Search found 220 matches

by tmcc
Sun Jan 20, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Bank Acquisition Lowering Credit Score
Replies: 6
Views: 486

Re: Bank Acquisition Lowering Credit Score

This happened to me too. Annoying because it messes with average age of credit.. it was a 40 point swing from end to end but it was net zero impact after a few months
by tmcc
Sun Jan 20, 2019 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Divorce w/child. Spouse wants to move.
Replies: 128
Views: 7878

Re: Divorce w/child. Spouse wants to move.

I read the question as how much should I get paid to move? Kind of reads like how much will you pay me to continue to see my child? Without knowing the rest of the situation this is really a crappy selfish kind of thing to ask. Regardless, not enough info. I'd suggest professional legal advice. It ...
by tmcc
Sat Jan 19, 2019 2:07 pm
Forum: Personal Consumer Issues
Topic: Buy house without agent
Replies: 55
Views: 4320

Re: Buy house without agent

The internet has made buy side realtors useless. On the sell side, there can be substantial merits that largely boil down to networking and convenience. As a buyer, what I have done is I approach the seller's agent and tell them that I'll let them have both sides of the transaction for 3.5% total. I...
by tmcc
Sat Jan 19, 2019 1:54 pm
Forum: Personal Consumer Issues
Topic: What is a Boglehead funeral/burial?
Replies: 83
Views: 3792

Re: What is a Boglehead funeral/burial?

SrGrumpy wrote:
Sat Jan 19, 2019 1:37 pm
Cheap cremation, no funeral. But super-expensive ($40,000) plot in prime real estate. Not Boglehead-approved, but I'll be there for a while, might as well enjoy.
"Here lies SrGrumpy. Frugal in life, ostentacious in death."

:mrgreen:
by tmcc
Sat Jan 19, 2019 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Fund suggestions for a taxable account with a ~15-year time horizon
Replies: 16
Views: 854

Re: Fund suggestions for a taxable account with a ~15-year time horizon

OP, 1) You could withdraw your retirement fund before 59 1/2 years old. https://www.madfientist.com/how-to-access-retirement-funds-early/ 2) There is no reason to treat the taxable account as a separate portfolio that you need to invest for 15 years. Go over the reason why do you think so. And, we ...
by tmcc
Sat Jan 19, 2019 11:24 am
Forum: Investing - Help with Personal Investments
Topic: 401k + aftertax 401k -> roth methodology
Replies: 19
Views: 1269

Re: 401k + aftertax 401k -> roth methodology

3) I'm not sure what the threshold is for highly compensated in your terms. I am towards the top but not top 10. HCE is not my term. Search for HCE, and ADP/ACP testing and you will understand what I mean. After-tax contributions are considered separately and a safe harbor plan can still fail ADP/A...
by tmcc
Sat Jan 19, 2019 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 221
Views: 15852

Re: Why are you NOT buying rental properties?

I would like to find a duplex but there are no value buys left. The 2011 - 2018 price appreciation swing here is like 100% - 200% and I can't stomach a multi-six figure mean reversion.
by tmcc
Sat Jan 19, 2019 11:03 am
Forum: Investing - Help with Personal Investments
Topic: 401k + aftertax 401k -> roth methodology
Replies: 19
Views: 1269

Re: 401k + aftertax 401k -> roth methodology

If you receive a company match or a non-elective contribution, that will count towards the 2019 415 limit of 56k. If you are a highly compensated employee, your after tax contributions might be restricted or returned to you. It seems like the biggest problem is short term liquidity of taxable broke...
by tmcc
Sat Jan 19, 2019 9:39 am
Forum: Investing - Help with Personal Investments
Topic: 401k + aftertax 401k -> roth methodology
Replies: 19
Views: 1269

401k + aftertax 401k -> roth methodology

I currently max the 401k to the pretax limit.. 18,5 in 2018, 19k in 2019. I recently learned that the workplace plan allows after-tax contributions that can be rolled over to a roth ira once per year up to the 56k for 2019. In light of this, my savings plan is to: 1) continue maxing pretax 19k 2) re...
by tmcc
Fri Jan 18, 2019 8:13 pm
Forum: Investing - Theory, News & General
Topic: Bogle "5% Gold"
Replies: 76
Views: 6889

Re: Bogle "5% Gold"

9mm rounds are far more valuable than gold by weight or by volume for golds intended purpose in his comments.
by tmcc
Thu Jan 17, 2019 1:01 pm
Forum: Investing - Theory, News & General
Topic: How to avoid temptation to buy hot stocks or bitcoin?
Replies: 63
Views: 4242

Re: How to avoid temptation to buy hot stocks or bitcoin?

