Search found 531 matches

by jminv
Mon Oct 15, 2018 2:42 am
Forum: Investing - Help with Personal Investments
Topic: invest in sears bond maturing next week 10/15 , trading at 58c on the $
Replies: 18
Views: 2520

Re: invest in sears bond maturing next week 10/15 , trading at 58c on the $

The CEO stripped all of the most valuable parts of Sears in the last few years so I wouldn't view this as a very secure bond since there's little to pay you back with if this goes to liquidation. I honestly don't see how this won't end in liquidation in the end. They're trying to re-organize and eme...
by jminv
Sun Oct 14, 2018 2:21 pm
Forum: Investing - Theory, News & General
Topic: Has the US bull become addicted to corporate buybacks?
Replies: 16
Views: 1474

Re: Has the US bull become addicted to corporate buybacks?

1. Corporate buybacks now account for the largest share of trading in US stocks, surpassing individual and institutional buying. 2. This year corporations will buy back more than $1 trillion in stock, a record. Something is wrong with the assertion in Item 1 above. It is not believable that “ buyba...
by jminv
Sun Oct 07, 2018 2:11 am
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 137
Views: 9449

Re: What is your annual cost for health insurance?

I pay 0 where I live in Europe (I am on a special scheme, normally there would be some payments, of around 1000 euros a year). Before I was eligible for public insurance, I paid 800 euros a year for private insurance but paid for the couple visits I did have out of pocket since it was ridiculously c...
by jminv
Fri Oct 05, 2018 12:42 pm
Forum: Personal Consumer Issues
Topic: What purchase saved you the most money?
Replies: 136
Views: 12580

Re: What purchase saved you the most money?

Undergrad and, later, grad school both had very high ROIs for me. Post-university I was able to save 70+% of my income which I wouldn’t have been able to do had I not made these purchases. When I still owned a house, I replaced the existing gas pool heater with a heat pump pool heater which paid for...
by jminv
Wed Oct 03, 2018 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Sold Home - 2 days after buyer claims they found an issue with A/C
Replies: 119
Views: 11719

Re: Sold Home - 2 days after buyer claims they found an issue with A/C

Don’t pay. They had a home inspection, found no problems, and on the day after they moved in the ac (supposedly) stopped working ie once everything that goes wrong is now their problem, not yours. Replacing an ac that fast is suspect, too. Plus the day after they close it breaks? They might have jus...
by jminv
Wed Oct 03, 2018 1:05 pm
Forum: Investing - Theory, News & General
Topic: Did Jeff Bezos just pull a Henry Ford?
Replies: 32
Views: 2521

Re: Did Jeff Bezos just pull a Henry Ford?

Another aspect is that you get your pick of workers by having higher than average wages so it's similar to what Costco does. Also, I'd imagine they want to ultimately reduce/have been reducing those on the lower part of the pay scale through productivity improvements (fully autonomous warehouses, et...
by jminv
Wed Oct 03, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Take the hit or ride it out?
Replies: 21
Views: 3630

Re: Take the hit or ride it out?

You haven’t lost 200k. Exchange rates change for all sorts of reasons, including weak future prospects of a country. Your holdings are worth what they are. There’s no natural exchange rate for a floating currency. You should, in general, Stop thinking in terms of past losses and sunk costs and move ...
by jminv
Sun Sep 30, 2018 5:56 pm
Forum: Personal Consumer Issues
Topic: How to tell contractor you don't plan to pay him. [Roofing]
Replies: 65
Views: 5917

Re: How to tell contractor you don't plan to pay him.

In the prior thread, you said an inspector was going to come by and inspect the roof. Did it pass or not? If it did pass, you need to get your own expert, like someone else mentioned above, to vouch for everything wrong with the roof. Otherwise, if it did pass inspection, the contractor will file a ...
by jminv
Sat Sep 29, 2018 5:23 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1969
Views: 365731

Re: What are you up YTD? [Year To Date]

27.31% YTD. I've mentioned before, I do my own stock selection and you could call it a diversified group (around 25) of companies with market power that are growing.

