Search found 150 matches

by tmcc
Thu Nov 15, 2018 7:12 am
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 151
Views: 18455

Re: [Financial] Habits of the Rich

Without fun cars, what's the point of being rich? Security Every time I see this, or something similar that touts "security", I can only think of James Thurber. A large spider in an old house built a beautiful web in which to catch flies. Every time a fly landed on the web and was entangled in it t...
by tmcc
Wed Nov 14, 2018 7:13 am
Forum: Investing - Theory, News & General
Topic: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?
Replies: 64
Views: 3186

Re: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?

It is obvious that identifying an inflection point (reversal) is the best case scenario for an investment strategy. The key risk is whether or not your pockets are deep enough to tolerate some amount of error in timing or pricing.

Who here is willing to put real money into margin buying ?
by tmcc
Wed Nov 07, 2018 10:41 am
Forum: Investing - Help with Personal Investments
Topic: difference going long on a leveraged etf and short on its inverse?
Replies: 14
Views: 961

Re: difference going long on a leveraged etf and short on its inverse?

the ETF attempts to mirror the underlying index. that is not a guarantee that it will match. it may be more or less than actual underlying index performance. this could be good or bad. when a 3x or 2x ETF loses versus the underlying index, the percent change will not add up to the underlying index o...
by tmcc
Wed Nov 07, 2018 10:11 am
Forum: Investing - Help with Personal Investments
Topic: difference going long on a leveraged etf and short on its inverse?
Replies: 14
Views: 961

Re: difference going long on a leveraged etf and short on its inverse?

I can't help myself and love trading these. LABU / LABD is another good pair. if you're intent on levering up, consider traditional margin on a regular old ETF like SPY. you can achieve 4x and margin interest is probably less than the impact of the slippage if you have to ride out a bad trade. here ...
by tmcc
Tue Nov 06, 2018 6:41 am
Forum: Investing - Theory, News & General
Topic: Do people calculate savings rate on gross income?
Replies: 118
Views: 7347

Re: Do people calculate savings rate on gross income?

net and gross change all the time but bills are relatively constant. % of expenses is the most apples to apples method of measuring savings. adjusting the expense lines for non-recurring expenses is normal. ie, if you're approaching FIRE and part of your cash flow calc includes paying off your house...
by tmcc
Fri Nov 02, 2018 1:53 pm
Forum: Investing - Theory, News & General
Topic: How do you trade ETFs exactly like mutual funds?
Replies: 51
Views: 3308

Re: How do you trade ETFs exactly like mutual funds?

Certainty of execution is the crucial thing. Mutual funds trade at next NAV, which is unknown to you until a couple of hours after the market closes. ETFs can be traded with limit orders or marketable limit orders, and you know for certain you won't get a worse price than you specified. That's a gr...
by tmcc
Fri Oct 26, 2018 6:14 pm
Forum: Investing - Theory, News & General
Topic: 2019 Retirement Contribution Limits Announced
Replies: 54
Views: 7018

Re: 2019 401(k) Contribution Limit

the HSA limit for both individuals and families is comically low given how much of a struggle it is in the event of an actual illness. both should be at least double. "here save $3450 tax free this year. but remember that hospital visit? yeah. your total will be $257,000 from the facility, $75,000 f...
by tmcc
Fri Oct 26, 2018 4:48 am
Forum: Investing - Help with Personal Investments
Topic: E-Mini futures to replace Equity ETF in portfolio
Replies: 12
Views: 631

Re: E-Mini futures to replace Equity ETF in portfolio

be aware of the difference in dollar value. each tick (minimum movement) in the S&P e-mini is $12.50. each 1% move up or down right now is about $1350 per contract in unrealized gain/loss. also, the contracts have to be rolled manually from month to month before expiration. the effective leverage is...
by tmcc
Wed Oct 24, 2018 6:52 am
Forum: Personal Finance (Not Investing)
Topic: ESPP purchase doesn't add up
Replies: 12
Views: 878

Re: ESPP purchase doesn't add up

the difference could be the FMV at time of grant and what you were being taxed at versus FMV when you checked it.... if the share count is OK, then you're fine. if you use the price to back into what share count should have been, you might be off due to timing.
by tmcc
Tue Oct 16, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: apartment building FCF spreadsheet
Replies: 3
Views: 216

Re: apartment building FCF spreadsheet

Thanks for the feedback. If you spotted a good one in google, please post it..

I am hoping to build upon some quality work rather than start from scratch.
by tmcc
Tue Oct 16, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: apartment building FCF spreadsheet
Replies: 3
Views: 216

apartment building FCF spreadsheet

Hello, does anyone have a FCF spreadsheet they can share for evaluating R/E investments? I am looking at buying an apartment building . I know the obvious things such as debt, interest, taxes, insurance, professional, maint and whatnot . I am hoping to learn from the big guns here if someone would b...
by tmcc
Tue Oct 02, 2018 5:39 am
Forum: Investing - Theory, News & General
Topic: SEC charges Musk with Fraud!
Replies: 117
Views: 10804

Re: SEC charges Musk with Fraud!!!

