Search found 1057 matches

by mrspock
Thu Jul 02, 2020 3:33 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 6385
Views: 539632

Re: U.S. stocks continue to soar!

Futures are up. After all, it would only be appropriate to head into the Independence Day long weekend, with US equities continuing to SOAR!
:sharebeer
by mrspock
Thu Jul 02, 2020 12:29 am
Forum: Personal Finance (Not Investing)
Topic: US resident with Canadian Bank Acct
Replies: 10
Views: 492

Re: US resident with Canadian Bank Acct

200k eh? Norbit Gambit is your friend if you want to convert it without currency conversion fees. If you want to keep in CAD, the only bank in the US that might have a clue with Canadian funds is TD Bank "America's Most Convenient Bank" :D . Wells Fargo, B of A, Chase.... they will stare at you lik...
by mrspock
Thu Jul 02, 2020 12:11 am
Forum: Personal Finance (Not Investing)
Topic: US resident with Canadian Bank Acct
Replies: 10
Views: 492

Re: US resident with Canadian Bank Acct

200k eh? Norbit Gambit is your friend if you want to convert it without currency conversion fees. If you want to keep in CAD, the only bank in the US that might have a clue with Canadian funds is TD Bank "America's Most Convenient Bank" :D . Wells Fargo, B of A, Chase.... they will stare at you like...
by mrspock
Wed Jul 01, 2020 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best financial decision you ever made?
Replies: 179
Views: 11328

Re: What is the best financial decision you ever made?

It was not a "decision" but finding this site by accident. Marty This. Easily changed my financial destiny .... I wouldn’t have the confidence to retire as early as I will be able to, without the knowledge and wisdom from forum members and the resources they shared with me. It’s one reason I try to...
by mrspock
Wed Jul 01, 2020 6:44 pm
Forum: Investing - Theory, News & General
Topic: Rekenthaler (Morningstar): Jack Bogle was Wrong about ETFs
Replies: 46
Views: 2752

Re: Rekenthaler (Morningstar): Jack Bogle was Wrong about ETFs

Interesting. I recall Jack Bogle mentioning that for anyone who selected ETFs and held them (did not trade) that was acceptable. Yes, I heard him say this a number of times. And as usual... he was right again. It’s as if the guy knew a thing or two about investing :D . With brains like that he shou...
by mrspock
Wed Jul 01, 2020 5:46 pm
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 32
Views: 1982

Re: Tesla becomes most valuable car company in the world

So this morning Tesla has officially overtaken Toyota as the worlds most valuable car manufacturer. I have sat on the sidelines while several friends of mine have made buckets on money on this company. I understand that stocks are valued based on expected future earnings. My question is at what poi...
by mrspock
Wed Jul 01, 2020 5:12 pm
Forum: Investing - Theory, News & General
Topic: Rekenthaler (Morningstar): Jack Bogle was Wrong about ETFs
Replies: 46
Views: 2752

Re: Rekenthaler (Morningstar): Jack Bogle was Wrong about ETFs

On the flip side there were all those "poor bond MF holders" who were making their contributions and paid an above market premium to buy into the bond fund (where they would have paid actual market price if they had the etf - and received many more shares). I get wanting to get an above market pric...
by mrspock
Wed Jul 01, 2020 2:55 pm
Forum: Personal Consumer Issues
Topic: Thinking of buying a Mercedes SUV
Replies: 42
Views: 2136

Re: Thinking of buying a Mercedes SUV

Honestly, if you want German, buy a VW SUV (Atlas, Tiguan, Toureg). When they make 200k of a car it becomes your problem when things break down.... when they make 10m of them, it’s the manufacturer’s problem (warranty claims, marketing nightmare, lawsuits, recalls). VW parts are ubiquitous and lowe...
by mrspock
Wed Jul 01, 2020 12:55 pm
Forum: Personal Consumer Issues
Topic: Thinking of buying a Mercedes SUV
Replies: 42
Views: 2136