In the last few weeks I noticed a breakdown of some correlations, which is interesting.
by jminv
Thu Sep 27, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4148

Re: SIL - 25x vs firecalc

I was thinking about this some more today. At 65 she will have 2700/month in pension and ss and under the current plan now house payment. That’s really not bad! That’s a positive. In my situation, I live on less than this (since we are excluding housing for a comparable) in a high cost of living are...
by jminv
Thu Sep 27, 2018 5:36 pm
Forum: Investing - Theory, News & General
Topic: SEC charges Musk with Fraud!
Replies: 117
Views: 10600

Re: SEC charges Musk with Fraud!!!

Good, this has been a long time coming. The ‘funding secured’ bit was just the last in a long line of misleading statements and self-dealing. Glad I was correct in an earlier thread about why he picked the 420 price point too. The board might decide to remove him, even though they’re his friends and...
by jminv
Wed Sep 26, 2018 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4148

Re: SIL - 25x vs firecalc

With all due respect, I think this is a terrible burden to foist on a young person getting started in adulthood. Just because you and your wife have chosen to enable your SIL all these years does not mean that he should be pressured into doing the same. Please let him live his life and do not drag ...
by jminv
Wed Sep 26, 2018 2:21 am
Forum: Investing - Help with Personal Investments
Topic: JP Morgan Structured Investments - What am I missing?
Replies: 20
Views: 1460

Re: JP Morgan Structured Investments - What am I missing?

Retail structured investments like this one tend to be targeted at people who are greedy (leveraged returns) but who are also risk averse (the downside protection element). Normally, you would expect a catch with a high return low risk investment and in this case the risk is surely there. There’s al...
by jminv
Tue Sep 25, 2018 2:12 am
Forum: Investing - Theory, News & General
Topic: An algorithm that decides whether it's worth trading to avoid a dividend
Replies: 15
Views: 1361

Re: An algorithm that decides whether it's worth trading to avoid a dividend

It’s unfortunate that a broad market etf which is equivalent to a stripped bond hasn’t been created yet. It Does seem that there would be some demand. If I did a strategy to avoid dividends, I would sell then immediately buy an equivalent etf, not wait till the next day as you mentioned since there’...
by jminv
Thu Sep 20, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7780

Re: Hubby soon to be laid off

Before he’s laid off, I would refinance the home to reduce the outflow and especially the associated stress while he searches for another position. My second choice would to be pay off the house.
by jminv
Wed Sep 19, 2018 4:02 pm
Forum: Investing - Theory, News & General
Topic: How likely is it for a corporate bond rated BAA3/BBB to fail?
Replies: 16
Views: 1490

Re: How likely is it for a corporate bond rated BAA3/BBB to fail?

Since there is default risk, you might want to look at a diversified portfolio of bonds rather than one bond from a singular issuer.
by jminv
Mon Sep 17, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 154
Views: 12097

Re: Considering Quitting Job - Seeking Advice. Would you do it?

The bottom line is that the OP has lost perspective. The key to his golden handcuffs are in his pocket but he refuses to use them. most major corporations insist and work very hard on such indoctrination. you wear their free polo shirts, learn their acronyms, learn their rule sets, learn to think l...
by jminv
Mon Sep 17, 2018 10:04 am
Forum: Investing - Theory, News & General
Topic: Unchanging opinions
Replies: 25
Views: 2256

Re: UNCHANGING OPINIONS

This is not a new finding and is consistent with the publish or perish mentality that exists in academia. 'It's hard to change someone's beliefs/opinions/worldview' is not a new discovery and, incidentally, is also common sense. At least it agrees with past findings unlike some of the other constant...
by jminv
Sun Sep 16, 2018 5:59 am
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 154
Views: 12097

Re: Considering Quitting Job - Seeking Advice. Would you do it?

Those are ridiculous hours to do for an entire career, quit. You have zero work life balance. I say that having done similar hours for a few years. Get some job offers, compare, and make the move. As far as the pension goes, it's worthless if you work yourself to death beforehand or if you are laid ...
by jminv
Sat Sep 15, 2018 7:54 pm
Forum: Personal Consumer Issues
Topic: The twenty dollar rule revisited
Replies: 44
Views: 5154

Re: The twenty dollar rule revisited

You mentioned farther down that she likes to shop which I take to mean that she is doing most of the ‘discretionary’ spending. The $20 rule then applies mostly to her and could be seen as a kind of control. It might be working well now but it will get old quickly. Be careful with it, particularly si...
by jminv
Sat Sep 15, 2018 7:12 pm
Forum: Personal Consumer Issues
Topic: UK boarding school (Intl student)
Replies: 28
Views: 2014