Comparing Tesla to other car manufactures in the context of , "see?? they're almost there!!" while their forward PE is like 500 is comical.
by tmcc
Mon Oct 01, 2018 6:35 pm
Forum: Investing - Theory, News & General
Topic: Why does Vanguard reccomend 60:40 US:International ratio?
Replies: 52
Views: 7760

Re: Why does Vanguard reccomend 60:40 US:International ratio?

International and emerging are total dogs so far this year.
by tmcc
Wed Sep 12, 2018 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Upper six-figures portfolio & tax management part 2
Replies: 18
Views: 2678

Re: Upper six-figures portfolio & tax management part 2

Wait why are you supposed to not reinvest dividends in taxable? Doesn't that increase your basis which reduces the LTCG? ie less tax on sale?
by tmcc
Wed Sep 12, 2018 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: New Job (1st Management Role)
Replies: 30
Views: 3016

Re: New Job (1st Management Role)

- there is zero in 'management' that requires for you to work more, do not fool yourself except when your people either screw up or even when something isn't actually screwed up but the rumor has made its way to the highest levels. then you have to explain the matter to a blue ribbon committee of p...
by tmcc
Wed Sep 12, 2018 6:53 pm
Forum: Personal Consumer Issues
Topic: Pet insurance
Replies: 31
Views: 2831

Re: Pet insurance

if you're seriously considering pet insurance look very closely at deductibles.
by tmcc
Tue Sep 11, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 6046

Re: Lab test prices - exasperating!

get to a point where you're financially independent and let it go to collections for spite.
by tmcc
Tue Sep 11, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: How do you track your medical expenses for future HSA withdrawals?
Replies: 3
Views: 411

Re: How do you track your medical expenses for future HSA withdrawals?

i keep a spreadsheet but cashflow it... HSA contribution limits are so nominal that if you use it, you'll never get to a meaningful balance over time.
by tmcc
Tue Sep 11, 2018 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: 401K vs Taxable Brokerage Account
Replies: 17
Views: 1366

Re: 401K vs Taxable Brokerage Account

depends on future tax rate and liquidity needs, doesnt it?

the short answer is that if you have to pick, its 401k.

if you don't have to pick then the Q is moot.
by tmcc
Tue Sep 11, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: New Job (1st Management Role)
Replies: 30
Views: 3016

Re: New Job (1st Management Role)

If you can't negotiate higher, I would just take it and look for greener pastures at a new company in the director grade. 8-)
by tmcc
Mon Sep 10, 2018 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: New Job (1st Management Role)
Replies: 30
Views: 3016

Re: New Job (1st Management Role)

If you would have 4-5 reports, there is no way the grading should be the same as an individual contributor role. I would challenge you to present that the HR grading is wrong. No less than 10% should be acceptable IMO. Does your company give RSUs at manager+? Depending on your total comp, maybe much...
by tmcc
Thu Aug 16, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Negative Insurance Discount with United Health Care and Sentara
Replies: 42
Views: 2931

Re: Negative Insurance Discount with United Health Care and Sentara

So I just got something that feels like a scam to me, even if it is indeed legal. My wife had a routine periodic chest x-ray done to check for TB. Sentara billed the insurance company $184 for the procedure so you would think that would be my maximum liability under the deductible. But no, apparent...
by tmcc
Wed Aug 15, 2018 5:27 pm
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 63
Views: 5709

Re: Bullish/bearish on GE? Make your case here - new lows today

DaftInvestor wrote:
Wed Aug 15, 2018 5:02 pm
tmcc wrote:
Wed Aug 15, 2018 4:59 pm

the house is always wrong at the top and at the bottom.
Yup - but the only problem you have is you have no idea if this is the bottom.
that is a good thought. at this time, probability says otherwise. risk vs return is very low buying at historical lows relative to high volatility.
by tmcc
Wed Aug 15, 2018 4:59 pm
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 63
Views: 5709

Re: Bullish/bearish on GE? Make your case here - new lows today

Betting on loser companies is a fool's game. This is not investing. It is speculating, or in this case...gambling with the house against you. Stick to a low cost, diversified equity mutual fund from Vanguard or Fidelty. You will do better in the long run. the house is always wrong at the top and at...
by tmcc
Wed Aug 15, 2018 3:36 pm
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 63
Views: 5709

Re: Bullish/bearish on GE? Make your case here - new lows today

https://www.bloomberg.com/view/articles/2018-08-15/ge-stock-slump-no-quick-fix-keeps-bottom-out-of-reach BIG BEAR. They used to be a large diversified company. They have spun off many of their businesses over the years (financial services, etc.) and the business you know them by (Appliances, light-b...
by tmcc
Wed Aug 15, 2018 12:15 pm
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 63
Views: 5709