Re: Thinking of buying a Mercedes SUV

Honestly, if you want German, buy a VW SUV (Atlas, Tiguan, Toureg). When they make 200k of a car it becomes your problem when things break down.... when they make 10m of them, it’s the manufacturer’s problem (warranty claims, marketing nightmare, lawsuits, recalls). VW parts are ubiquitous and lower...
by mrspock
Wed Jul 01, 2020 11:27 am
Forum: Investing - Theory, News & General
Topic: Rekenthaler (Morningstar): Jack Bogle was Wrong about ETFs
Replies: 46
Views: 2752

Re: Rekenthaler (Morningstar): Jack Bogle was Wrong about ETFs

Was he? Tell that to the poor ETF bond holders who were at the mercy of the market during mid-March . And yes, yes I know the argument that the ETFs were pricing the assets correctly, but that doesn't put the $10k back in my account when I rebalanced vs. had I simply held the MF version of the same...
by mrspock
Wed Jul 01, 2020 3:49 am
Forum: Investing - Theory, News & General
Topic: Rekenthaler (Morningstar): Jack Bogle was Wrong about ETFs
Replies: 46
Views: 2752

Re: Rekenthaler (Morningstar): Jack Bogle was Wrong about ETFs

... What price did you buy stocks at? I had several good ETF trades in that period where the bond funds I sold were lower at the end of the day, and the stock fund I bought were higher. Anyway, what stocks did you buy? And what was the price when you bought them? You were buying ETFs right? If you ...
by mrspock
Wed Jul 01, 2020 3:39 am
Forum: Personal Consumer Issues
Topic: Thinking about joining Air National Guard at 31 years
Replies: 71
Views: 3904

Re: Thinking about joining Air National Guard at 31 years

Hello, I have been thinking about joining the Air National Guard or Air Force Reserve as an Officer. I am 31 and have two kids, and have a good paying job. Not sure if it is a crazy idea, would like to know your feedback on it. Pretty sure there are some folks here who have served or currently serv...
by mrspock
Wed Jul 01, 2020 3:29 am
Forum: Investing - Theory, News & General
Topic: Rekenthaler (Morningstar): Jack Bogle was Wrong about ETFs
Replies: 46
Views: 2752

Re: Rekenthaler (Morningstar): Jack Bogle was Wrong about ETFs

Was he? Tell that to the poor ETF bond holders who were at the mercy of the market during mid-March . And yes, yes I know the argument that the ETFs were pricing the assets correctly, but that doesn't put the $10k back in my account when I rebalanced vs. had I simply held the MF version of the same ...
by mrspock
Wed Jul 01, 2020 3:19 am
Forum: Personal Investments
Topic: What to do with significant index changes, e.g., S&P 500 adding Tesla
Replies: 26
Views: 2230

Re: What to do with significant index changes, e.g., S&P 500 adding Tesla

Huh? I don't understand your question. The addition of Tesla into the index is "feature", it's not a "bug". This is what indexing is all about, up and coming companies are added, the losers drop out, constantly renewing your portfolio and tilting with the ebbs and flow of the economy. I think you ar...
by mrspock
Wed Jul 01, 2020 3:12 am
Forum: Personal Consumer Issues
Topic: At what point can you justify a $10k+ flight?
Replies: 75
Views: 4479

Re: At what point can you justify a $10k+ flight?

... 10k tickets are actually fairly rare... You can usually find a business class fare for 3-6k almost anywhere. I've only paid 10k or more a few times, and usually it was because it was a same day purchase for work. ... This. The question posed is a false choice. I fly business class all the time ...
by mrspock
Tue Jun 30, 2020 5:19 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 6385
Views: 539632

Re: U.S. stocks continue to soar!