Re: UK boarding school (Intl student)

Take a look at the Swiss boarding schools before making a decision.
by jminv
Thu Sep 13, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 10295

Re: Massive Student Loan Debt - Fiancee

A third option is to get the highest paying position possible and payoff the loan. That’s what I did with my own student debt years ago, although it was much smaller. Although 130k relative to her salary at graduation is high it’s also possible for her to pay it off relatively quickly. She wanted th...
by jminv
Thu Sep 13, 2018 7:19 am
Forum: Personal Consumer Issues
Topic: Buying a house 1 mile away from a municipal landfill
Replies: 43
Views: 3477

Re: Buying a house 1 mile away from a municipal landfill

My primary concern is health effects and how it may affect any children I may have in the future. The secondary concern is the impact it may have on the long term value of the property. I've never smelled anything while being in the neighborhood, but I have seen news reports about residents complai...
by jminv
Wed Sep 12, 2018 10:34 am
Forum: Investing - Theory, News & General
Topic: Can you time the forex market?
Replies: 10
Views: 680

Re: Can you time the forex market?

Hi there, let's say if I frequently purchase US Dollars using Chinese yuan. And right now you know China is manipulating Chinese yuan, artificially depreciating it to make Chinese goods and services more attractive. Can I predict the movement of the CNY- USD market so that I can acquire USD at chea...
by jminv
Wed Sep 12, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Laid Off, Considering Multiple Options - Which Would You Recommend?
Replies: 39
Views: 5462

Re: Laid Off, Considering Multiple Options - Which Would You Recommend?

I would pursue all options since you might otherwise miss an interesting opportunity out there, but would be most inclined to move forward with Option 2 but that's because I prefer doing my own thing. I also don't like being subject to corporate whims. Also, perhaps your wife could consider re-enter...
by jminv
Mon Sep 10, 2018 11:32 am
Forum: Personal Consumer Issues
Topic: Botched countertop installation - leave it as-is or risk the repair?
Replies: 78
Views: 8408

Re: Botched countertop installation - leave it as-is or risk the repair?

I would go for option 1 instead of 2. I really would not count on there being enough flex in the countertop to do option 2 and would actually be more concerned that it would lead to damage than option 1. I’d be concerned about cracks in the countertop from trying this and also the more probable dama...
by jminv
Sat Sep 08, 2018 7:39 pm
Forum: Investing - Theory, News & General
Topic: Deep ITM call options and asset allocation
Replies: 12
Views: 952

Re: Deep ITM call options and asset allocation

I find myself in the pleasant position of having purchased "cheap" OTM calls back in May that have since gone pretty much deep ITM. return is well over 600%. they expire Jan. '19. I had the intention of simply selling in January basically to defer having to pay short term capital gains until april ...
by jminv
Tue Sep 04, 2018 1:56 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to invest in individual stocks (like Kanye West) if you stick to what you know?
Replies: 110
Views: 5764

Re: Does it make sense to invest in individual stocks (like Kanye West) if you stick to what you know?

Kanye mostly bought mostly hot stock that's turned into meme on reddit's wallstreetbets (the ones that weren't memes were the losers, incidentally). When you're at that point, what you're doing is investing in momentum and hoping when it comes time to realize the gain that there is still someone who...
by jminv
Tue Sep 04, 2018 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Help make me more employable
Replies: 18
Views: 2579

Re: Help make me more employable

You have the science side of the equation down. What you don't have is any of the management/business side which is where you need to be to make the real money. Focus on that and office politics/personal relationship skills. My own ROI on recognizing that I had the former but needed the latter and t...
by jminv
Tue Sep 04, 2018 6:10 am
Forum: Investing - Help with Personal Investments
Topic: Windfall in rubles: how should we invest it?
Replies: 22
Views: 2011

Re: Windfall in rubles: how should we invest it?

