Search found 668 matches

by ohai
Tue Jun 25, 2019 1:07 pm
Forum: Investing - Theory, News & General
Topic: Help me better understand volatility
Replies: 5
Views: 406

Re: Help me better understand volatility

"1. If I'm in the accumulation stage and my goal is simply to maximize returns (and I view downturns and stocks going on sale rather than a time to panic), is there any reason to worry about volatility at all?" Yes, of course. If the market goes down 80% tomorrow, do you think you don't care? You ca...
by ohai
Tue Jun 25, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Pay Cash for Primary Residence?
Replies: 41
Views: 3813

Re: Pay Cash for Primary Residence?

In your case, the house is 25% of your net worth. You have the ability to tolerate risk by holding investments rather than locking it up in a house. The house is 25% of your net worth whether it has a mortgage or not. If your $400K house loses 20% of its value, your net worth declines by $80K, whet...
by ohai
Tue Jun 25, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Pay Cash for Primary Residence?
Replies: 41
Views: 3813

Re: Pay Cash for Primary Residence?

OP, what do you think your investment return would be if you did not use that money to pay for the house? Would it be more than your mortgage rate?

In your case, the house is 25% of your net worth. You have the ability to tolerate risk by holding investments rather than locking it up in a house.
by ohai
Tue Jun 25, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a condo in Chicago?
Replies: 22
Views: 2590

Re: Should I buy a condo in Chicago?

OP, what does your next 5-10y career look like as an L3? Is your career stability aligned with owning a house at this time?
by ohai
Tue Jun 25, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Two NWM 65 Life "Gifts" from Parents. I'm Lost!
Replies: 19
Views: 1826

Re: Two NWM 65 Life "Gifts" from Parents. I'm Lost!

I don't get it. So, your parents signed you up for insurance, which you have to pay for? Do you have any benefit from this, or is this just like your parents signing you up for some random service?
by ohai
Tue Jun 25, 2019 7:53 am
Forum: Personal Consumer Issues
Topic: Re Buying a higher miles but higher end used vehicle... where?
Replies: 12
Views: 1148

Re: Re Buying a higher miles but higher end used vehicle... where?

I thought people just went to Autotrader or Cargurus or something nowadays. I suppose Craigslist or some special forums would have the cheapest card from private sellers though. I don’t know how fixated I’d be on “luxury brands” given that normal brand cars keep getting better in terms of quality an...
by ohai
Mon Jun 24, 2019 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Parent's Home Below Market
Replies: 27
Views: 2502

Re: Buying Parent's Home Below Market

Of course your brother doesn't like this idea. You'd be buying a house that he partially owns for a very cheap price, and then effectively promise to "pay him back" 20 years later with an inheritance share of unknown value - it could be zero for all you know. No rational person would think this is a...
by ohai
Mon Jun 24, 2019 3:20 pm
Forum: Personal Consumer Issues
Topic: Balsamic vinegar?
Replies: 42
Views: 5320

Re: Balsamic vinegar?

I buy all this sort of stuff on Amazon or some website like this, as it is cheaper and there is more selection than grocery stores. However, there is a benefit of having 1000s of customer reviews, that even if unedeucated, are better than some store clerk (the seller themselves) telling you it's good.
by ohai
Mon Jun 24, 2019 2:06 pm
Forum: Personal Consumer Issues
Topic: Thank you, Honda - repair story
Replies: 17
Views: 1731

Re: Thank you, Honda - repair story

What? Is this a common issue among Honda Civics in that year? If not, I don't think it is reasonable to base your perception of the brand on one broken thing in several years of ownership, in one sample out of thousands, which the company paid to fix (which to me, is a sign that it is unusual that t...
by ohai
Mon Jun 24, 2019 1:27 pm
Forum: Personal Investments
Topic: Index fund (voo) returns?
Replies: 19
Views: 1106

Re: Index fund (voo) returns?

