Search found 4772 matches

by HEDGEFUNDIE
Sun Jun 21, 2020 12:17 am
Forum: Personal Investments
Topic: High net worth portfolio advice
Replies: 159
Views: 41026

Re: High net worth portfolio advice

sf_tech_saver wrote: Sun Jun 21, 2020 12:02 am I want to add that I am AMAZED to see people advocating for non TSM approaches to after-tax investing here.
...and that was the last straw. I’m done with this place.
by HEDGEFUNDIE
Sat Jun 20, 2020 4:31 pm
Forum: Personal Investments
Topic: High net worth portfolio advice
Replies: 159
Views: 41026

Re: High net worth portfolio advice

If I understand your rough numbers correctly I would do something very simple -- and which I plan to do eventually when I move from around $5M net worth to $10-15M (you are there congrats). $1M -- municipal bonds $14M --VTI Just the qualified dividends of VTI alone should give you $250k to live on at this scale. If you invest $2-3M in a modest SF home closer to $200k but if you are really being frugal it's doable. Schwab has been super nice for me as a place to just park a chunk of VTI knowing I can walk in and talk to somebody if I really need to but without the hassle/ego of a private bank. Money isn't your issue anymore. Keep a buffer of municipal bonds just in case -- but the dividends alone can pay your bills allowing you to essential...
by HEDGEFUNDIE
Sat Jun 20, 2020 4:15 pm
Forum: Personal Investments
Topic: High net worth portfolio advice
Replies: 159
Views: 41026

Re: High net worth portfolio advice

The typical BH OP does not have $10M in taxable accounts. Well, if someone has a better suggestion based on the fact that the assets are $10 million instead of something less, maybe that should be posted with an explanation of why that is better in this particular scenario. This has not yet happened. Keep in mind that we are dealing with a novice investor, not someone with extensive experience. Better to suggest a good approach that is understood than to suggest what may be a better approach in some areas but not all areas and expecting the novice investor to know how to make the choice. A novice investor will not truly understand the choices and the consequences of those choices. It's not fair to say "this is better in this regard&qu...
by HEDGEFUNDIE
Sat Jun 20, 2020 4:08 pm
Forum: Personal Investments
Topic: Cash out refi with 100% Equity?
Replies: 64
Views: 5422

Re: Cash out refi with 100% Equity?

02nz wrote: Sat Jun 20, 2020 4:01 pm
HEDGEFUNDIE wrote: Sat Jun 20, 2020 3:53 pm A HELOC draw period can last for up to 10 years. There is no amortization involved.
OP proposed a 10-year amortizing mortgage with a total cost (closing + interest) of $16K. Of course OP can do a HELOC instead, but that generally means a higher rate, that's also adjustable, plus more interest paid because of the lack of amortization. If anything drawing a HELOC for the $100K to invest makes it even harder to come out ahead.
Then allow me to introduce OP to my favorite financial product: the interest-only mortgage.
by HEDGEFUNDIE
Sat Jun 20, 2020 4:06 pm
Forum: Personal Investments
Topic: High net worth portfolio advice
Replies: 159
Views: 41026

Re: High net worth portfolio advice

The typical BH advice is appropriate for typical BH OPs. The typical BH OP does not have $10M in taxable accounts. Giving the OP the lazy answer that we typically give around here will only set him up for heartache when he has to write an unexpected $60k check to the IRS for accrued dividend taxes next year (plus penalties?), plus whatever capital gains he will incur to unwind his Total Stock Market position once he belatedly realizes how terribly inefficient it is for his situation. What's your advice to the OP? Regards, My advice is for him to find a trusted tax advisor before doing anything. If he insists on managing his money himself then I would advise him to use one of the growth funds that rocketshiptech already mentioned.
by HEDGEFUNDIE
Sat Jun 20, 2020 3:53 pm
Forum: Personal Investments
Topic: Cash out refi with 100% Equity?
Replies: 64
Views: 5422

Re: Cash out refi with 100% Equity?