Given that you can get more than 6% in Russian banks, or even better if you invest it in the stock market there you're expected to gain 15% How accurate have Research Affiliates' forecasts on Russia been in the past? Have you checked? How much has the ruble devaluated in the past 5 years? I woundn'...
by jminv
Tue Sep 04, 2018 3:38 am
Forum: Investing - Help with Personal Investments
Topic: Windfall in rubles: how should we invest it?
Replies: 22
Views: 2011

Re: Windfall in rubles: how should we invest it?

My Russian wife has recently got a windfall (in rubles) and we're uncertain what to do. Given that you can get more than 6% in Russian banks, or even better if you invest it in the stock market there you're expected to gain 15% (I got this graph https://interactive.researchaffiliates.com/asset-allo...
by jminv
Mon Sep 03, 2018 7:29 am
Forum: Investing - Help with Personal Investments
Topic: French/US citizen investments in France and USA
Replies: 4
Views: 574

Re: French/US citizen investments in France and USA

It’s becoming an increasing hassle to be an American living overseas. I fully expect it to continue getting worse. Apart from tax issues, not only does your local financial institution no longer want you but your USA based financial institution doesn’t want you either. As to your question, I would g...
by jminv
Sun Sep 02, 2018 12:33 pm
Forum: Personal Consumer Issues
Topic: Nanny online payment services - why are they so expensive?
Replies: 30
Views: 3363

Re: Nanny online payment services - why are they so expensive?

I am hiring a part time nanny, all legal-above-board payments including taxes. I am looking for an online service that automates tax computation for nanny payments and takes care of the distribution of funds once I send checks to them. I'm amazed to see how expensive the online services for nanny p...
by jminv
Sat Sep 01, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: Thoughts on investing in Uranium???
Replies: 48
Views: 3135

Re: Thoughts on investing in Uranium???

It would be mighty generous for mining companies to sell something on the spot market for $20 which cost $40 to produce. In fact, the marginal cost to produce it is $20 or lower per pound on the portion that is sold in the spot market . The spot market represents 14% of US demand. 86% demand is sold...
by jminv
Wed Aug 29, 2018 8:39 pm
Forum: Personal Consumer Issues
Topic: Chipotle question
Replies: 73
Views: 4512

Re: Chipotle question

The bowl is a much better deal from a quantity/cost standpoint. Since you can also ask for a tortilla for free you can make a burrito and have left overs to take home for later. So make sure you add the tortilla and everything else you are entitled to. Really load it up and ask for all the available...
by jminv
Tue Aug 28, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Stay away from Non Traded Reits?
Replies: 23
Views: 1832

Re: Stay away from Non Traded Reits?

Why do you say that the Blackstone REIT 'famous'? That's a curious statement given that reit has only been in existence since January 2017. I would imagine they entered the space in 2017 since non-traded reits had a bad reputation around that time due to the ludicrous upfront fees, accounting scanda...
by jminv
Mon Aug 27, 2018 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 199
Views: 28311

Re: What to do after losing $117k in stock market?

I couldn't resist and started trading stocks again. I managed to stay more discipline and only lost $1,200 this year. I am done for good. The last straw was when i recently bought PULM, a small biotech company. The next day, the stock dropped by 30% on ZERO news or material events. It's becoming ob...
by jminv
Mon Aug 27, 2018 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Does any broker allow unprotected put options in a UTMA account?
Replies: 11
Views: 1096

Re: Does any broker allow unprotected put options in a UTMA account?

Ask the folks at tastyworks, I know they’re rolling out utma accounts soon. If any broker would do it, it would be them. I suppose you’ve checked interactive brokers already?
by jminv
Sun Aug 26, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: Switching from driving to uber/lyft for daily commute
Replies: 10
Views: 1298

Re: Switching from driving to uber/lyft for daily commute

If you want to evaluate the decision from a financial perspective, this calculator is interesting. Let’s you set your commute time, rides per days, etc. Make sure to look at the extra inputs in the results page, particularly what percent of the rides will he surge pricing (since it is high demand pe...
by jminv
Sat Aug 25, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: Investing in startups (equity crowdfunding)
Replies: 1
Views: 179

Re: Investing in startups (equity crowdfunding)

I’ve looked into these platforms in the past out of curiosity. Essentially, anything you will be able to invest in is a ‘dog’ or too small scale (and not scalable) to matter. The only ideas/companies that you would be able to invest in will be ones that were turned down by a plethora of venture capi...
by jminv
Sat Aug 25, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Investing in a Broadway show production
Replies: 28
Views: 2418

