Search found 3382 matches

by HEDGEFUNDIE
Mon Oct 21, 2019 3:08 pm
Forum: Investing - Theory, News & General
Topic: Merrill Edge Unlimited $0 Trades
Replies: 13
Views: 1186

Re: Narvana

I just saw that my Merrill Edge account was "upgraded" to unlimited $0 trades. Anyone noticed that too? indxfundfan: I have not made a trade in the past 10 years (probably 20 years). Just because something is free does not mean it is worthwhile. Best wishes. Taylor Jack Bogle's Words of wisdom: "Do...
by HEDGEFUNDIE
Mon Oct 21, 2019 8:41 am
Forum: Personal Investments
Topic: High income earner waiting for a bear market to start investing
Replies: 100
Views: 7438

Re: High income earner waiting for a bear market to start investing

The real puzzler with this one is thinking one can maintain that kind of income until age 75-80. Unless OP’s occupation is dictator of a small African country, I find that to be unlikely.
by HEDGEFUNDIE
Sun Oct 20, 2019 3:47 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1055
Views: 113276

Re: What frugal thing did you do today?

I also have a large, somewhat mis-sharpen head. I am sure, therefore, that I would not look good at all with my head shaved. There is an easy and no-cost way to fix your problem. First, you have to find out the angle to turn your head for the best view of your face/head in front of a mirror. Whenev...
by HEDGEFUNDIE
Sun Oct 20, 2019 10:38 am
Forum: Personal Investments
Topic: Recommend specific bond to buy instead of paying student loan
Replies: 16
Views: 1078

Re: Recommend specific bond to buy instead of paying student loan

I would keep the loan and open up an Orion Credit Union checking account paying 4% instead.
by HEDGEFUNDIE
Sun Oct 20, 2019 10:36 am
Forum: Investing - Theory, News & General
Topic: Assessing the Value of Advice
Replies: 9
Views: 1034

Re: Assessing the Value of Advice

aristotelian wrote:
Sun Oct 20, 2019 10:32 am
Lol, arguably the advice to increase international has had negative value, at least over the last 10+ years.
Make that the last 23 years; you would have been better off investing in Total Bond:

https://www.portfoliovisualizer.com/fun ... mark=VBMFX
by HEDGEFUNDIE
Sun Oct 20, 2019 10:20 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1055
Views: 113276

Re: What frugal thing did you do today?

inexpensive gas and a 4% rebate on my Citibank Costco VISA. Many gas stations give a discount on a purchase of gas when you pay cash. For every $0.10 discount per gallon, you come ahead with a 4% rebate on a Citibank Costco VISA if the price is greater than $2.40/gal. When was gas this cheap in Cal...
by HEDGEFUNDIE
Sun Oct 20, 2019 9:44 am
Forum: Personal Investments
Topic: New Savings and Checking Options
Replies: 22
Views: 1747

Re: New Savings and Checking Options

Rates have been falling. Picking a bank for high checking or savings rates has the risk that they drop the rates. I often laugh when someone switches banks for rates. The difference between 2.1% and 2% on $100,000 compounded daily is $102.06. How many are moving 6 figures vs $20,000 and getting $20...
by HEDGEFUNDIE
Sat Oct 19, 2019 5:54 pm
Forum: Personal Investments
Topic: New Savings and Checking Options
Replies: 22
Views: 1747

Re: New Savings and Checking Options

Rates have been falling. Picking a bank for high checking or savings rates has the risk that they drop the rates. I often laugh when someone switches banks for rates. The difference between 2.1% and 2% on $100,000 compounded daily is $102.06. How many are moving 6 figures vs $20,000 and getting $20...
by HEDGEFUNDIE
Sat Oct 19, 2019 5:44 pm
Forum: Personal Investments
Topic: New Savings and Checking Options
Replies: 22
Views: 1747

Re: New Savings and Checking Options

Rates have been falling. Picking a bank for high checking or savings rates has the risk that they drop the rates. I often laugh when someone switches banks for rates. The difference between 2.1% and 2% on $100,000 compounded daily is $102.06. How many are moving 6 figures vs $20,000 and getting $20...
by HEDGEFUNDIE
Sat Oct 19, 2019 1:10 am
Forum: Personal Investments
Topic: Leveraging Investment with Pledged Asset Loan
Replies: 35
Views: 1542

Re: Leveraging Investment with Pledged Asset Loan

Yes I would do it.