[Deleted quotes removed by Flyer24]

A HELOC draw period can last for up to 10 years. There is no amortization involved.
by HEDGEFUNDIE
Sat Jun 20, 2020 3:50 pm
Forum: Personal Investments
Topic: High net worth portfolio advice
Replies: 159
Views: 41026

Re: High net worth portfolio advice

OP’s qualified dividend tax rate: 28% What is this number made of? Disregard, I see you answered that above. I get your point that growth stocks are more tax-efficient than blend or value. And I'm not saying that growth stocks are a bad choice for people who know enough to be interested in them for the right reasons. And I'm certain that some BHs invest just that way for just those reasons. But I do not believe that investing mostly in large cap growth is a suggestion that should be made to strangers on the internet who probably have no idea what a growth stock is. There are factors other than tax-efficiency involved in picking funds. "Owning the haystack" seems to be tax-efficient enough even if there might be something more tax...
by HEDGEFUNDIE
Sat Jun 20, 2020 3:25 pm
Forum: Personal Investments
Topic: High net worth portfolio advice
Replies: 159
Views: 41026

Re: High net worth portfolio advice

OP’s qualified dividend tax rate: 28% What is this number made of? Disregard, I see you answered that above. I get your point that growth stocks are more tax-efficient than blend or value. And I'm not saying that growth stocks are a bad choice for people who know enough to be interested in them for the right reasons. And I'm certain that some BHs invest just that way for just those reasons. But I do not believe that investing mostly in large cap growth is a suggestion that should be made to strangers on the internet who probably have no idea what a growth stock is. There are factors other than tax-efficiency involved in picking funds. "Owning the haystack" seems to be tax-efficient enough even if there might be something more tax...
by HEDGEFUNDIE
Sun May 31, 2020 1:07 am
Forum: Investing - Theory, News & General
Topic: Single Favorite Mutual Fund
Replies: 102
Views: 14714

Re: Single Favorite Mutual Fund

cos wrote: Sun May 31, 2020 1:00 am
HEDGEFUNDIE wrote: Sat May 30, 2020 11:54 am PSLDX will make me rich.

It's 50% of my AA.
What about PSLDX makes you prefer it over the Adventure in this case?
The Adventure is not a part of my AA.

For my regular portfolio I use less leverage.
by HEDGEFUNDIE
Sat May 30, 2020 11:56 pm
Forum: Personal Investments
Topic: An NTSX alternative in taxable?
Replies: 27
Views: 5758

Re: An NTSX alternative in taxable?

Ok it’s decided. I’ll go 60/40 SCHG/EDV with 1.35x leverage.
by HEDGEFUNDIE
Sat May 30, 2020 11:34 pm
Forum: Personal Investments
Topic: An NTSX alternative in taxable?
Replies: 27
Views: 5758

Re: An NTSX alternative in taxable?

I can't wrap my head around borrowing to buy bonds. Your expected return should be about the same as 80/20. If the point of overweighting bonds is to reduce risk, does the use of leverage accomplish that? Even if margin interest gets you a tax deduction, the extra bond income is taxed at your marginal rate. I do hold both NTSX and SCHG in taxable accounts. (Also, my Zero Dividend Pie at M1 has been highly correlated with SCHG and even more tax efficient!) NTSX Borrows to buy bonds, does it not? It borrows to buy 6X bond futures . Seems like more bang for buck as well as more tax efficient. The after-borrow-cost yield is roughly similar. Treasury futures right now have implied repo rates of around 0.2% (https://www.cmegroup.com/tools-inform...
by HEDGEFUNDIE
Sat May 30, 2020 9:50 pm
Forum: Personal Investments
Topic: An NTSX alternative in taxable?
Replies: 27
Views: 5758

Re: An NTSX alternative in taxable?

