports--Vanguard cut fees, this time on 15 S&P and Russell index-based ETFs
Replies: 13
Views: 1830

Re: Philadelphia Inquirer reports--Vanguard cut fees, this time on 15 S&P and Russell index-based ETFs

abuss368 wrote:
Thu Nov 07, 2019 11:25 am
Vanguard is the only "mutual" mutual fund company.
And how does that help me, exactly?

As the post above yours indicates, it does not mean Vanguard has the lowest cost funds.
by HEDGEFUNDIE
Wed Nov 06, 2019 11:44 am
Forum: Investing - Theory, News & General
Topic: Why ever buy & hold a LT treasury?
Replies: 60
Views: 2909

Re: Why ever buy & hold a LT treasury?

LTTs have beaten stocks for the past 13 years and counting: https://www.portfoliovisualizer.com/fund-performance?s=y&symbol=PEDIX&benchmark=VFINX Ah yes, ONE instance of bonds outperforming for 13 years proves wrong OP's point about how buying and holding for 30 years LT bonds on average underperfo...
by HEDGEFUNDIE
Wed Nov 06, 2019 11:30 am
Forum: Investing - Theory, News & General
Topic: Why ever buy & hold a LT treasury?
Replies: 60
Views: 2909

Re: Why ever buy & hold a LT treasury?

LTTs have beaten stocks for the past 13 years and counting:

https://www.portfoliovisualizer.com/fun ... mark=VFINX
by HEDGEFUNDIE
Wed Nov 06, 2019 10:18 am
Forum: Investing - Theory, News & General
Topic: Robinhood, Heading for a Trainwreck?
Replies: 41
Views: 5385

Re: Robinhood, Heading for a Trainwreck?

Don't give fintech startups your money. These companies exist in a Silicon Fairytale Land where money grows on trees and losing billions every year in the name of growth is an acceptable practice. Why would they be concerned if they lose your money? +1. Stick with established reputable companies Li...
by HEDGEFUNDIE
Wed Nov 06, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: HDHP comparison
Replies: 13
Views: 517

Re: HDHP comparison

So if you hit the out of pocket max, for your plan you will have spent $700 more on the deductible and $1,000 more to get to the out of pocket max. That's a total of $1,700 more. They give $1,300, so the net there is $400 more. The premium is $32 more a pay period??? If the premium is twice a month...
by HEDGEFUNDIE
Wed Nov 06, 2019 10:14 am
Forum: Personal Finance (Not Investing)
Topic: HDHP comparison
Replies: 13
Views: 517

Re: HDHP comparison

What about physician networks and prescription drug coverage?

Another thing to double check is if either of the plans have an “insured spouse surcharge” to cover a spouse that can be covered under another plan.

If not, then yes your plan is cheaper.
by HEDGEFUNDIE
Wed Nov 06, 2019 12:41 am
Forum: Investing - Theory, News & General
Topic: An Alternate to HEDGEFUNDIE's Adventure
Replies: 19
Views: 1556

Re: An Alternate to HEDGEFUNDIE's Adventure

This resulted in a negative return and massive under performance of the portfolio for 30 years. https://i.postimg.cc/VrtQjJp7/g3fRGNS.png While I agree that there are decent arguments for the policy being favorable moving forward, it was not a risk I was comfortable with taking. I do not understand...
by HEDGEFUNDIE
Tue Nov 05, 2019 10:56 pm
Forum: Investing - Theory, News & General
Topic: Robinhood, Heading for a Trainwreck?
Replies: 41
Views: 5385

Re: Robinhood, Heading for a Trainwreck?

As with most things finance, Matt Levine has the clearest explanation of what happened here:

https://www.bloomberg.com/opinion/artic ... e-leverage
by HEDGEFUNDIE
Tue Nov 05, 2019 2:13 am
Forum: Investing - Theory, News & General
Topic: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?
Replies: 91
Views: 5236

Re: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?

Negative correlation per se cannot drive long-term portfolio returns in an essentially buy-and-hold strategy, it just smooths the journey. I disagree. The crash insurance / negative correlation by itself drives incremental return due to the rebalancing bonus. This applies even when TMF by itself de...
by HEDGEFUNDIE
Mon Nov 04, 2019 11:08 pm
Forum: Personal Investments
Topic: ESPP and RSUs
Replies: 35
Views: 1987

Re: ESPP and RSUs

Deleted
by HEDGEFUNDIE
Mon Nov 04, 2019 9:22 pm
Forum: Investing - Theory, News & General
Topic: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?
Replies: 91
Views: 5236

Re: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?

I really think HF's 1st post on the original thread is as detailed and concise as anyone needs, to understand the general strategy. The only thing I think would be an add on.... would be some kind of summary of general critiques to the strategy, and where it's weakness would lie. With the caveat th...
by HEDGEFUNDIE
Mon Nov 04, 2019 9:21 pm
Forum: Personal Investments
Topic: ESPP and RSUs
Replies: 35
Views: 1987

Re: ESPP and RSUs

You will get a tax benefit if you hold onto your ESPP shares for one year after purchase.

In my opinion, that’s not even close to compensating for the idiosyncratic risk you must bear over that period.

Sell everything as soon as you vest.
by HEDGEFUNDIE
Mon Nov 04, 2019 8:51 pm
Forum: Investing - Theory, News & General
Topic: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?
Replies: 91
Views: 5236

Re: Any interest in concise guide to HEDGEFUNDIE 3x Leveraged ETF Excellent Adventure?

I really think HF's 1st post on the original thread is as detailed and concise as anyone needs, to understand the general strategy. The only thing I think would be an add on.... would be some kind of summary of general critiques to the strategy, and where it's weakness would lie. With the caveat th...
by HEDGEFUNDIE
Sun Nov 03, 2019 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: New Job, Depressed, Money issues
Replies: 89
Views: 11579

Re: New Job, Depressed, Money issues

My advice is to sign up for a month with pluralsight and watch all the training courses relevant to your job. The courses are usually very easy to follow and will give you enough skills to be competent to keep your job. Experience will fill in the rest. Good luck. +1. If in person training by your ...
by HEDGEFUNDIE
Sun Nov 03, 2019 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1091
Views: 307099

Re: Share your net worth progression

My net worth progress 2012: ~ -$50,000 (student debt) 2013: ~ $50,000 (Sold startup) 2017: ~$500,000 (Researcher at big corp) 2019: ~$2,500,000 (Researcher at big corp) When I did a startup, I earned $50K per year, post tax. As a researcher in industry, I make ~ 30x as much on a yearly basis, with ...