Technically I already have. My mortgage is $1.2M at 2.6%
by HEDGEFUNDIE
Sat Oct 19, 2019 1:04 am
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 139
Views: 8924

Re: What percent of net worth should a persons house be?

... not an investment. It has nothing to do with net worth. Well, lenders would disagree with you. When having to submit financial statement every year to keep credit line open the bank expects you to list current market value under assets and the current mortgage(s) balances under liabilities for ...
by HEDGEFUNDIE
Fri Oct 18, 2019 1:17 am
Forum: Investing - Theory, News & General
Topic: Schwab to allow fractional stock trading (WSJ)
Replies: 25
Views: 2438

Re: Schwab to allow fractional stock trading (WSJ)

2) Asset placement can be done at the stock level. For example, the highest dividend yield stocks can be placed in retirement accounts. Whereas the stocks that have never issued a dividend get put in your taxable. This is a game changer and would lead to a complete rethinking of our standard BH adv...
by HEDGEFUNDIE
Fri Oct 18, 2019 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Want to buy a new Tesla 3. Best auto loan rates??
Replies: 16
Views: 1456

Re: Want to buy a new Tesla 3. Best auto loan rates??

2.7% is probably the best rate you will find. Another option is to open up some 0% credit cards with zero fee balance transfers and transfer a portion of that debt to the cards. And open up new cards as the 0% expires. I have done this with great success. Not to mention, if disaster strikes and you ...
by HEDGEFUNDIE
Thu Oct 17, 2019 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 139
Views: 8924

Re: What percent of net worth should a persons house be?

... not an investment. It has nothing to do with net worth. Well, lenders would disagree with you. When having to submit financial statement every year to keep credit line open the bank expects you to list current market value under assets and the current mortgage(s) balances under liabilities for ...
by HEDGEFUNDIE
Thu Oct 17, 2019 8:58 am
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 139
Views: 8924

Re: What percent of net worth should a persons house be?

I'm surprised on a BH forum so many people are saying it doesn't matter or that it matters little. that is, in my mind, insane. this is a forum founded essentially on two axioms 1) diversify 2) cut costs. from that, you should have as small a percentage of your net worth in your home as you find co...
by HEDGEFUNDIE
Thu Oct 17, 2019 8:49 am
Forum: Personal Investments
Topic: How to buy NTSX in Vanguard [large spread]?
Replies: 13
Views: 706

Re: How to buy NTSX in Vanguard [large spread]?

aednichols wrote:
Thu Oct 17, 2019 8:45 am
Is that because it’s only 1.5x leverage, or for some other obscure categorization reason?
Vanguard has banned the daily leveraged ETFs.

NTSX is not daily leveraged.
by HEDGEFUNDIE
Thu Oct 17, 2019 8:41 am
Forum: Personal Investments
Topic: How to buy NTSX in Vanguard [large spread]?
Replies: 13
Views: 706

Re: How to buy NTSX in Vanguard [large spread]?

aednichols wrote:
Thu Oct 17, 2019 8:39 am
I think the question is moot because Vanguard does not allow trading in leveraged funds.

https://investor.vanguard.com/investing ... se-etf-etn
NTSX is not in that category.
by HEDGEFUNDIE
Tue Oct 15, 2019 11:51 pm
Forum: Personal Investments
Topic: How to handle 5M capital gain (post-IPO)
Replies: 102
Views: 8205

Re: How to handle 5M capital gain (post-IPO)

If somebody handed you $3.3M (minus taxes), would your first thought be to put it all in this stock?

That is essentially the decision you are making every day you hold onto it.
by HEDGEFUNDIE
Tue Oct 15, 2019 10:02 pm
Forum: Investing - Theory, News & General
Topic: Edward Jones presentation at the senior center
Replies: 44
Views: 6281

Re: Edward Jones presentation at the senior center

If the worst financial thing to happen to those seniors is a 1.3% AUM fee for portfolio management, they should count their lucky stars.
by HEDGEFUNDIE
Tue Oct 15, 2019 8:25 pm
Forum: Personal Consumer Issues
Topic: College for real life use [Practical knowledge about investing]
Replies: 28
Views: 2584

Re: College for real life use

why do you think that college will provide you with: "practical knowledge about trading, options, and other investment opportunities"? Colleges do have Finance majors, and they have entire courses on things like Derivatives. There were two courses on that topic alone in my MBA program. The stock ma...
by HEDGEFUNDIE
Tue Oct 15, 2019 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4104
Views: 776536

Re: What's Your Credit Card Rewards Strategy?