Growth is 97% correlated to TSM, with half the tax cost. https://www.portfoliovisualizer.com/asset-correlations?s=y&symbols=VIGRX+VTSMX&timePeriod=1&tradingDays=120&months=36 Honestly I’m not sure why it’s not the standard recommendation for taxable. It's a bit hard to summarize in a post but I'd recommend trying the exercise of mathing out in a spreadsheet the ultimate impact of dividend "tax cost" with various holding periods and reinvestment rate of return assumptions. Unless the holding period and rate of return are heroically long or large respectively, I've found the result made me go: oh... only this much? The whole dividend vs buyback controversies are overheated on both sides in my view, it simply doesn't...
by HEDGEFUNDIE
Sat May 30, 2020 9:42 pm
Forum: Personal Investments
Topic: An NTSX alternative in taxable?
Replies: 27
Views: 5758

Re: An NTSX alternative in taxable?

aristotelian wrote: Sat May 30, 2020 9:29 pm I can't wrap my head around borrowing to buy bonds. Your expected return should be about the same as 80/20. If the point of overweighting bonds is to reduce risk, does the use of leverage accomplish that?

Even if margin interest gets you a tax deduction, the extra bond income is taxed at your marginal rate.

I do hold both NTSX and SCHG in taxable accounts. (Also, my Zero Dividend Pie at M1 has been highly correlated with SCHG and even more tax efficient!)
NTSX Borrows to buy bonds, does it not?
by HEDGEFUNDIE
Sat May 30, 2020 9:26 pm
Forum: Personal Investments
Topic: An NTSX alternative in taxable?
Replies: 27
Views: 5758

Re: An NTSX alternative in taxable?

To be clear, I picked VUG not for any desire to tilt to growth but purely for its lower yield. If there was a total market fund paying 1% SEC yield I’d be happy to use it over VUG. Got it. Well, I just did a bit of back-of-napkin math and if you used a world-market-cap portfolio instead at 20% qualified dividend tax rate, the extra 1.5% of SEC yield would be the equivalent of a 0.30% increase in expense ratio. On the other side of the ledger, I can't find the Vanguard paper right now quantifying the value of the diversification "free lunch", but I'm pretty sure that exposure to more than double the stock market cap is worth at least that much. And unless you donate or pass on to heirs, the eventual LTCG tax hit means the real dif...
by HEDGEFUNDIE
Sat May 30, 2020 8:56 pm
Forum: Personal Investments
Topic: An NTSX alternative in taxable?
Replies: 27
Views: 5758

Re: An NTSX alternative in taxable?

IMRTguy wrote: Sat May 30, 2020 8:53 pm Just curious how are you at the 50% bracket for qualified dividends? Even the highest bracket is 20% plus applicable state taxes
You are right. I’m at 33% for dividends not 50%
by HEDGEFUNDIE
Sat May 30, 2020 8:54 pm
Forum: Personal Consumer Issues
Topic: How to get back fees paid to telemedicine provider?
Replies: 56
Views: 6254

Re: How to get back fees paid to telemedicine provider?

Unbelievable. He is only a physician, not a pharmacist. He has no way (and no reason) to know if generics are available. When you board an airline flight, do you ask your pilot what brand of peanuts they are serving in the back? Of course not. The better analogy is should the pilot know which company manufactured the engine on the plane? Probably Not sure what you mean. Tens of thousands of medications are available and prescribed. The doctor has no way to keep track of which medications have a generic version, which changes every month. They simply check the box on the Rx that says "generic is OK if available". As others have noted on this thread, you can look it up yourself. This is publicly available information. Part of a doc...
by HEDGEFUNDIE
Sat May 30, 2020 8:50 pm
Forum: Personal Investments
Topic: An NTSX alternative in taxable?
Replies: 27
Views: 5758

Re: An NTSX alternative in taxable?

bluquark wrote: Sat May 30, 2020 8:47 pm I guess it seems like to me like too small a tweak to be worth the extra complexity. You get some hypothetical extra negative-correlation, a bit less and more expensive leverage, a bit less ER and a bit more yield.

Personally the idea would appeal to me more if one took the opportunity of the manual leverage to diversify the stock part more. The pure US concentration of leveraged ETFs is one aspect that has always made me uneasy. Looks like my preference there is diametrically opposed with your desire to tilt to growth though :)
To be clear, I picked VUG not for any desire to tilt to growth but purely for its lower yield. If there was a total market fund paying 1% SEC yield I’d be happy to use it over VUG.
by HEDGEFUNDIE
Sat May 30, 2020 8:48 pm
Forum: Personal Consumer Issues
Topic: How to get back fees paid to telemedicine provider?
Replies: 56
Views: 6254

Re: How to get back fees paid to telemedicine provider?

