Search found 202 matches

by epicahab
Tue Oct 13, 2020 8:34 am
Forum: Personal Investments
Topic: Anyone Else Investing in SPACs (Special Purpose Acquisition Companies)?
Replies: 17
Views: 2050

Re: Anyone Else Investing in SPACs (Special Purpose Acquisition Companies)?

Now the SPAC mania has spread to sports…with the Red Sox and XFL considering this route, and even a “Shaq SPAC.”
Quite humorous but maybe a sign of a bubble of some sort:

https://finance.yahoo.com/news/why-the- ... 44668.html
by epicahab
Mon Oct 12, 2020 1:44 pm
Forum: Personal Investments
Topic: Suggestions for 100x moonshots
Replies: 86
Views: 11976

Re: Suggestions for 100x moonshots

My favorite sleeper stock right now is Mercado Libre (MELI). If you combine Amazon, Paypal, and a few others into a single company, this is what MELI is....only in South America and still in the early stages. Strong management team, clear vision and execution (so far), investments from some major U...
by epicahab
Wed Oct 07, 2020 11:27 am
Forum: Investing - Theory, News & General
Topic: Consequences of Direct Listing
Replies: 6
Views: 1064

Re: Consequences of Direct Listing

I am following Palantir - a data analysis firm selling to governments. They are doing a direct listing, as opposed to IPO. In such listing the company insiders can sell their stock on Day 1. So, in general would the stock price go down after opening, as most likely there will be a massive selling w...
by epicahab
Sat Oct 03, 2020 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Pay Yourself Back
Replies: 46
Views: 6484

Re: Chase Sapphire Pay Yourself Back

So from a business perspective, why is Chase doing this? Are they trying to clear points off the board so that they don't have to be responsible for paying them back in an even tougher economic time? Wouldn't they want the points to stay unredeemed?
by epicahab
Fri Oct 02, 2020 4:34 pm
Forum: Investing - Theory, News & General
Topic: [President tests positive for COVID-19 - market impacts]
Replies: 157
Views: 15892

Re: [President tests positive for COVID-19 - market impacts]

We are UP nearly a full 1% from intraday low. Inside information of a false positive? High uncertainty upon announcement. The market does not like such uncertainty. More information reduced uncertainty. WH refusal to go into detail on his condition and the lack of tweets are not really consistent w...
by epicahab
Fri Oct 02, 2020 9:55 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4891
Views: 936103

Re: What's Your Credit Card Rewards Strategy?

I can't believe these points hasn't been devalued by now with all the financial hurting going on from the companies. On the topic of Chase Sapphire Reserve, I plan to keep it for one more year in case I can take advantage of the redemption rate but now you all have me wondering if I should just can...
by epicahab
Thu Oct 01, 2020 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4891
Views: 936103

Re: What's Your Credit Card Rewards Strategy?

I can't believe these points hasn't been devalued by now with all the financial hurting going on from the companies. On the topic of Chase Sapphire Reserve, I plan to keep it for one more year in case I can take advantage of the redemption rate but now you all have me wondering if I should just canc...
by epicahab
Thu Oct 01, 2020 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Should I quit high paying job?
Replies: 144
Views: 17239

Re: Should I quit high paying job?

It's easy for me to tell who has not experienced this based on the comments. Good for them, but there's no solution other than separation from the manager.
by epicahab
Thu Oct 01, 2020 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Should I quit high paying job?
Replies: 144
Views: 17239

Re: Should I quit high paying job?

You're right but I suspect many of the posts here of "yeah, but" never went through the extreme abuse the OP and I did. It can be bad, and worse than trying to find a job in the pandemic. The corporate environment lends itself to artificial power structures where one person can dominate another.
by epicahab
Thu Oct 01, 2020 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Should I quit high paying job?
Replies: 144
Views: 17239

Re: Should I quit high paying job?

I just got a job offer. I haven’t met any member of the company including my potential boss. All done via Microsoft teams or FaceTime calls. Congratulations! I literally used to sit in my cubicle and dream that working was virtual. It stinks that a virus caused it, but I plan to remote work the res...
by epicahab
Thu Oct 01, 2020 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Should I quit high paying job?
Replies: 144
Views: 17239

Re: Should I quit high paying job?