So you truly think there is no way to discern risk? Then I assume you have tons of leverage on bitcoin right now? Risk is a quantification (perceived or calculated) that mentally helps you rationalize the qualitative difference between gambling and investing. The two are identical in nature. To tha...
by tmcc
Tue Jan 15, 2019 12:44 pm
Forum: Investing - Theory, News & General
Topic: How to avoid temptation to buy hot stocks or bitcoin?
Replies: 63
Views: 4242

Re: How to avoid temptation to buy hot stocks or bitcoin?

investing and gambling are synonymous. I [invested / gambled] on this house I [invested / gambled] on this index fund I [invested / gambled] on buying a business when people here say "gamble" , it is uniformly part of a rationalization. So you truly think there is no way to discern risk? Then I ass...
by tmcc
Mon Jan 14, 2019 8:50 pm
Forum: Investing - Theory, News & General
Topic: How to avoid temptation to buy hot stocks or bitcoin?
Replies: 63
Views: 4242

Re: How to avoid temptation to buy hot stocks or bitcoin?

investing and gambling are synonymous.

I [invested / gambled] on this house

I [invested / gambled] on this index fund

I [invested / gambled] on buying a business

when people here say "gamble" , it is uniformly part of a rationalization.
by tmcc
Mon Jan 14, 2019 8:37 pm
Forum: Investing - Theory, News & General
Topic: Anyone beating the index instead of buying it?
Replies: 51
Views: 5066

Re: Anyone beating the index instead of buying it?

<<it adds up to a lot over the long term.>> 2) No, it does not matter. You're a smart guy and have some great thoughts but you're just dead wrong about this An additional 50bp of CAGR over 10 years is a BIG difference No, it is not. Show me the number. And, I can prove it. KlangFool https://www.por...
by tmcc
Mon Jan 14, 2019 6:14 pm
Forum: Investing - Theory, News & General
Topic: Anyone beating the index instead of buying it?
Replies: 51
Views: 5066

Re: Anyone beating the index instead of buying it?

Sorry I meant to say annualised over long term so atleast 5+ years prefereably 10+. I know a few famous value investors do but you don't really hear many stories about smaller investors.. if you can consistently beat the index by a couple of % it adds up to a lot over the long term. <<it adds up to...
by tmcc
Mon Jan 14, 2019 6:48 am
Forum: Investing - Theory, News & General
Topic: Schwab SWSXX going away
Replies: 37
Views: 2626

Re: Schwab SWSXX going away

I'll give them a call today, appreciate the discussion. This is not the first time this has happened.
by tmcc
Mon Jan 14, 2019 6:46 am
Forum: Investing - Theory, News & General
Topic: Anyone beating the index instead of buying it?
Replies: 51
Views: 5066

Re: Anyone beating the index instead of buying it?

Sorry I meant to say annualised over long term so atleast 5+ years prefereably 10+. I know a few famous value investors do but you don't really hear many stories about smaller investors.. if you can consistently beat the index by a couple of % it adds up to a lot over the long term. <<it adds up to...
by tmcc
Sun Jan 13, 2019 7:50 am
Forum: Personal Consumer Issues
Topic: Large SUV
Replies: 75
Views: 6410

Re: Large SUV

The new pilot is not an SUV anymore, its a 4 door mini van. it has the ground clearance of a prius. Get a suburban/yukon/tahoe variant, sequoia/GX470 variant. smaller yet good option is the 4runner. if you need to haul and carry, consider a crew cab 1500 truck. they can easily carry 5 plus more stuf...
by tmcc
Sun Jan 13, 2019 7:30 am
Forum: Personal Consumer Issues
Topic: ROI calc on grocery expenses
Replies: 29
Views: 1874