S&P closes at 3,100. Up from 2,585 at end of March. That’s 19.9% What a quarter! A good day indeed. Today was dividend day as well.... at first I was puzzled at how this extra money got into my account. :mrgreen: We are getting into earning season as well, so it’s put up or shut up time for the bea...
by mrspock
Mon Jun 29, 2020 2:13 pm
Forum: Personal Consumer Issues
Topic: Thinking about joining Air National Guard at 31 years
Replies: 71
Views: 3904

Re: Thinking about joining Air National Guard at 31 years

Hello, I have been thinking about joining the Air National Guard or Air Force Reserve as an Officer. I am 31 and have two kids, and have a good paying job. Not sure if it is a crazy idea, would like to know your feedback on it. Pretty sure there are some folks here who have served or currently serv...
by mrspock
Sun Jun 28, 2020 10:01 pm
Forum: Personal Consumer Issues
Topic: I'm Buying a Boat...
Replies: 98
Views: 5720

Re: I'm Buying a Boat...

Without question, cash. I'd say consensus around here is you don't finance "toys", and I think a boat qualifies as such. Do you have a lake side cabin or house? Or is this boat going to be put in the water as needed? If the former it's probably not a bad purchase, if the latter, my experience is it'...
by mrspock
Fri Jun 26, 2020 5:02 am
Forum: Investing - Theory, News & General
Topic: Taleb: The coronavirus is not a black swan.
Replies: 81
Views: 7789

Re: Taleb: The coronavirus is not a black swan.

FWIW Ben J. Bernstein ala The Four Pillars of Investing doesn't really think this is a "black swan" either. His logic is that it's only a black swan if you haven't read sufficient history, otherwise this situation should be well within the realm of a well designed portfolio to handle. Frankly *it wa...
by mrspock
Thu Jun 25, 2020 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as trustee. Your thoughts?
Replies: 18
Views: 2515

Re: Schwab as trustee. Your thoughts?

Call the Schwab Pinnacle number, 7 figures has its privileges. You won’t be on hold for long if ever... they will hook you up: trust services, mortgages, trades... whatever.
by mrspock
Thu Jun 25, 2020 7:14 pm
Forum: Personal Investments
Topic: Upcoming major purchase question
Replies: 5
Views: 686

Re: Upcoming major purchase question

Hello cardinale If you are saving for a “major purchase” like a car or house, then don’t worry about taxes. Worry about preserving the capital that allows you to make that purchase. In other words, leave it in CDs/savings. Transferring it to anything other than Vanguard money market unnecessarily r...
by mrspock
Thu Jun 25, 2020 4:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 6385
Views: 539632

Re: U.S. stocks continue to soar!

Up 1% today... nice little melt up at the end!
by mrspock
Wed Jun 24, 2020 4:28 pm
Forum: Investing - Theory, News & General
Topic: Jeremy Siegel on MiB Podcast: 60/40 is risky and more
Replies: 129
Views: 13773

Re: Jeremy Siegel on MiB Podcast: 60/40 is risky and more

I'm regularly amused at how easily the maxim "nobody knows nuthin'" gets brushed aside here... Sometimes it's gets pushed back on because it's so over used it becomes illogical. If you had absolutely no idea of the statistical distribution of future returns on what basis could you possibly invest? ...
by mrspock
Wed Jun 24, 2020 2:59 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19244
Views: 2670869

Re: U.S. stocks in free fall

On the bright side.... my bonds are now above water for the year. Yay!

My rebalancing elephant gun is half reloaded, if Mr. Market wants to dance again I’m game :D . I double dog dare him... I’d love more $55 SCHB shares.
by mrspock
Tue Jun 23, 2020 7:07 pm
Forum: Personal Consumer Issues
Topic: Made a horrible decision with regards to car. need guidance
Replies: 60
Views: 6205

Re: Made a horrible decision with regards to car. need guidance

I think many people get the car bug, I had it with my first car out of school and after blowing untold sums of money on repairs I learned my lesson really quick. Just chalk it up to experience, and consider selling the car before it loses more value. These days restrict my "car budget" to maybe 30-3...
by mrspock
Tue Jun 23, 2020 12:45 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 6385
Views: 539632

Re: U.S. stocks continue to soar!