Unbelievable. He is only a physician, not a pharmacist. He has no way (and no reason) to know if generics are available. When you board an airline flight, do you ask your pilot what brand of peanuts they are serving in the back? Of course not. The better analogy is should the pilot know which company manufactured the engine on the plane? Probably Not sure what you mean. Tens of thousands of medications are available and prescribed. The doctor has no way to keep track of which medications have a generic version, which changes every month. They simply check the box on the Rx that says "generic is OK if available". As others have noted on this thread, you can look it up yourself. This is publicly available information. Part of a doc...
by HEDGEFUNDIE
Sat May 30, 2020 8:16 pm
Forum: Personal Consumer Issues
Topic: How to get back fees paid to telemedicine provider?
Replies: 56
Views: 6254

Re: How to get back fees paid to telemedicine provider?

toofache32 wrote: Sat May 30, 2020 8:13 pm Unbelievable. He is only a physician, not a pharmacist. He has no way (and no reason) to know if generics are available.
When you board an airline flight, do you ask your pilot what brand of peanuts they are serving in the back? Of course not.
The better analogy is should the pilot know which company manufactured the engine on the plane?

Probably
by HEDGEFUNDIE
Sat May 30, 2020 8:08 pm
Forum: Personal Investments
Topic: An NTSX alternative in taxable?
Replies: 27
Views: 5758

An NTSX alternative in taxable?

I’m looking for a taxable investment strategy with the following characteristics:

1. Low tax cost (I’m at 33% tax bracket for investment distributions and 50% for regular income)
2. Moderate leverage (per my age and lifecycle investing principles)
3. Moderate drawdown risk (I may want to liquidate at various points for large purchases)

All of this points me to NTSX, which is 90% S&P 500 + 60% Intermediate Treasuries.

But I was considering this combination instead: 80% VUG + 55% EDV. I would borrow the 35% from M1 at 2% interest (1% after-tax cost). VUG has half the distributions of VOO and EDV is much more efficient in balancing stocks during downturns. Also I save roughly 0.15% ER over NTSX.

Thoughts?
by HEDGEFUNDIE
Sat May 30, 2020 8:02 pm
Forum: Investing - Theory, News & General
Topic: Single Favorite Mutual Fund
Replies: 102
Views: 14714

Re: Single Favorite Mutual Fund

catdoctor wrote: Sat May 30, 2020 7:55 pmPOAGX
I respect your ability to stay-the-course
by HEDGEFUNDIE
Sat May 30, 2020 6:14 pm
Forum: Investing - Theory, News & General
Topic: Single Favorite Mutual Fund
Replies: 102
Views: 14714

Re: Single Favorite Mutual Fund

gvsucavie03 wrote: Sat May 30, 2020 5:51 pm
HEDGEFUNDIE wrote: Sat May 30, 2020 12:18 pm
gvsucavie03 wrote: Sat May 30, 2020 11:57 am
HEDGEFUNDIE wrote: Sat May 30, 2020 11:54 am PSLDX will make me rich.

It's 50% of my AA.
1.11% ER :shock:
Technically only 0.59% ER, the rest of it is cost of leverage that comes with the strategy.

In any case, since inception in 2007 the fund has returned 15% CAGR after expenses compared to 8% for the S&P over the same period, with similar drawdown risk (tested through three market crashes).

https://www.portfoliovisualizer.com/fun ... mark=VFINX
And unless you have at least $1M invested, front load of 3.75%, back end 1% and a higher ER.... No thanks.
None of the above applies. You can buy it for $10 commission at Ally.

viewtopic.php?t=305950
by HEDGEFUNDIE
Sat May 30, 2020 12:21 pm
Forum: Investing - Theory, News & General
Topic: What Is the Stock Market Even for Anymore?
Replies: 25
Views: 4584

Re: What Is the Stock Market Even for Anymore?