Bullish/bearish on GE? Make your case here - new lows today

GE is doing decade lows today. I bought $2000 worth at 12.xx today . In 2008, their low was ~$8.50. Today they're trading $12.xx. I can see it doing 8 unless it goes to zero which means I'll take heat for about 1/3 of my position size. If their old low marks the ultimate bottom. I don't really know ...
by tmcc
Thu Jul 05, 2018 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Evaluating New Job Offer
Replies: 24
Views: 1836

Re: Evaluating New Job Offer

$112000 / (2080 - (28 days PTO x 8)) = $60.34 effective hourly pay $165000 / (2080 - (15 days PTO x 8) + (3 hours commute x 47 weeks x 5 days)) = $61.91 effective hourly pay The math says both jobs pay similarly by the hour. I wouldn't mind driving 3 hours a day for $186. Uber drivers work a whole ...
by tmcc
Fri Jun 22, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: 4K Computer Monitors: 27 vs 32 inches?
Replies: 29
Views: 2880

Re: 4K Computer Monitors: 27 vs 32 inches?

at work i have a 27" 4k and at home i have a 32" 4k. 100% get the 32. your eyes will thank you. I might have them swap out my 27 for a 32 at work because i am squinting more than I thought.
by tmcc
Sun Jun 17, 2018 7:09 pm
Forum: Investing - Theory, News & General
Topic: Gundlach sees 10 yr yields hitting 6%
Replies: 18
Views: 3394

Re: Gundlach sees 10 yr yields hitting 6%

$1 says 10y isnt going to 6% by 2020 without a major cut back in big government size and deficit spending. any takers? I'm also skeptical of Gundlach's prediction, but I don't understand the proposed terms of your bet. Are you saying that 6% 10-year yields won't happen unless there are government s...
by tmcc
Sun Jun 17, 2018 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: How much (green) cash at home for emergency ?
Replies: 169
Views: 15702

Re: How much (green) cash at home for emergency ?

Let's see..... I have.... $44. $20, $10, two $5 and four $1. 8-)
by tmcc
Sun Jun 17, 2018 6:46 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2306
Views: 1455701

Re: The Three-Fund Portfolio

I'm a 4 fund portfolio right now. Total US and developed international are fine. Emerging is a total dog. I suppose a portfolio cant always be up on everything. Still.

75 - Total stock
10 - Int Total stock
5 - Emerging stock
10 - Bond
by tmcc
Sun Jun 17, 2018 6:42 pm
Forum: Investing - Theory, News & General
Topic: Gundlach sees 10 yr yields hitting 6%
Replies: 18
Views: 3394

Re: Gundlach sees 10 yr yields hitting 6%

$1 says 10y isnt going to 6% by 2020 without a major cut back in big government size and deficit spending. any takers?
by tmcc
Sun Jun 17, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Boat Liability
Replies: 7
Views: 1143

Re: Boat Liability

I had a center console a few years back. it was fun. just remember when considering anything that has to do with a boat....


B.O.A.T. - Break Out Another Thousand
by tmcc
Wed Jun 13, 2018 7:41 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin Price Manipulation
Replies: 45
Views: 5678

Re: Bitcoin Price Manipulation

If you are manipulating the futures contract, that is a different story. If you're in the "cash" cryptos, they are an over the counter currency (or whatever it is) and are not regulated. Same goes for fx. Take a look at bid ask spreads on major fx pairs on central bank days and tell me there is no m...
by tmcc
Wed Jun 13, 2018 7:32 pm
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 47
Views: 5454

Re: How and when do you decide to do Tax Loss Harvesting?

so lets say someone is at vanguard. could you flip from their total market ETF to the mutual fund without triggering a wash sale? I Probably not. There is no tax consequence from going from investor share to admiral. So I would assume that the same would apply here. I believe you would have a wash ...
by tmcc
Wed Jun 13, 2018 7:19 pm
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 47
Views: 5454

Re: How and when do you decide to do Tax Loss Harvesting?

so lets say someone is at vanguard.

could you flip from their total market ETF to the mutual fund without triggering a wash sale?
by tmcc
Wed Jun 13, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: recommendations for HELOC? does it matter to pick the cheapest rate?
Replies: 11
Views: 1331

Re: recommendations for HELOC? does it matter to pick the cheapest rate?

whether interest, closing fees or maintenance fees, you'll probably pay no matter what.
by tmcc
Wed Jun 13, 2018 6:05 am
Forum: Personal Finance (Not Investing)
Topic: AA relative to mortgage
Replies: 1
Views: 242