Re: Investing in a Broadway show production

The articles posted above state that only between a quarter and a third of productions manage to cover their costs. Even if your selection ability is somewhat above average and you’re not bringing emotion into it, you’re still likely to pick a dud. I would expect to lose everything going into this. ...
by jminv
Fri Aug 24, 2018 1:13 pm
Forum: Personal Consumer Issues
Topic: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)
Replies: 50
Views: 2496

Re: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)

jminv - She will be in Salzburg, Austria - but might make some weekend train trips to Germany and other nearby countries. She has decided to bring her iPhone6 and find a place to swap the SIM card out when she gets there (seems everyone is saying that's the best option). If you know of a particular...
by jminv
Thu Aug 23, 2018 10:32 am
Forum: Forum Issues and Administration
Topic: Rating system for posts/posters ?
Replies: 60
Views: 2681

Re: Rating system for posts/posters ?

Rating systems tend to result in an echo chamber and are a form of censorship even if what they are saying meets the forum rules. I like it here specifically because it is not an echo chamber and there are a variety of different people with different viewpoints posting. This lets me evaluate differi...
by jminv
Wed Aug 22, 2018 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Check in - more details this time.
Replies: 12
Views: 1036

Re: Check in - more details this time.

I would not pay extra on the heloc and put them both, not just the new arrival, in the less expensive day care. If the only difference between them is gmo free and organic food then why don’t you say the one that’s not on formula has special dietary requirements and provide the food yourself if need...
by jminv
Wed Aug 22, 2018 10:22 am
Forum: Investing - Theory, News & General
Topic: Oversimplifying expected return on rental properties
Replies: 12
Views: 1151

Re: Oversimplifying expected return on rental properties

Two huge assumptions 1. Your rental income will equal the combined costs of the mortgage, property tax, maintenance, property manager (if any), and any other cost. In other words zero net cash flow. With a 30 year mortgage this results in 5.51% annual expected real returns. With a 15 year mortgage ...
by jminv
Wed Aug 22, 2018 6:37 am
Forum: Investing - Help with Personal Investments
Topic: 25 y.o American moving to Suisse for Full-Time Job
Replies: 4
Views: 599

Re: 25 y.o American moving to Suisse for Full-Time Job

Hello! The contract has no end-date, so I will certainly be living there for more than 2-3 years. Questions: With FACTA / FBAR, will I still be able to invest in my Roth IRA while I am living in Switzerland? What is recommended that I do to my Betterment account and 401k? If I am indeed still able ...
by jminv
Tue Aug 21, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Co-habitation agreement - ??
Replies: 103
Views: 6423

Re: Co-habitation agreement - ??

He wants to move in with her and she is considering it. She owns a nice home-free and clear and has a much higher net worth than this man. He is employed in a blue collar job and was never married. How, exactly, is she sure that he has never been married? I would first verify that statement to be t...
by jminv
Tue Aug 21, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Do Universities "Bait and Switch" Financial Aid?
Replies: 16
Views: 1450

Re: Do Universities "Bait and Switch" Financial Aid?

No. Get an offer, keep an offer as per the terms. The part that has your to do with your finances is subject to your finances. No change in position, no change in aid. For merit based aid, there's always the possibility that the child doesn't meet the criteria to continue receiving it due to poor ac...
by jminv
Tue Aug 21, 2018 3:32 pm
Forum: Investing - Theory, News & General
Topic: Is It Possible to Ever Not Have to Worry about Debt
Replies: 12
Views: 1094

Re: Is It Possible to Ever Not Have to Worry about Debt

Problems usually occur when people don't worry about money. The Vanderbilt descendents from the post above are a good example of that. I view worrying about money as a good thing. It helps you keep your expenses and debt in check while leading you to spend time thinking about how to get more money.
by jminv
Tue Aug 21, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: Graduate Degree Mistakenly (?) Conferred - What to Do? [solved]
Replies: 76
Views: 7329

Re: Graduate Degree Mistakenly (?) Conferred - What to Do?

The first thing to do, before raising it with the university, is to order a copy of your transcript which is usually less than $10. This is normally done online through a 3rd party service such as Parchment. You will then be able to see if you are, in fact, missing anything and what grades you recei...