Great day for US equities! 3200 is within reach, steady as she goes.
by mrspock
Mon Jun 22, 2020 9:31 pm
Forum: Investing - Theory, News & General
Topic: Jeremy Siegel on MiB Podcast: 60/40 is risky and more
Replies: 129
Views: 13773

Re: Jeremy Siegel on MiB Podcast: 60/40 is risky and more

Just listened to Jeremy Siegel (Professor of Finance at Wharton, author of “Stocks for the Long Run”) on the Masters In Business podcast ( non-Apple Link ), he makes a good case for a few things: 1. CAPE is giving off the wrong signals, far too bearish 2. Mathematically, even if we zero’d out 12 mo...
by mrspock
Mon Jun 22, 2020 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising to sale price
Replies: 41
Views: 4954

Re: House not appraising to sale price

In a hot housing market you pony up the extra money or lose the deal, pretty much what I did on the last deal. In this case isn't wasn't a huge amount of money maybe 20k on a 700k+ house. As a seller, I already had the house appraised, I know I'm asking more than the appraised value, as my goal is t...
by mrspock
Mon Jun 22, 2020 4:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 6385
Views: 539632

Re: U.S. stocks continue to soar!

McGilicutty wrote:
Mon Jun 22, 2020 3:55 pm
Not a bad day ... S&P 500 up 0.65% ... Nasdaq up 1.11%
A more normal day, hopefully we can build upon this and inch our way back to 3200, and beyond.
by mrspock
Mon Jun 22, 2020 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Pandemic Updates: Retire this summer, with early retirement program, or work another academic year and a half
Replies: 40
Views: 4581

Re: Retire this summer, or work another academic year?

OP, how could you pass up working another year in the academic world? This is a great gig that according to surveys, have a high level of job satisfaction. Clearly you don't work in academia. It has changed enormously the past 30 years. If I could point to one thing I find distressing, is that curr...
by mrspock
Sun Jun 21, 2020 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Getting pretty desperate to own some real estate...
Replies: 29
Views: 3351

Re: Getting pretty desperate to own some real estate...

I was looking in SF proper lately, but I’m actually now going to just rent, the drops in rent combined with returns on equity investing make this a no brainer IMO. Consider that I can get a prime 1bdrm apartment in the nicest parts of SF for maybe 3-3.5k, a 1 Bdrm condo costs close to $1M in the sam...
by mrspock
Sun Jun 21, 2020 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Follow our journey to retirement
Replies: 33
Views: 3616

Re: Follow our journey to retirement

I agree the food expenses look really high, I'd figure out how to cut back on that. What about health care expenses? Or is this provided by the government where you live? With the mortgage nuked, I think you will be in good shape!
by mrspock
Sun Jun 21, 2020 2:36 pm
Forum: Investing - Theory, News & General
Topic: Jeremy Siegel on MiB Podcast: 60/40 is risky and more
Replies: 129
Views: 13773

Re: Jeremy Siegel on MiB Podcast: 60/40 is risky and more

5. 60/40 is risky , 75/25 is a wiser AA given the bond environment and risk of inflation. I think a growing group of Bogleheads have already figured this out. ....stocks stand to do very well in 2021 due to all the liquidity pumped into the markets. Be bond heavy at your own peril — this recovery w...
by mrspock
Sun Jun 21, 2020 2:25 pm
Forum: Investing - Theory, News & General
Topic: Jeremy Siegel on MiB Podcast: 60/40 is risky and more
Replies: 129
Views: 13773

Re: Jeremy Siegel on MiB Podcast: 60/40 is risky and more

Keep in mind TIPS only protects you from the inflation side, it won’t save you from the loss of capital on the interest rate side. What does this even mean? Are you suggesting the Treasury is likely to default on TIPS? Bonds don't "lose capital" unless there is a default, and changes in the interes...
by mrspock
Sun Jun 21, 2020 1:58 pm
Forum: Investing - Theory, News & General
Topic: Jeremy Siegel on MiB Podcast: 60/40 is risky and more
Replies: 129
Views: 13773