Just received my Uber Visa. It’s a no annual fee card that pays out 4% for dining. And also $50 credit in subscription services if you reach $5,000 in spend a year. That is the equivalent of getting 5% back on dining if you put $5,000 in dining on the card. Not bad for a free card that doesn’t requi...
by HEDGEFUNDIE
Tue Oct 15, 2019 8:25 am
Forum: Investing - Theory, News & General
Topic: Isn't lack of transparency in China a huge risk for international stock index?
Replies: 90
Views: 7469

Re: Isn't lack of transparency in China a huge risk for international stock index?

With lack of transparency comes opportunity.

Emerging markets are one area where there is a case for active management:

https://www.portfoliovisualizer.com/fun ... mark=VEIEX
by HEDGEFUNDIE
Sun Oct 13, 2019 9:09 pm
Forum: Personal Investments
Topic: What’s the point of a taxable account?
Replies: 62
Views: 6483

Re: What’s the point of a taxable account?

The point of my taxable account is for liquidity and tax management, through:

1. Tax loss harvesting, and
2. Donor advised funds

My goals for capital appreciation are riding on my tax advantaged accounts and my Excellent Adventure (all in IRA).
by HEDGEFUNDIE
Sun Oct 13, 2019 8:54 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 129
Views: 12961

Re: Best CD rates thread

Does PSECU allow adding beneficiaries to make it a payable on death (POD) account? Is it easy? I didn't see this mentioned yet, and it is a requirement for me. Incidentally, these are great CD deals. With the 2-year Treasury at 1.63% and the 3-year at 1.60%, your yield premium is about 140 basis po...
by HEDGEFUNDIE
Sat Oct 12, 2019 10:17 pm
Forum: Investing - Theory, News & General
Topic: Do You Think Vanguard Will Join The No Commission Party?
Replies: 40
Views: 4213

Re: Do You Think Vanguard Will Join The No Commission Party?

I'm going to give it a few weeks to a month. If Vanguard doesn't join the festivities, I'll diversify. I'd even settle for some free trades per year. Seems like a fair compromise. Otherwise, mutual funds stay at Vanguard. Individual stocks go to Fidelity. Cash hangs tight at Schwab. Fun, small-time...
by HEDGEFUNDIE
Sat Oct 12, 2019 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Finance or Accounting Degree?
Replies: 81
Views: 5279

Re: Finance or Accounting Degree?

The fact that very few elite universities offer Finance nor Accounting degrees says something, IMO. Nothing wrong with studying accounting or finance, as long as that is the student’s academic interest. Otherwise, pick something else that she / he will do well in. And I say this as a Philosophy maj...
by HEDGEFUNDIE
Sat Oct 12, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: How do I make more money with my accounting degree?
Replies: 6
Views: 694

Re: How do I make more money with my accounting degree?

Three step plan for you:

1. Get your CPA
2. Get into a larger company, ideally publicly traded
3. Move into FP&A
by HEDGEFUNDIE
Sat Oct 12, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Finance or Accounting Degree?
Replies: 81
Views: 5279

Re: Finance or Accounting Degree?

The fact that very few elite universities offer Finance nor Accounting degrees says something, IMO. Nothing wrong with studying accounting or finance, as long as that is the student’s academic interest. Otherwise, pick something else that she / he will do well in. And I say this as a Philosophy majo...
by HEDGEFUNDIE
Thu Oct 10, 2019 6:59 pm
Forum: Personal Investments
Topic: What should I do about employer / industry risk in tech?
Replies: 36
Views: 2954

Re: What should I do about employer / industry risk in tech?