JPH wrote: Sat May 30, 2020 12:05 pm The stock market is not the economy.
Actually it is. It's just that many Americans don't meaningfully contribute to the measured economy.
by HEDGEFUNDIE
Sat May 30, 2020 12:18 pm
Forum: Investing - Theory, News & General
Topic: Single Favorite Mutual Fund
Replies: 102
Views: 14714

Re: Single Favorite Mutual Fund

gvsucavie03 wrote: Sat May 30, 2020 11:57 am
HEDGEFUNDIE wrote: Sat May 30, 2020 11:54 am PSLDX will make me rich.

It's 50% of my AA.
1.11% ER :shock:
Technically only 0.59% ER, the rest of it is cost of leverage that comes with the strategy.

In any case, since inception in 2007 the fund has returned 15% CAGR after expenses compared to 8% for the S&P over the same period, with similar drawdown risk (tested through three market crashes).

https://www.portfoliovisualizer.com/fun ... mark=VFINX
by HEDGEFUNDIE
Sat May 30, 2020 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Are your personal expenses down during stay home and shelter?
Replies: 180
Views: 15868

Re: Are your personal expenses down during stay home and shelter?

EnjoyIt wrote: Sat May 30, 2020 11:55 am
HEDGEFUNDIE wrote: Sat May 30, 2020 11:49 am Anyone else not renewing their car registration for the upcoming year?

Just saved myself $300 by filling for "planned non-operation" with the DMV. Will call the insurance company next.
$300? Is California car registration that expensive or are you saving in insurance premiums?
Yes CA registration is that expensive. $324. Some of it is state tax deductible though.
by HEDGEFUNDIE
Sat May 30, 2020 11:54 am
Forum: Investing - Theory, News & General
Topic: Single Favorite Mutual Fund
Replies: 102
Views: 14714

Re: Single Favorite Mutual Fund

PSLDX will make me rich.

It's 50% of my AA.
by HEDGEFUNDIE
Sat May 30, 2020 11:51 am
Forum: Personal Consumer Issues
Topic: How to get back fees paid to telemedicine provider?
Replies: 56
Views: 6254

Re: How to get back fees paid to telemedicine provider?

Check GoodRx for a coupon for the brand name medication
by HEDGEFUNDIE
Sat May 30, 2020 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Are your personal expenses down during stay home and shelter?
Replies: 180
Views: 15868

Re: Are your personal expenses down during stay home and shelter?

Anyone else not renewing their car registration for the upcoming year?

Just saved myself $300 by filling for "planned non-operation" with the DMV. Will call the insurance company next.
by HEDGEFUNDIE
Fri May 29, 2020 4:31 pm
Forum: Personal Consumer Issues
Topic: New iPhone SE?? has anyone bought and used one?
Replies: 30
Views: 3705

Re: New iPhone SE?? has anyone bought and used one?

Beach wrote: Fri May 29, 2020 4:29 pm Upgraded from SE to SE.
New one is bigger, not liking the size but no choice.
The new 12 will be smaller than the new SE with a larger edge-to-edge screen
by HEDGEFUNDIE
Fri May 29, 2020 4:26 pm
Forum: Personal Consumer Issues
Topic: New iPhone SE?? has anyone bought and used one?
Replies: 30
Views: 3705

Re: New iPhone SE?? has anyone bought and used one?

ianferrel wrote: Fri May 29, 2020 11:03 am
HEDGEFUNDIE wrote: Fri May 29, 2020 10:50 amButton also does not click as well as I remembered.
Apple replaced the physical button with a simulacrum--a haptic feedback nonmoving circle--with iPhone 7, so you might be remembering the older ones that actually had a button that moved and clicked.
Thanks. I’m sure they had a good reason but I hate it.
by HEDGEFUNDIE
Fri May 29, 2020 10:58 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14343
Views: 1970666