Hi, OP. If you can find bonds yielding 4% with good credit, the base assumption should be that equity returns will be significantly higher than 4% to compensate you for risk. Otherwise, risk is mispriced.
by ohai
Mon Jun 24, 2019 12:29 pm
Forum: Personal Consumer Issues
Topic: Clearing undergrowth and bush
Replies: 28
Views: 1480

Re: Clearing undergrowth and bush

OP, battery operated weed whacker kind of tool will be by far the easiest. The closest competing non-powered tool is probably a scythe like in medieaval times. The thing that other guy posted is basically a less intimidating scythe.
by ohai
Mon Jun 24, 2019 12:17 pm
Forum: Investing - Theory, News & General
Topic: Higher risk ETF
Replies: 11
Views: 528

Re: Higher risk ETF

How about ETF with 2x or 3x leverage? Anyway, if you believe capital asset pricing model and mean variance optimization, the most efficient portfolio is the full market, whose leverage you just scale if you want to change your risk exposure. Daily rebalanced leveraged ETFs can work well in a balanc...
by ohai
Mon Jun 24, 2019 10:07 am
Forum: Investing - Theory, News & General
Topic: Higher risk ETF
Replies: 11
Views: 528

Re: Higher risk ETF

How about ETF with 2x or 3x leverage?

Anyway, if you believe capital asset pricing model and mean variance optimization, the most efficient portfolio is the full market, whose leverage you just scale if you want to change your risk exposure.
by ohai
Sun Jun 23, 2019 5:22 pm
Forum: Personal Consumer Issues
Topic: Premium vs Big Box outdoor furniture
Replies: 8
Views: 787

Re: Premium vs Big Box outdoor furniture

I recently spent like $3k on sofas from I guess higher quality places. In person, they are significantly better than low quality furniture that I had bought before. Of course, if I had not bought this more expensive furniture, I probably would never known it was better and would have been happy with...
by ohai
Sat Jun 22, 2019 9:47 pm
Forum: Investing - Theory, News & General
Topic: Net worth and risk tolerance
Replies: 28
Views: 3977

Re: Net worth and risk tolerance

OP, risk tolerance is a function of all your assets - human capital and financial capital. How would you justify medical students going into debt? It's because they create human capital worth several million dollars, such that paying $300k to $400k for school is worthwhile. On the other hand, if you...
by ohai
Sat Jun 22, 2019 11:37 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Volatility Targeting Improves Risk Adjusted Returns
Replies: 25
Views: 1625

Re: Larry Swedroe: Volatility Targeting Improves Risk Adjusted Returns

Hi. There are a ton of financial products that express this sort of volatility controlled view, and they are becoming more popular over time. Although I am skeptical of many financial products, the very basic leverage controlled portfolio, as described here, has provided decent risk adjusted perfor...
by ohai
Sat Jun 22, 2019 11:25 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Volatility Targeting Improves Risk Adjusted Returns
Replies: 25
Views: 1625

Re: Larry Swedroe: Volatility Targeting Improves Risk Adjusted Returns

Hi. There are a ton of financial products that express this sort of volatility controlled view, and they are becoming more popular over time. Although I am skeptical of many financial products, the very basic leverage controlled portfolio, as described here, has provided decent risk adjusted perfor...
by ohai
Sat Jun 22, 2019 11:17 am
Forum: Investing - Theory, News & General
Topic: Ever been a Ponzi scheme or fraud victim? Other signs?
Replies: 11
Views: 1248

Re: Ever been a Ponzi scheme or fraud victim? Other signs?

My friend invested almost $2 million in his childhood friend’s asset management company, which turned out to be such a scheme. This was a one man shop whose clients were just a few people in this social circle. After 10 years, he did manage to recover some of the assets and the manager is coming out...
by ohai
Sat Jun 22, 2019 12:37 am
Forum: Personal Consumer Issues
Topic: Anyone moved cross country. How did you manage to do it without going nuts??
Replies: 46
Views: 3705

Re: Anyone moved cross country. How did you manage to do it without going nuts??