Re: Jeremy Siegel on MiB Podcast: 60/40 is risky and more

Add to this, Siegel is forecasting an end to the bull market in bonds and a bottom in interest rates. Siegel's comments on bonds reminds me of a couple stories I heard regarding the purchase of War Bonds during WW2, those people suffered a loss of 50% of purchasing power. This purchase was motivate...
by mrspock
Sat Jun 20, 2020 10:14 pm
Forum: Investing - Theory, News & General
Topic: Jeremy Siegel on MiB Podcast: 60/40 is risky and more
Replies: 129
Views: 13773

Re: Jeremy Siegel on MiB Podcast: 60/40 is risky and more

Add to this, Siegel is forecasting an end to the bull market in bonds and a bottom in interest rates. Siegel's comments on bonds reminds me of a couple stories I heard regarding the purchase of War Bonds during WW2, those people suffered a loss of 50% of purchasing power. This purchase was motivate...
by mrspock
Sat Jun 20, 2020 10:08 pm
Forum: Investing - Theory, News & General
Topic: Jeremy Siegel on MiB Podcast: 60/40 is risky and more
Replies: 129
Views: 13773

Re: Jeremy Siegel on MiB Podcast: 60/40 is risky and more

Isn't Siegel a perma-bull? This is actually a topic covered in the podcast, he wrote a rather famous piece in 1999 saying to bail from tech stocks. So not quite perm, I would describe him as an advocate for holding stocks for long periods of time, and not attempting to time the equity market. Most ...
by mrspock
Sat Jun 20, 2020 8:30 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 6385
Views: 539632

Re: U.S. stocks continue to soar!

UpperNwGuy wrote:
Sat Jun 20, 2020 8:24 pm
What happened to MrSpock's post that previously occupied this space?
Moved it to its own thread, figured it was overloaded/off topic for this thread.
by mrspock
Sat Jun 20, 2020 8:26 pm
Forum: Investing - Theory, News & General
Topic: Jeremy Siegel on MiB Podcast: 60/40 is risky and more
Replies: 129
Views: 13773

Jeremy Siegel on MiB Podcast: 60/40 is risky and more

Just listened to Jeremy Siegel (Professor of Finance at Wharton, author of “Stocks for the Long Run”) on the Masters In Business podcast ( non-Apple Link ), he makes a good case for a few things: 1. CAPE is giving off the wrong signals, far too bearish 2. Mathematically, even if we zero’d out 12 mon...
by mrspock
Sat Jun 20, 2020 4:55 pm
Forum: Personal Consumer Issues
Topic: Sellers agent not letting me view property without preapproval or "proof of finances"
Replies: 189
Views: 10371

Re: Sellers agent not letting me view property without preapproval or "proof of finances"

I was told by my buyer's agent that I will need either a "preapproval or proof of funds" to forward to the seller, prior to viewing a home. In principle, I'm not averse to sending preapproval information from a bank (which I don't have, since I am considering a cash purchase), but "proof of funds" ...
by mrspock
Fri Jun 19, 2020 4:28 am
Forum: Personal Investments
Topic: Susie Orman Says You are Crazy to be Investing in Bonds
Replies: 173
Views: 17221

Re: Susie Orman Says You are Crazy to be Investing in Bonds

In the article she also says do 100% Roth no traditional... I think that she says to go with a Roth vs a TIRA because taxes are currently low and will probably be higher in the future. I think that she is correct-- taxes will be higher in future years. yes, thank you for pointing that out. i'm no f...
by mrspock
Fri Jun 19, 2020 2:46 am
Forum: Personal Investments
Topic: Hard to stay the course...
Replies: 38
Views: 4777

Re: Hard to stay the course...