OP, what you're actually asking is about is the correlation of various asset classes to tech. Here you go: I think should be more concerned about annual correlations than daily correlations for my use case, what do you think? This is from Jan 1997 to Dec 2018. https://imgur.com/1vnlJtV Relative to ...
by HEDGEFUNDIE
Wed Oct 09, 2019 12:49 pm
Forum: Personal Investments
Topic: What should I do about employer / industry risk in tech?
Replies: 36
Views: 2954

Re: What should I do about employer / industry risk in tech?

OP, what you're actually asking is about is the correlation of various asset classes to tech. Here you go: https://i.imgur.com/snQqm3n.png Depending on which tech company you are at, you're either in the Technology or Communications Services sector. Total Stock Market is the most correlated to tech....
by HEDGEFUNDIE
Wed Oct 09, 2019 12:19 am
Forum: Personal Investments
Topic: What should I do about employer / industry risk in tech?
Replies: 36
Views: 2954

Re: What should I do about employer / industry risk in tech?

HF, I hadn't seen that thread. Thanks for the pointer. Are you holding that or is this something you're considering doing? I doubt I'll move to something that far from what I currently hold, but it does give me something to think about. I am holding most of what I recommended. The only pieces I don...
by HEDGEFUNDIE
Tue Oct 08, 2019 11:26 pm
Forum: Personal Investments
Topic: What should I do about employer / industry risk in tech?
Replies: 36
Views: 2954

Re: What should I do about employer / industry risk in tech?

Welcome. Sounds like you and I are in the same boat. I was thinking along similar lines as you a few months ago (https://www.bogleheads.org/forum/viewtopic.php?t=275899) Serious question: how much would it cost to buy puts to hedge against your exposure to tech? For the rest of your portfolio, here ...
by HEDGEFUNDIE
Mon Oct 07, 2019 2:11 am
Forum: Personal Finance (Not Investing)
Topic: Dropping Interest Rates on High-Yield Savings
Replies: 31
Views: 4415

Re: Dropping Interest Rates on High-Yield Savings

These high yield offers could be temporary. Or the credit union could be desperate for cash. Or these credit unions just want to give you free cash. Which one is more likely? The Orion offer has been available since the beginning of the year. 4% on 30k is $300 in extra interest so far just lying on...
by HEDGEFUNDIE
Mon Oct 07, 2019 1:55 am
Forum: Personal Finance (Not Investing)
Topic: Dropping Interest Rates on High-Yield Savings
Replies: 31
Views: 4415

Re: Dropping Interest Rates on High-Yield Savings

The Orion 4% deal is attractive except for one thing. One of the requirements: Perform at least 8 signature-based card transactions It's easy! When using your card, choose the credit option and bypass using your PIN. So you need a debit card attached to your account and they let anyone in possessio...
by HEDGEFUNDIE
Mon Oct 07, 2019 1:42 am
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 60
Views: 6028

Re: Tactics to pay off Mortgage Early??

What I find inconsistent is that many of the same folks who claim they would sleep better at night without a mortgage are the same folks who worry about inflation. A fixed rate mortgage is God’s gift to men who fear inflation! God's gift? The SevenBridgesRoad Bible says, "If your home comes coupled...
by HEDGEFUNDIE
Sun Oct 06, 2019 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 60
Views: 6028

Re: Tactics to pay off Mortgage Early??

What I find inconsistent is that many of the same folks who claim they would sleep better at night without a mortgage are the same folks who worry about inflation.

A fixed rate mortgage is God’s gift to men who fear inflation!
by HEDGEFUNDIE
Sun Oct 06, 2019 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Dropping Interest Rates on High-Yield Savings
Replies: 31
Views: 4415

Re: Dropping Interest Rates on High-Yield Savings

4% at Orion FCU is keeping me from doing something rash like buying a ton of EE bonds.
by HEDGEFUNDIE
Sun Oct 06, 2019 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 60
Views: 6028

Re: Tactics to pay off Mortgage Early??