OP, I moved coast to coast, without kids but with pets... Overall, it was pretty easy. I went first and rented an apartment. Then, my wife came with the pets. Then, the movers shipped all our stuff. We had professional help to pack, move and unload everything. If you can afford to, spending money on...
by ohai
Sat Jun 22, 2019 12:27 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Volatility Targeting Improves Risk Adjusted Returns
Replies: 25
Views: 1625

Re: Larry Swedroe: Volatility Targeting Improves Risk Adjusted Returns

Hi. There are a ton of financial products that express this sort of volatility controlled view, and they are becoming more popular over time. Although I am skeptical of many financial products, the very basic leverage controlled portfolio, as described here, has provided decent risk adjusted perform...
by ohai
Fri Jun 21, 2019 4:25 pm
Forum: Personal Consumer Issues
Topic: what was your worst major purchase? mine is a 2019 mazda3
Replies: 165
Views: 12105

Re: what was your worst major purchase mine is a 2019 mazda3

TomatoTomahto wrote:
Fri Jun 21, 2019 3:59 pm
Audi TT. Junk trash garbage.
Which generation TT did you get?
by ohai
Fri Jun 21, 2019 4:06 pm
Forum: Investing - Theory, News & General
Topic: Good times: 2008 vs Now
Replies: 85
Views: 8460

Re: Good times: 2008 vs Now

1) Wages have kept up with inflation in general (neutral) 2) Unemployment has gone down (positive) 3) Higher employment among lower wage people means wage growth is actually higher for others (positive) 4) Asset prices are going up (positive) 5) Consumer confidence has increased (positive) 6) GDP is...
by ohai
Fri Jun 21, 2019 3:12 pm
Forum: Investing - Theory, News & General
Topic: Good times: 2008 vs Now
Replies: 85
Views: 8460

Re: Good times: 2008 vs Now

OP, What good times? What recovery? I had been facing quarterly and annual laid off from my employers over the last 10+ years. There was no recovery for many of us. KlangFool Of course there was a recovery for you Klang. You're being silly. You've been working, you've saved a ton of money. You've f...
by ohai
Fri Jun 21, 2019 1:59 pm
Forum: Personal Consumer Issues
Topic: what was your worst major purchase? mine is a 2019 mazda3
Replies: 165
Views: 12105

Re: what was your worst major purchase mine is a 2019 mazda3

Emerging Market funds. What a joke these have been. Finally, I sold everything international in 2018 and went all-in on the US, the only real investable country lately.
by ohai
Fri Jun 21, 2019 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Permanent DINK couples - Considerations, thoughts, etc?
Replies: 97
Views: 9826

Re: Permanent DINK couples - Considerations, thoughts, etc?

I have some relatives like that. They have siblings, but in general, they are going to die alone. The problem is not really so much dying alone, but what happens when living with failed cognitive, mental, and/or physical health. Having no kids in most likelihood makes that stage of life extremely p...
by ohai
Fri Jun 21, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Permanent DINK couples - Considerations, thoughts, etc?
Replies: 97
Views: 9826

Re: Permanent DINK couples - Considerations, thoughts, etc?

I have some relatives like that. They have siblings, but in general, they are going to die alone.
by ohai
Fri Jun 21, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Behaviour once the game is won
Replies: 18
Views: 3103

Re: Behaviour once the game is won

Wait so, did you wake up one day and were like, oh I have $10 million, now stop working? I don't think I've really see anyone change behavior like that, in the absence of forced decision, i.e. getting fired or something.
by ohai
Thu Jun 20, 2019 2:05 pm
Forum: Investing - Theory, News & General
Topic: I'm still young but...
Replies: 31
Views: 4105

Re: I'm still young but...

SPX Total Return Index on 10/31/2017: $2447 Today: $5875.45 What market drop? Sure, market will drop 10% or 20% at some point. If it is up 100% before then, who cares? Stocks are not like Bitcoin, something with no intrinsic value whose price is driven by supply and demand. Company capital is used f...
by ohai
Thu Jun 20, 2019 11:01 am
Forum: Personal Consumer Issues
Topic: Tree stump, can't use a stump grinder. Solution?
Replies: 64
Views: 5352

Re: Tree stump, cant use a stump grinder. Solution?