You aren't alone. I find it waaaaay harder to pull the trigger on bonds, than it was to buy equities at 2300. I basically drag my feet a bit and do it with new money, this way I don't get hit with capital gains taxes, and it feels slightly less painful. As it is, my IPS doesn't call for anything bey...
by mrspock
Thu Jun 18, 2020 1:12 am
Forum: Personal Investments
Topic: Larry beats the S&P 500.
Replies: 126
Views: 10972

Re: Larry beats the S&P 500.

These performance graphs can be deceptive because they could look very different if you change the initial starting date of the graph. Who decides what the relevant starting date should be? I assume it is whoever wants to claim to be the "winner". To figure this out, you can do rolling comparisons ...
by mrspock
Wed Jun 17, 2020 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Fidelity 2% Cash Back credit card
Replies: 167
Views: 10046

Re: Disappointed in Fidelity 2% Cash Back credit card

I just setup an investment account at Fidelity and buy their FZROX (zero commission) mutual fund with the proceeds. It's not really a big deal, I have quite a tidy sum in there now :) . I'd also point out that as a new sign-up, they usually give you a couple hundred bucks worth of points I think, so...
by mrspock
Wed Jun 17, 2020 9:25 pm
Forum: Personal Investments
Topic: Cash out refi with 100% Equity?
Replies: 64
Views: 3476

Re: Cash out refi with 100% Equity?

My wife and I are exploring options for taking equity out of our condo and using it for investment purposes (any variety of options among rentals or the market). Condo was purchased in cash and value is appx 160k. Early 30s, We have zero debt, and combined retirement assets 200k. Combined income ar...
by mrspock
Wed Jun 17, 2020 7:41 pm
Forum: Personal Investments
Topic: Larry beats the S&P 500.
Replies: 126
Views: 10972

Re: Larry beats the S&P 500.

anon_investor wrote:
Wed Jun 17, 2020 7:39 pm
How does it compare to a low cost growth index fund (VUG has an expense ratio of only 0.04%).
It beats VUG.... but barely. Note: Different time horizon as VUG hasn't been around as long.

I suspect if you look at risk adjusted returns they are darn close.
by mrspock
Wed Jun 17, 2020 7:36 pm
Forum: Personal Investments
Topic: Larry beats the S&P 500.
Replies: 126
Views: 10972

Re: Larry beats the S&P 500.

Did he out perform for "27 years"? See portfolio visualizer . Looks like he bet heavy on tech and rode that the last decade, otherwise pretty neck-and-neck for the prior 15 years. And took a bit more risk to do it. The problem with this sort of thing is, ok say I have a $1-2m portfolio, I ride this ...
by mrspock
Wed Jun 17, 2020 2:27 pm
Forum: Personal Consumer Issues
Topic: Do you reward yourself for achieving a financial goal?
Replies: 167
Views: 12037

Re: Do you reward yourself for achieving a financial goal?

At $1M invested my reward was a brand new Ford F-150 truck. I got there... didn't buy the truck. Then I said $2M... got there... couldn’t do it again. Long story short... I value my (retirement) time more than some dumb truck :) . Still driving my old car... maybe after my new goal (outright retire...
by mrspock
Tue Jun 16, 2020 1:40 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 6385
Views: 539632

Re: U.S. stocks continue to soar!

... Retail spending, including food, is still 8% down compared to February. The stimulus and unemployment benefits have definitely helped tremendously though they are set to run out. There are also reports that small-time sports bettors are having some impact on the market. What worries me are the ...
by mrspock
Tue Jun 16, 2020 11:08 am
Forum: Personal Investments
Topic: US Expat in High Tax Country - Investment Advice
Replies: 5
Views: 444

Re: US Expat in High Tax Country - Investment Advice

Does this country have a Tax treaty with the US to prevent double taxation? If so the 35% isn't THAT bad.....here in CA I'm taxed around 30% on my dividends (Fed qualified dividend tax rate + 11% state tax). Just pretend you live in CA for 4-5 years and move on... ultimately you want to do what's be...