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

How would the strategy become adversely affected if more people were using it? When you gamble, if more people bet a certain way, the more the odds have to shift against those people. If you buy a call, somebody has to sell it. Options and futures contracts have fixed odds settlement conditions, but the prices change. The price of the gambling increases as you do more of it. Now, there are lots of other considerations. Right now, it would be easy to find people to bet against the S&P500 and against long term treasuries. A leveraged ETF has to use contracts to be able to rebalance every day. Don’t forget, the counterparties taking the other side of the bet may not be betting themselves, they may be hedging some of their other positions ...
by HEDGEFUNDIE
Fri May 29, 2020 10:50 am
Forum: Personal Consumer Issues
Topic: New iPhone SE?? has anyone bought and used one?
Replies: 30
Views: 3705

Re: New iPhone SE?? has anyone bought and used one?

Went from an X to the new SE.

Noticeably faster. Downgrade in screen takes some getting used to. Button also does not click as well as I remembered.

Overall it’s a great value and tides me over until the 12.
by HEDGEFUNDIE
Fri May 29, 2020 9:58 am
Forum: Personal Investments
Topic: Overpay for the home we love?
Replies: 62
Views: 6232

Re: Overpay for the home we love?

When I bought my house two years ago I was certain I overpaid by $100-200k.

I just got it appraised for a refi; it came in 2% higher than my purchase price. 🤷🏻‍♂️
by HEDGEFUNDIE
Fri May 29, 2020 9:44 am
Forum: Personal Investments
Topic: Recommend a China-focused, risk-seeking fund
Replies: 32
Views: 3399

Re: Recommend a China-focused, risk-seeking fund

HomerJ wrote: Fri May 29, 2020 9:42 am
jajlrajrf wrote: Thu May 28, 2020 12:44 pm I've taken a small position in CHIQ based on the suggestions in this thread. Thanks, everyone!
The only person who mentioned or suggested CHIQ in this thread was you.
Lol. I guess the thread title was intended to be a statement not a question 😂
by HEDGEFUNDIE
Fri May 29, 2020 9:09 am
Forum: Investing - Theory, News & General
Topic: SWAN ETF - 10% Leaps / 90% Treasuries
Replies: 174
Views: 29846

Re: SWAN ETF - 10% Leaps / 90% Treasuries

So let’s review our options here:

PSLDX is 100/100
NTSX is 90/60
SWAN is 70/90
Excellent Adventure is 165/135 :twisted:

Choose your own adventure
by HEDGEFUNDIE
Fri May 29, 2020 8:50 am
Forum: Personal Finance (Not Investing)
Topic: mortgage rates
Replies: 27
Views: 5247

Re: mortgage rates

I haven't looked too deeply into this since i will be buying a home about 2 years from now. But one of the things I've thought about has been using one of my personal broker accounts at m1 finance to borrow against. This will be 0 fee and at 2 percent interest if i pay the 99/year cost of m1 plus. There are no terms for the loan either, you technically have to just keep paying the interest and don't even have to really touch the principal of you don't want to. Though there will be some degree of variability to the rate here. Of course then you can't deduct a mortgage interest deduction. But ever since the standard deduction went up to 24k, not a lot of people are itemizing i feel. So if you don't think you will be itemizing, then it's an i...
by HEDGEFUNDIE
Fri May 29, 2020 8:28 am
Forum: Investing - Theory, News & General
Topic: This article is scaring me. [Roubini predicting depression]
Replies: 109
Views: 15134

Re: This article is scaring me. [Roubini predicting depression]

The doom-and-gloomers in this thread and all over Bogleheads these days are falling into a common fallacy, one I don't see called out very often. I'm going to call it the all-things-being-equal fallacy, or the if-nothing-else-happened fallacy. Yes, if an overleveraged housing market is securitized and the risk concentrated at our largest banks and the bubble pops and nothing else happens , the financial system would collapse and we would all go back to bartering gold and silver. Yes, if a pandemic strikes and the entire world is forced to stay at home and unemployment skyrockets to 20% and nothing else happens , we'd be back to the Great Depression. Yes, if you left your stove on by accident and went out to do some post-pandemic partying, ...
by HEDGEFUNDIE
Thu May 28, 2020 10:41 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 621
Views: 73695