Re: ROI calc on grocery expenses

cheese_breath wrote:
Sat Jan 12, 2019 11:29 pm
20 years is a long time to keep something without some kind of damage. Do you need to insure it?
Good call. I have a contact at Aon... maybe they can broker me reinsurance on my home owner's policy or stop loss policy in the event of spoilage
by tmcc
Sun Jan 13, 2019 7:29 am
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9745

Re: Disciplined with finances, but not so with diet

This is a laughably simple topic if you will allow it to be. No, it is not a simple topic. Weight and appetite are largely controlled by hormones. See for example, "9 Proven Ways to Fix The Hormones That Control Your Weight" https://www.healthline.com/nutrition/9-fixes-for-weight-hormones . Victori...
by tmcc
Sat Jan 12, 2019 9:08 pm
Forum: Personal Consumer Issues
Topic: ROI calc on grocery expenses
Replies: 29
Views: 1874

Re: ROI calc on grocery expenses

LookinAround wrote:
Sat Jan 12, 2019 4:31 pm
Hmmm.. Is there a market for mac and cheese futures?
Here we go

I'll put on a butterfly spread on wheat and cattle futures. Maybe I should throw in some lumber too so I can have mixing spoons.
by tmcc
Sat Jan 12, 2019 8:31 pm
Forum: Investing - Theory, News & General
Topic: Schwab SWSXX going away
Replies: 37
Views: 2626

Re: Schwab SWSXX going away

No, the sell occurred at the same time as the ETF buy but it is a mutual fund and the fill occurs after hours.
by tmcc
Sat Jan 12, 2019 7:48 pm
Forum: Investing - Theory, News & General
Topic: Schwab SWSXX going away
Replies: 37
Views: 2626

Re: Schwab SWSXX going away

Does Schwab let you trade directly from a "purchased" money market fund, as fidelity does? Or do you have to move funds to the FDIC sweep to cover trades. Schwab will require you to "sell" the purchased money market fund to raise the cash. Fortunately, you can still request a trade, put in the sell...
by tmcc
Sat Jan 12, 2019 4:01 pm
Forum: Personal Consumer Issues
Topic: ROI calc on grocery expenses
Replies: 29
Views: 1874

ROI calc on grocery expenses

I am trying to figure out an ROI on this 24lb tub of mac and cheese that costco has. They claim it'll last 20 years. Adjusted for inflation, how would I go about doing the ROI calc on this versus cashflowing my mac and cheese needs? I average mac and cheese 2-3 nights per month and I usually buy kra...
by tmcc
Sat Jan 12, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: 29 Y.O. with a $60,000 bonus
Replies: 23
Views: 2302

Re: 29 Y.O. with a $60,000 bonus

Not sure if you have an opportunity that supports it but I always wanted to do the owner/occupant duplex setup... but it never ended up working out for me. Its an easy way to build equity, offset costs and continue an elevated savings rate.
by tmcc
Sat Jan 12, 2019 3:43 pm
Forum: Investing - Theory, News & General
Topic: Schwab SWSXX going away
Replies: 37
Views: 2626

Re: Schwab SWSXX going away

Does Schwab let you trade directly from a "purchased" money market fund, as fidelity does? Or do you have to move funds to the FDIC sweep to cover trades. Schwab will require you to "sell" the purchased money market fund to raise the cash. Fortunately, you can still request a trade, put in the sell...
by tmcc
Tue Jan 08, 2019 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance informs me after procedure that they won't cover all of it
Replies: 20
Views: 1589

Re: Health insurance informs me after procedure that they won't cover all of it

I love the "don't need anesthesia" arguments for outpatient procedures. Another gentle reminder that insurance has absolutely no vested interest in broad, patient well being or comfort. Just give them a leather belt to bite and a bottle of whiskey.
by tmcc
Tue Jan 08, 2019 9:19 pm
Forum: Investing - Theory, News & General
Topic: How does Alliant Credit Union make money on their Credit Card?
Replies: 5
Views: 384

Re: How does Alliant Credit Union make money on their Credit Card?