Everybody likes to say "Find a job first." That's not possible with extreme mental abuse. I'm proud of you for quitting. Two years ago I quit a job without any other job for this very reason and I'm the sole earner for my family. I now make a higher salary and I'm happy. Why exactly does being in a...
by epicahab
Thu Oct 01, 2020 8:57 am
Forum: Personal Consumer Issues
Topic: Do you have any hobbies for a long winter? I bought a Sony A7 III mirrorless camera.
Replies: 72
Views: 4441

Re: Do you have any hobbies for a long winter? I bought a Sony A7 III mirrorless camera.

Pre ordered an xbox series x. Havent had one since the 360. Also have a kid coming in the next couple weeks. This winter will be busy. Congratulations...I've been able to preorder every console I wanted my whole life until this one. I was up early that day and refreshing every single site for 2 hou...
by epicahab
Thu Oct 01, 2020 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Should I quit high paying job?
Replies: 144
Views: 17239

Re: Should I quit high paying job?

Everybody likes to say "Find a job first." That takes time and it's hard to be patient with extreme mental abuse. I'm proud of you for quitting. Two years ago I quit a job without any other job for this very reason and I'm the sole earner for my family. I now make a higher salary and I'm happy. Good...
by epicahab
Thu Oct 01, 2020 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Pre-retirement and bridge to Medicare
Replies: 25
Views: 2643

Re: Pre-retirement and bridge to Medicare

Given the current situation with the ACA, I would have a plan b (what-if) scenario if the ACA subsidies go away. It's still a few years in the future, I hope the "current" situation will be clearer. I guess Plan B is to continue working... I think if the Supreme Court (with a 6-3 conservative major...
by epicahab
Wed Sep 30, 2020 8:25 am
Forum: Investing - Theory, News & General
Topic: What fund(s) are in your taxable account?
Replies: 138
Views: 9798

Re: What fund(s) are in your taxable account?

Any VDADX fans here? I've bought a little in my taxable.
by epicahab
Tue Sep 29, 2020 11:03 am
Forum: Personal Consumer Issues
Topic: DIY life style. Typical Boglehead?
Replies: 91
Views: 6836

Re: DIY life style. Typical Boglehead?

My dad's in his mid 70's and he injured himself moving a bunch of heavy stones around. I'd be very careful in that age range about over exerting oneself or even overstretching. A lot of older folks think they need to stretch like they did in the service and it puts too much stress on joints and bones.
by epicahab
Tue Sep 29, 2020 10:59 am
Forum: Personal Consumer Issues
Topic: DIY life style. Typical Boglehead?
Replies: 91
Views: 6836

Re: DIY life style. Typical Boglehead?

After trying to tile my own bathroom, I realized I'll spend 3 times longer and do a terrible job than someone who's a professional and does it all day. That being said, I enjoy mowing the grass for the exercise and I do all the trimming and mulching work. I just don't do many repairs inside, either...
by epicahab
Tue Sep 29, 2020 10:43 am
Forum: Personal Consumer Issues
Topic: DIY life style. Typical Boglehead?
Replies: 91
Views: 6836

Re: DIY life style. Typical Boglehead?

After trying to tile my own bathroom, I realized I'll spend 3 times longer and do a terrible job than someone who's a professional and does it all day. That being said, I enjoy mowing the grass for the exercise and I do all the trimming and mulching work. I just don't do many repairs inside, either ...
by epicahab
Tue Sep 29, 2020 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Pay Yourself Back
Replies: 46
Views: 6484

Re: Chase Sapphire Pay Yourself Back

I like my chase points but if I could get money for AA and BA points I would get rid of those quickly. I hear you on that one...when everything started changing in March and April, all the airlines including the Delta SkyMall suddenly shut down the ability to buy gift cards and everything else othe...
by epicahab
Mon Sep 28, 2020 9:06 am
Forum: Personal Consumer Issues
Topic: Hulu and HBO MAX
Replies: 6
Views: 1088

Re: Hulu and HBO MAX

Yep, Youtube TV here but I was able to get the Max app because I have a Samsung smart TV. For some reason, they are on good terms with HBO.

And they are on fire lately...The Vow and Raised By Wolves are also really good.
by epicahab
Wed Sep 23, 2020 3:39 pm
Forum: Personal Consumer Issues
Topic: A simpler car.
Replies: 233
Views: 16540

Re: A simpler car.