I see a lot of people burning those stumps on YouTube. What could go wrong? I mean, the ground is not going to catch fire, right? Just make sure there is no underground methane tank or something around there... Actually, you should probably get your city power line plans or something like that befor...
by ohai
Thu Jun 20, 2019 9:24 am
Forum: Investing - Theory, News & General
Topic: Why isn’t stock market lower today ?
Replies: 14
Views: 1352

Re: Why isn’t stock market lower today ?

Why, was the US particularly attached to that drone? So far, any hostility, economic or otherwise, has been limited to Iran, which the US has basically already cut off from trade. There's not much more that they would be willing to do. Anyway, how do you know that the market is not already lower? Ma...
by ohai
Thu Jun 20, 2019 9:11 am
Forum: Personal Consumer Issues
Topic: Mosquitos
Replies: 45
Views: 3715

Re: Mosquitos

If you are just going to be on a confined area such as your deck, you should get one of those bug zapping things. This seems better to me than spraying chemicals on yourself and it is also a form of entertainment for you and your children.
by ohai
Thu Jun 20, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Career advice: How to phrase job-change for family reasons?
Replies: 13
Views: 1526

Re: Career advice: How to phrase job-change for family reasons?

OP, being close to family is one of most accepted reasons for job change. In fact, it can add to your career credibility, as they will be more likely to believe that you will not move to a different location eventually. This is especially true in satellite cities where there might not be any other a...
by ohai
Thu Jun 20, 2019 12:54 am
Forum: Non-US Investing
Topic: Concentration risk of networth in one ETF in one broker
Replies: 13
Views: 1144

Re: Concentration risk of networth in one ETF in one broker

In the US, pretty much any bank offers good brokerage services that are virtually indistinguishable in functionality. Because of this, the most practical choice is usually to consolidate accounts in the bank where you do most of your banking. First, it is much faster to transfer money between these ...
by ohai
Thu Jun 20, 2019 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Getting my own Chase Sapphire Reserve or added as authorized user?
Replies: 23
Views: 1805

Re: Getting my own Chase Sapphire Reserve or added as authorized user?

"added as an authorized user on my best friend's account"

Your friend is letting you join their credit card? You must really be a good friend.
by ohai
Thu Jun 20, 2019 12:16 am
Forum: Personal Finance (Not Investing)
Topic: HR telling my wife not to contribute 100% of her salary to 401k
Replies: 24
Views: 4329

Re: HR telling my wife not to contribute 100% of her salary to 401k

The only way I can think this works is if your wife is assumed to have under withheld taxes for the first part of the year. Therefore, HR wants you to hold back 10% of the paycheck to make up for those under withheld taxes. But yes, I don't see how they would determine this without knowing the whole...
by ohai
Wed Jun 19, 2019 3:16 pm
Forum: Investing - Theory, News & General
Topic: happy when the market is down - want to understand
Replies: 42
Views: 3405

Re: happy when the market is down - want to understand

The only reason this could be logical, IMO, is if a recent dip means you can expect greater returns in the future than if the dip had not occurred. Now, if you believe the random walk model of the market (with no momentum, etc), then this cannot be true: recent behavior has no effect on the future....
by ohai
Wed Jun 19, 2019 1:42 pm
Forum: Personal Investments
Topic: Topic: tiny house + property good or bad investment?
Replies: 38
Views: 2807

Re: Topic: tiny house + property good or bad investment?

Land is probably an inefficient investment, because you are not realizing the potential to collect rents if you don't build it up. If the price is really low, I guess it doesn't matter that much, but if you want to make any money I doubt this is the best thing.
by ohai
Wed Jun 19, 2019 11:50 am
Forum: Investing - Theory, News & General
Topic: happy when the market is down - want to understand
Replies: 42
Views: 3405

Re: happy when the market is down - want to understand

I mean, that is true if you assume all declines are temporary. However, if the market goes down 1%, it usually went down for real. At the very least, you lose time, which is more or less like money. Not if your in the accumulation phase. As long as you remain employed, a drop-in price Is good for a...
by ohai
Wed Jun 19, 2019 10:44 am
Forum: Investing - Theory, News & General
Topic: happy when the market is down - want to understand
Replies: 42
Views: 3405