Also have this card,it is excellent. If your spend is > $12k / yr in year 2 then it is a no brainer vs Citi double cash (2% no fee). Minimal work for max reward... if you're into reward mining then its a different animal.
by tmcc
Tue Jan 01, 2019 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Paid your out of pocket maximum? Think again
Replies: 15
Views: 2322

Re: Paid your out of pocket maximum? Think again

Jack FFR1846 wrote:
Tue Jan 01, 2019 8:10 am
They're all incompetent. [...] "C's get degrees".
"'D' is for Diploma"

:D
by tmcc
Mon Dec 31, 2018 6:32 am
Forum: Investing - Theory, News & General
Topic: International Funds Still Relevant in a Simple Portfolio?
Replies: 72
Views: 4706

Re: International Funds Still Relevant in a Simple Portfolio?

In all seriousness, if you consider just how bad International (FTSE Developed ex US) has been and how people are starting to consider puking their 20%+ losses (myself included), that might mean its time to double down
by tmcc
Sat Dec 29, 2018 2:21 pm
Forum: Investing - Theory, News & General
Topic: Algos/HFT and the media hurt the retail investor ?
Replies: 78
Views: 2123

Re: Algos/HFT and the media hurt the retail investor ?

The bid/ask spreads on stocks affects the transaction costs that mutual funds bear when transacting in the market; and they do transact , even though they're nominally passive. Index constituent changes, IPOs, dividends, fund flows, all result in buy/sell actions by the fund. There is no bid ask on...
by tmcc
Sat Dec 29, 2018 2:12 pm
Forum: Investing - Theory, News & General
Topic: Algos/HFT and the media hurt the retail investor ?
Replies: 78
Views: 2123

Re: Algos/HFT and the media hurt the retail investor ?

Well, for one thing, bid/ask spreads have gone to less than a penny from around 25 cents before HFT. I don't even know what bid/ask spread is, why should I care? Unless you're saying this impacts expense ratios of mutual funds. You shouldn't care because you only hold mutual funds, apparently. This...
by tmcc
Fri Dec 28, 2018 1:45 pm
Forum: Investing - Theory, News & General
Topic: Algos/HFT and the media hurt the retail investor ?
Replies: 78
Views: 2123

Re: Algos/HFT and the media hurt the retail investor ?

I'm curious if big organization like Vanguard exercise any influence to level the playing field and get the exchanges operating to the advantage of regular long-term ( retirement ) investors? It's true that you can minimize the influence of algorithmic/high-frequency trading etc by staying in reaso...
by tmcc
Fri Dec 28, 2018 1:43 pm
Forum: Investing - Theory, News & General
Topic: Algos/HFT and the media hurt the retail investor ?
Replies: 78
Views: 2123

Re: Algos/HFT and the media hurt the retail investor ?

Well, for one thing, bid/ask spreads have gone to less than a penny from around 25 cents before HFT. I don't even know what bid/ask spread is, why should I care? Unless you're saying this impacts expense ratios of mutual funds. You shouldn't care because you only hold mutual funds, apparently.
by tmcc
Thu Dec 27, 2018 2:36 pm
Forum: Investing - Theory, News & General
Topic: Will the real contrarians please stand up?
Replies: 58
Views: 3965

Re: Will the real contrarians please stand up?

I'm a contrarian. I bought a new home in 2008 during the housing crash. I went 100% equities in 2009 when the world was burning. I have a massive short position on Tesla while everyone considers Musk a "genius" and Tesla is going to "change the world".. I sold all equities in 2018 when the market w...
by tmcc
Wed Dec 26, 2018 6:36 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10159
Views: 1788323

Re: U.S. stocks in free fall

People in that other thread acting like the worst is over. Anyone else think that isn't the case? What if this is the deeper bottom and the old 2600 floor was initial bottom? In the end no one knows until much later but its certainly promising. I agree though, need to see more follow through buying...
by tmcc
Wed Dec 26, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 556
Views: 60776

Re: U.S. stocks continue to soar!