Re: I don't understand the case for EE bonds

I've seen posts on this thread basically stating that if you don't expect to live for the 20 years to get the doubling, the EE Bonds are really not worth owning. It's really the life expectancy (and reality) of both you AND your co-owner that matter. This is an important point. I have not made the decision to purchase yet, but am exploring the options. I'm 36, so hopefully I make it to 56, but who knows? I'm familiar with the . . . eccentricities . . . of TreasuryDirect. If you are in your highest earning years at age 56, do you really want to be liquidating and realizing up to $20K of interest income, only to be taxed at the highest rates? Something for you to consider. They aren't a bad deal, but at age 36 you may find you don't want to ...
by HEDGEFUNDIE
Thu May 28, 2020 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 80
Views: 8095

Re: 1:1 salary and stock jobs?

I think the next question I have is: coming from a background in healthcare product development, how do I position myself to get one of these jobs at a tech company? First question is which companies should you put on your short list. Id recommend any that are on this list: https://www.bvp.com/bvp-nasdaq-emerging-cloud-index Next question is do you want to leverage your industry or functional expertise. If the former, the biggest publicly traded healthcare cloud company I know of is Veeva Systems. If the latter, well maybe someone else can help you out there. Don’t know if device product development translates into software. Good luck! Honestly I feel everyone who wants to accelerate their earning potential should be giving these cloud com...
by HEDGEFUNDIE
Thu May 28, 2020 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: JPM Chase Reserve Card gets more expensive
Replies: 509
Views: 57415

Re: JPM Chase Reserve Card gets more expensive

madbrain wrote: Thu May 28, 2020 9:29 pm
rjbraun wrote: Thu May 28, 2020 9:03 pm Good point about Whole Foods offering Amazon gift cards, and, presumably, with no fees. I have been *staying home* given the pandemic. though; I wonder if my local Whole Foods will sell me Amazon gift cards over the phone. Ah, I guess they are not equipped to send them out electronically. Aarrgh, not sure how I can make this work! :annoyed
Looks like we are running into the same problem. If you find a solution, please let me know.
For an extra 2.5% off Amazon I’m willing to risk COVID
by HEDGEFUNDIE
Thu May 28, 2020 8:39 pm
Forum: Investing - Theory, News & General
Topic: SWAN ETF - 10% Leaps / 90% Treasuries
Replies: 174
Views: 29846

Re: SWAN ETF - 10% Leaps / 90% Treasuries

prioritarian wrote: Thu May 28, 2020 4:59 pm The apparently greater downside protection versus NTSX is something that really interests me. I opened a test position with my dry powder/emergency fund.
Yeah this would be great second-wave protection
by HEDGEFUNDIE
Thu May 28, 2020 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 80
Views: 8095

Re: 1:1 salary and stock jobs?

Is 350k out of the realm for finance/investment banking jobs? I know some people who started working for big name NYC firms right out of college without an extra degree but perhaps they’re the exception. Let me qualify my post: in terms of corporate jobs, other than tech, $350k is out of the realm of possibility for anyone with 8 years work experience who is working less than 80 hours a week. Not sure how many hrs IBers work, but I'm guessing it's close to 80hrs, but not exceeding that? If so, then $350k with 8 yoe is definitely possible. Also MBB consultants can do that with 8 yoe, provided you survive long enough: https://managementconsulted.com/consulting-salaries-for-2019-management-consulted/ With max performance it's possible to hit ...
by HEDGEFUNDIE
Thu May 28, 2020 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 80
Views: 8095

Re: 1:1 salary and stock jobs?

fatFIRE wrote: Thu May 28, 2020 7:43 pm
HEDGEFUNDIE wrote: Thu May 28, 2020 2:08 pm Just interviewed somebody today with 8 years of experience since college, currently manages a small team of data analysts. No MBA or masters of any kind.

She’s making $200k base + $150k RSUs per year.