AA relative to mortgage

I've read people here say that paying down mortgage is like investing in a 30y bond. The reality is a little more complicated of course but lets not dwell on that. in my after tax investment which is 90/10, maybe I should stop buying the bonds and just make that 10% an additional mortgage prepayment...
by tmcc
Sat Jun 09, 2018 8:54 pm
Forum: Personal Consumer Issues
Topic: Found an FSBO home for sale. How to avoid Realtor?
Replies: 42
Views: 3873

Re: Found an FSBO home for sale. How to avoid Realtor?

realtors are useless middlemen

of all professional services, it is the one I respect the least
by tmcc
Sat Jun 09, 2018 8:21 pm
Forum: Personal Consumer Issues
Topic: Found an FSBO home for sale. How to avoid Realtor?
Replies: 42
Views: 3873

Re: Found an FSBO home for sale. How to avoid Realtor?

You can, but as a buyer you aren't paying for the realtor's services so it doesn't make a lot of sense. The seller will be paying your realtor fee. this is a misconception and outright wrong. seller's pricing factors in 6% of their gross for realtor costs. if they know that they won't be incurring ...
by tmcc
Sat Jun 09, 2018 7:36 pm
Forum: Personal Consumer Issues
Topic: Porsche Macan
Replies: 28
Views: 3401

Re: Porsche Macan

if you buy new, discounts are trivial at best. imo, find an adult owned private seller on ebay or cargurus that has the options you want. be patient. you'll have substantially the same car for much less than MSRP. dealers always screw people hard on trade value. there is substantial ground to play ...
by tmcc
Sat Jun 09, 2018 5:51 am
Forum: Personal Consumer Issues
Topic: Porsche Macan
Replies: 28
Views: 3401

Re: Porsche Macan

if you buy new, discounts are trivial at best. imo, find an adult owned private seller on ebay or cargurus that has the options you want. be patient. you'll have substantially the same car for much less than MSRP. dealers always screw people hard on trade value. there is substantial ground to play w...
by tmcc
Thu Jun 07, 2018 5:51 am
Forum: Personal Consumer Issues
Topic: Is there a forum for legal matters?
Replies: 18
Views: 2025

Re: Is there a forum for legal matters?

also be wary of disclosure of your legal issue in a public forum (internet). if you end up in arbitration or court, that may be a serious issue if you gave away key details to try to drum up a free lunch to save on fees. if the counterparty finds your thread, rest assured they will use it against yo...
by tmcc
Thu Jun 07, 2018 5:49 am
Forum: Personal Consumer Issues
Topic: Switching car insurance agents
Replies: 15
Views: 1542

Re: Switching car insurance agents

if you have a broker for home insurance/umbrella/whatever , you could try giving them a call. my home insurance broker/agent has dug up the best rates for me and I usually change annually if its more than $100 or so. he makes money, i save money - its a good deal for everyone. whenever I have tried ...
by tmcc
Thu May 31, 2018 7:48 pm
Forum: Investing - Theory, News & General
Topic: Entreprenuerial opinions/advice
Replies: 7
Views: 908

Re: Entreprenuerial opinions/advice

Thank you for the feedback. I reached out to setup a mentoring session through Score. TBD!
by tmcc
Thu May 31, 2018 7:49 am
Forum: Investing - Theory, News & General
Topic: Entreprenuerial opinions/advice
Replies: 7
Views: 908

Entreprenuerial opinions/advice

I am trying to bring an idea to life. I'm struggling with how to go from early stage concept to reality. Here is what I have done thus far at a summary level: 1. R&D costs for technical feasibility 2. Legal/org costs for boiler plate NDA, org docs and entity structure 3. 5 year business strategy 4. ...
by tmcc
Mon May 21, 2018 5:34 am
Forum: Personal Finance (Not Investing)
Topic: Lender Funded Without Authorization
Replies: 5
Views: 861

Re: Lender Funded Without Authorization

Do you have any actual damages? Or did they just send a wire then pull it? If you lose the contract, I think you definitely have something to discuss. The presentation of your question seems like it largely depends on if the contract is fulfilled and the circumstances of the untimely funding as pert...
by tmcc
Mon May 14, 2018 7:40 pm
Forum: Investing - Theory, News & General
Topic: Gross Margin - why aren't traffic acquisition costs counted as COGS for tech companies?
Replies: 16
Views: 941

Re: Gross Margin - why aren't traffic acquisition costs counted as COGS for tech companies?

basic accounting also introduces the matching principle: revenue should be matched with expenses. if a company's revenue is directly driven by what is currently an operating expense then clearly GAAP accounting rules have been left behind, hm? How could you make a case that advertising is a cost in...
by tmcc
Mon May 14, 2018 5:29 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 11914

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

why contribute after tax to a 401k if there is no deduction favorability or FIT wage reduction? :shock:

just save the equivalent after tax money to a brokerage......... right? am I missing something obvious?