I TLH'd on Monday out of a mutual fund and lumped back in today to a not-quite-substantially-similar ETF.. only missed about 0.2% of the move. I'll take it! :sharebeer Why didn’t you pickup the ETF on Monday? Fairly easy to do. If the funds are there after close then you’re golden. Today is proof y...
by tmcc
Wed Dec 26, 2018 5:39 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 556
Views: 60776

Re: U.S. stocks continue to soar!

I TLH'd on Monday out of a mutual fund and lumped back in today to a not-quite-substantially-similar ETF.. only missed about 0.2% of the move. I'll take it! :sharebeer Why didn’t you pickup the ETF on Monday? Fairly easy to do. If the funds are there after close then you’re golden. Today is proof y...
by tmcc
Wed Dec 26, 2018 4:58 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 556
Views: 60776

Re: U.S. stocks continue to soar!

I TLH'd on Monday out of a mutual fund and lumped back in today to a not-quite-substantially-similar ETF.. only missed about 0.2% of the move. I'll take it! :sharebeer
by tmcc
Tue Dec 25, 2018 6:55 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10159
Views: 1788323

Re: U.S. stocks in free fall

J G Bankerton wrote:
Tue Dec 25, 2018 6:49 pm
gilgamesh wrote:
Tue Dec 25, 2018 6:43 pm
Trading [your own money] is a sucker game.
fixed
by tmcc
Tue Dec 25, 2018 2:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10159
Views: 1788323

Re: U.S. stocks in free fall

date to pick. I'm not sure how this chart is actionable. It's almost more like trivia. The algorithms are set to pounce with a flurry of high speed trades as soon as the line is crossed. You have been warned. What line? Of course there are “lines” when various alogorithims executes certain actions....
by tmcc
Tue Dec 25, 2018 11:36 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10159
Views: 1788323

Re: U.S. stocks in free fall

AMZN is 34% off its all time high. Seems like a good pick, for those who pick; not me. AMZN is still expensive by any traditional valuation method (and this would be the case still if it decline another 50%). Traditional valuation measures and Amazon don’t mix. [...] "This time it's different" 8-)
by tmcc
Tue Dec 25, 2018 9:24 am
Forum: Investing - Theory, News & General
Topic: Worst investing year ever....
Replies: 103
Views: 17489

Re: Worst investing year ever....

In terms of number asset classes that lost money. Who cares how many asset classes lost money? What would that metric be of any concern? I care as do many others who felt that they were mitigating risk with a diversified portfolio. I appreciate and thank the poster who started this thread. Why do y...
by tmcc
Tue Dec 25, 2018 8:18 am
Forum: Investing - Theory, News & General
Topic: Bear Market - Mindset Expectations
Replies: 61
Views: 6166

Re: Bear Market - Mindset Expectations

I truly wonder how much of the market movement we now see is being driven by algorithms, instead of a human being looking at data, exercising their logic and reasoning abilities, along with a healthy dose of intuition and saying, "Hmmmm, I see something here". nearly all volume is algorithmic HFT a...
by tmcc
Tue Dec 25, 2018 7:15 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10159
Views: 1788323

Re: U.S. stocks in free fall

I clarified my response as it didn’t make sense - take another look.. As I said, I see no benefit in holding an asset that is not in an upward trend. Upward trends are backward looking, not forward looking. :confused The data suggests otherwise. Momentum is a real effect. I like your system. It is ...
by tmcc
Mon Dec 24, 2018 1:19 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 248
Views: 21020

Re: Whose buying today? where's all the "dry powder" folks at? :)

S&P is going to do 2100 unless there is some event based revelation that turns this around.
by tmcc
Mon Dec 24, 2018 1:12 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10159
Views: 1788323

Re: U.S. stocks in free fall

I just realized I botched my TLH :(

There was a reinvested cap gains distribution in one of my mutual funds on 12/21. I just sold my entire position to get the ETF instead. I wonder if this will be disallowed.
by tmcc
Mon Dec 24, 2018 1:00 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10159
Views: 1788323

Re: U.S. stocks in free fall

Looks like everyone did the TLH maneuver today

Talking heads say S&P has never been down more than 1% on christmas eve before - ever