You just don’t see these kind of numbers for comparable roles in any other industry...
Kind of non-sequitur... but how as the interviewer do you know about the salary details of the person you are interviewing?
We are in the offer stage and she volunteered it. She might be lying but given our experience with where she is at now it passes the sniff test.
by HEDGEFUNDIE
Thu May 28, 2020 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 80
Views: 8095

Re: 1:1 salary and stock jobs?

calvin+hobbes wrote: Thu May 28, 2020 4:14 pm Is 350k out of the realm for finance/investment banking jobs? I know some people who started working for big name NYC firms right out of college without an extra degree but perhaps they’re the exception.
Let me qualify my post: in terms of corporate jobs, other than tech, $350k is out of the realm of possibility for anyone with 8 years work experience who is working less than 80 hours a week.
by HEDGEFUNDIE
Thu May 28, 2020 2:20 pm
Forum: Investing - Theory, News & General
Topic: Why are 10-20 year treasuries a poor investment now?
Replies: 26
Views: 2643

Re: Why are 10-20 year treasuries a poor investment now?

My wife and I did quite poorly when we bought five-year bank CDs when inflation was rising. We also made out like bandits when we bought some at peak inflation, carrying interest rates of 13%, and inflation fell. It has made me leery of locking up money into a fixed-number-of-dollar investment for more than a few years. I wouldn't say they are a "poor" investment now, but in real terms they are a "risky" investment because of the amount by which inflation can change over that long a period of time. You don't need hyper inflation for that to happen. I honestly think people born after 1960... that is to say, not old enough to have been aware of money before Volcker--have been lulled by the low, stable inflation we've had ...
by HEDGEFUNDIE
Thu May 28, 2020 2:13 pm
Forum: Investing - Theory, News & General
Topic: SWAN ETF - 10% Leaps / 90% Treasuries
Replies: 174
Views: 29846

Re: SWAN ETF - 10% Leaps / 90% Treasuri

I am strongly considering adding this to my taxable portfolio. Anyone know what the tax efficiency on this is? Specifically how are LEAPs taxed? From the PDF that marshall posted above: Rebalancing of options: • Every6months,eithertheJuneoptionortheDecemberoptionwillbe rolled to the following year. • Ifoptionsareatanetlossonthefirsttradingdayofrebalancemonth,the index is rebalanced on the first business day of trading of that rebalance month (June or December). • Ifoptionsareat a gain,rebalanceoccursat365+1tradingdaysforthe option to make the gain long-term. 2019 distributions were around 4% of beginning of year price. I emailed Amplify about this and they replied back today and confirmed the issue was due to the fund being new and off per...
by HEDGEFUNDIE
Thu May 28, 2020 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 80
Views: 8095

Re: 1:1 salary and stock jobs?

Just interviewed somebody today with 8 years of experience since college, currently manages a small team of data analysts. No MBA or masters of any kind.

She’s making $200k base + $150k RSUs per year.

You just don’t see these kind of numbers for comparable roles in any other industry...
by HEDGEFUNDIE
Thu May 28, 2020 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 24607

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

MMiroir wrote: Thu May 28, 2020 1:35 pm
HEDGEFUNDIE wrote: Thu May 28, 2020 1:19 pmIf I had more time on my hands I would post a chart of median home value (from Zillow) vs. GreatSchools score for various metro areas in the US. Maybe someone can beat me to it?
See the above NYTimes link which charts elementary school performance with average income levels. Those are good proxies for median home value vs Greatschools score.
Except in the Bay Area median income has little to do with home values.
by HEDGEFUNDIE
Thu May 28, 2020 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 24607

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

Can those who are actually familiar with the Bay Area suggest where the OP should move to to get access to the "good" public schools? And how much it would cost to buy into those areas? I live in San Mateo, my house is $1.9M and my public high school is nowhere close to a "good" school. Elementary is even worse. So where are the "good" public schools? Palo Alto? Cupertino? Saratoga? You're looking at $2.5M homes in any of those locales. Can the OP afford that on $450k? Can maybe you or anyone else who lives in the Bay Area help me and maybe others understand how a neighborhood with $1.5 million homes paying $15k+ a year in property tax in a densely populated area not have some great schools in the US? Where we...