Re: happy when the market is down - want to understand

I mean, that is true if you assume all declines are temporary. However, if the market goes down 1%, it usually went down for real. At the very least, you lose time, which is more or less like money.
by ohai
Wed Jun 19, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire in 1 year at 53
Replies: 54
Views: 9108

Re: Can I retire in 1 year at 53

OP, I think you should re phrase this question. If you ask about retirement - Yes or No, then most people would probably say yes. However, the answer is really probabilistic. Perhaps you have a 90% chance of fulfilling the goals you stated. Is it worth working a few more years to get that to 95%? Yo...
by ohai
Wed Jun 19, 2019 7:46 am
Forum: Investing - Theory, News & General
Topic: happy when the market is down - want to understand
Replies: 42
Views: 3405

Re: happy when the market is down - want to understand

Most people are not thinking rationally. They have $1 million portfolio, yet feel that they benefit somehow if the market goes down 5%, as they can buy $20k of stocks. Sometimes a market decline is short, but usually, it takes maybe 6 months to recover - and that is lost time when stocks would other...
by ohai
Wed Jun 19, 2019 7:30 am
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 89
Views: 6979

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

One of the key ingredients to wealth building which I see pop up, again and again, is having multiple sources of income. FWIW, this is a complete myth. No one ever provides anything remotely close to actual evidence. Just a lot of talk. Go look at the list of the Top 100 richest people in the world...
by ohai
Tue Jun 18, 2019 10:43 pm
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 89
Views: 6979

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

OP, you could spend a lot of time working three kinds of jobs - write a book, while running an Amazon store, while doing something else, etc. However, for most people, the most efficient way to transform time into money is to invest in a single high paying profession. If you really are the type of p...
by ohai
Tue Jun 18, 2019 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire in 1 year at 53
Replies: 54
Views: 9108

Re: Can I retire in 1 year at 53

OP, if you don't think these assets are sufficient, then what would you think is enough?
by ohai
Tue Jun 18, 2019 12:40 pm
Forum: Personal Consumer Issues
Topic: Where to Live? N. Orange County, CA or Vancouver, WA or Atlanta
Replies: 74
Views: 5557

Re: Where to Live? N. Orange County, CA or Vancouver, WA or Atlanta

I'd move to Orange County and just make more money somehow.
by ohai
Tue Jun 18, 2019 12:28 pm
Forum: Personal Consumer Issues
Topic: Can I get the new customer rate from Verizon Fios? Or should I switch to Spectrum?
Replies: 30
Views: 1612

Re: Can I get the new customer rate from Verizon Fios? Or should I switch to Spectrum?

OP, I have Spectrum in NYC, internet only. The service is fine - I have not had any service cuts or slowness. I pay $40 or $50 a month. I was initially going to get Verizon FIOS, but they had a worker strike when I moved... Spectrum has the benefit of not forcing you to use that huge FIOS modem thin...
by ohai
Tue Jun 18, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Posponing FIRE to go back to School
Replies: 20
Views: 1697

Re: Posponing FIRE to go back to School

OP, be realistic. It does not sound like you are anywhere near "financial independence". You're barely making $100k, not $1000k and have insubstantial savings. Your decision will make the difference between being able to retire in something like 30 years or 34 years from today, not 0 years vs. 5 yea...
by ohai
Mon Jun 17, 2019 2:51 pm
Forum: Personal Consumer Issues
Topic: Anyone make their own tortillas?
Replies: 37
Views: 3003

Re: Anyone make their own tortillas?

I'd definitely recommend a press if you intend to do this a lot.
by ohai
Mon Jun 17, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: wood floors and general cleaning: steam?
Replies: 29
Views: 1983

Re: wood floors and general cleaning: steam?

What? How did you come up with steam cleaning a wood floor? Usually, you just wipe it and put some kind of special oil... if it is a drastic case, then sand and refinish.