...The reason I ask this question is because a colleague of mine asked what I would do if I paid my mortgage off tomorrow? I thought about it and I realized the amount of freedom I would have if I did not have to make that payment... This is the best reason to do it: freedom, peace of mind, sleepin...
by HEDGEFUNDIE
Sun Oct 06, 2019 11:07 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1274
Views: 81212

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

The 30 years have not inverted against the 1 month or the 3 month. So leave TMF out of it. If you truly believe that 100% stocks will have the highest sharpe ratios in the future, I have nothing more to say. You should lever up whatever portfolio you think will be the most efficient in the future. H...
by HEDGEFUNDIE
Sun Oct 06, 2019 2:55 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1274
Views: 81212

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

It's still wild to me that people are willing to borrow at ~2% to gain exposure to 1.5% yield. And then leverage that x15. I'm still hoping someone can explain how that actually works. Please no "historically, it worked" arguments. I want to know fundamental the logic and the reason behind leveragi...
by HEDGEFUNDIE
Sun Oct 06, 2019 2:46 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1274
Views: 81212

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

It's still wild to me that people are willing to borrow at ~2% to gain exposure to 1.5% yield. And then leverage that x15. I'm still hoping someone can explain how that actually works. Please no "historically, it worked" arguments. I want to know fundamental the logic and the reason behind leveragi...
by HEDGEFUNDIE
Sun Oct 06, 2019 2:26 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1274
Views: 81212

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

It's still wild to me that people are willing to borrow at ~2% to gain exposure to 1.5% yield. And then leverage that x15. I'm still hoping someone can explain how that actually works. Please no "historically, it worked" arguments. I want to know fundamental the logic and the reason behind leveragi...
by HEDGEFUNDIE
Sun Oct 06, 2019 9:17 am
Forum: Personal Finance (Not Investing)
Topic: relocating across country
Replies: 47
Views: 3105

Re: relocating across country

I am guessing OP is a senior executive.

Relocation packages at the manager level are more like $20-25k
by HEDGEFUNDIE
Sun Oct 06, 2019 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 289
Views: 21028

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

Expenses are higher but are not 2x. The balance goes into savings. Compounded in the market that is a huge incremental wealth driver over time. Expenses and taxes may indeed be 2x higher... I know my house would cost at least 4x higher in San Fran. Taxes are higher too... Yes, food at a grocery sto...
by HEDGEFUNDIE
Sun Oct 06, 2019 8:16 am
Forum: Investing - Theory, News & General
Topic: Jonathan Clements: About half your retirement accumulation is just the dollars you put in
Replies: 92
Views: 13769

Re: Jonathan Clements: About half your retirement accumulation is just the dollars you put in

CurlyDave wrote:
Sun Oct 06, 2019 8:07 am


* I think history has shown that Ambien and a more aggressive AA might be more beneficial than a super conservative AA.
First time I’ve read this and I love it!
by HEDGEFUNDIE
Sat Oct 05, 2019 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 289
Views: 21028

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

The sweet spot in these discussions, that sometimes appears to get lost, is that MCOL areas are often the best of both worlds. Cities like Dallas, Houston, Austin, Atlanta, Denver, Columbus, Charlotte, and the Research Triangle area of NC (I'm sure I'm leaving several out) provide wonderful economi...
by HEDGEFUNDIE
Sat Oct 05, 2019 7:30 pm
Forum: Personal Investments
Topic: Preferred Stock Index Fund
Replies: 49
Views: 4918

Re: Preferred Stock Index Fund

Skip em
by HEDGEFUNDIE
Sat Oct 05, 2019 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 289
Views: 21028

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

if you're single and/or have no intention of having kids, it's not even remotely close. HCOL > LCOL in the vast majority of cases. The vast majority of cases aren't making $500k vs $300k. Yes, if you make a lot of money, you can save more in a HCOL area. If you make average-to-low money, no way. If...
by HEDGEFUNDIE
Fri Oct 04, 2019 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 259
Views: 21831

Re: IT compensation comparison

Coworker of mine just announced she is leaving for another Bay Area tech company (non-FAANG). Marketing manager role paying $210k all-in.

She is 29, no MBA.
by HEDGEFUNDIE
Thu Oct 03, 2019 11:34 pm
Forum: Personal Consumer Issues
Topic: Mortgage rates what would you choose
Replies: 23
Views: 1661

Re: Mortgage rates what would you choose

Got today's rate update from our banker. 30-Year Fixed-Rate Jumbo 3.625% (+ $2125 closing credits.) 7/1 ARM Jumbo 2.75% (+ $1400 closing credits.) 10/1 ARM Jumbo 2.875% A solid .125 rate drop in 2 days with credits! I am thinking of locking today and still leaning 10/1 (or) 30 year fixed. Any advic...