I will likely buy a 4runner next mostly because of its simplicity. The engine and transmission are about as simple as they come. Despite the hemming and hawwing of the so called car experts and critics they continue to sell year after year mostly because of their bulletproof reliability. I would ex...
by epicahab
Thu Sep 17, 2020 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: [Marcus Savings Account - Interest rate is now 1.7%]
Replies: 210
Views: 28550

Re: [Marcus Savings Account - Interest rate is now 1.7%]

If you think Tesla is a bubble check out SNOW!
by epicahab
Thu Sep 17, 2020 12:36 pm
Forum: Personal Consumer Issues
Topic: Coping with Megacorp rat race
Replies: 168
Views: 16386

Re: Coping with Megacorp rat race

It's easy to spot a great leader...are they empathetic? Do they ask you how you're doing? Do they care that they're assigning you something you hate or that they're being personally mean and disrespectful to you? Empathy is everything in this world. Those who don't possess it can be extremely succes...
by epicahab
Thu Sep 17, 2020 9:53 am
Forum: Investing - Theory, News & General
Topic: The Fed, Snowflake, and Stocks
Replies: 53
Views: 5885

Re: The Fed, Snowflake, and Stocks

I think one bubble indicator is all of these SPACs registering and selling shares for an entity with literally no business activity and only the promise of finding a business to merge with some time in the future. Remind anyone of the South Sea bubble?
by epicahab
Wed Sep 16, 2020 9:07 pm
Forum: Investing - Theory, News & General
Topic: The Fed, Snowflake, and Stocks
Replies: 53
Views: 5885

Re: The Fed, Snowflake, and Stocks

If a company says the word cloud they instantly get a huge P/E.
by epicahab
Wed Sep 16, 2020 3:54 pm
Forum: Investing - Theory, News & General
Topic: The Fed, Snowflake, and Stocks
Replies: 53
Views: 5885

Re: The Fed, Snowflake, and Stocks

I think people that can't go to a casino are opening Robinhood accounts instead.
by epicahab
Wed Sep 16, 2020 1:39 pm
Forum: Personal Consumer Issues
Topic: Coping with Megacorp rat race
Replies: 168
Views: 16386

Re: Coping with Megacorp rat race

To the OP, I was in your shoes at that age, and I held on. I was miserable. Then I hit my early 40's. What they never taught us in college is that companies actively try to force people in their 40's and 50's to quit by making them miserable. Our salaries become larger and they can hire someone who'...
by epicahab
Wed Sep 16, 2020 1:25 pm
Forum: Investing - Theory, News & General
Topic: The Fed, Snowflake, and Stocks
Replies: 53
Views: 5885

The Fed, Snowflake, and Stocks

So, the Fed signals that it wants to keep rates low for three more years: https://finance.yahoo.com/news/fed-fomc-monetary-policy-decision-september-2020-135645057.html Canada’s pension fund is reevaluating bond holdings: https://www.cnbc.com/2020/09/16/singapore-summit-cppib-ceo-on-zero-bound-inter...
by epicahab
Sun Sep 13, 2020 11:47 pm
Forum: US Chapters
Topic: St Louis Bogleheads
Replies: 132
Views: 30577

Re: St Louis Bogleheads

Same here. We almost had another one in early 2019...wish we had.
by epicahab
Sun Sep 13, 2020 10:06 am
Forum: Personal Finance (Not Investing)
Topic: How are we doing?
Replies: 29
Views: 2969

Re: How are we doing?

Nice job. I'd echo the comments about maxing out your HSA (the best tax-protected type of account in existence) and then honestly I'd start paying off your house with the goal of having no mortgage ASAP.
by epicahab
Wed Sep 09, 2020 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: [Marcus Savings Account - Interest rate is now 1.7%]
Replies: 210
Views: 28550

Re: [Marcus Savings Account - Interest rate is now 1.7%]

johnny wrote: Wed Sep 09, 2020 2:57 pm
epicahab wrote: Wed Sep 09, 2020 2:27 pm I wonder when the Fed is going to change this trend.
Assuming the Fed does nothing to interest rates (target 0 - 0.25%), how low does Marcus savings rate go?
Probably to .2 or .1. They need to charge their uneducated brokerage customers more. :happy Just kidding.
by epicahab
Wed Sep 09, 2020 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: [Marcus Savings Account - Interest rate is now 1.7%]
Replies: 210
Views: 28550

Re: [Marcus Savings Account - Interest rate is now 1.7%]

I wonder when the Fed is going to change this trend.
by epicahab
Tue Sep 01, 2020 10:48 pm
Forum: Personal Investments
Topic: 400k cash, fear of inflation
Replies: 46
Views: 4260

Re: 400k cash, fear of inflation

Wait until layoffs accelerate and people start selling mutual funds in their retirement accounts to buy food and rent. What signal or drop should one wait for to get in? I'm not sure, I just see a lot of news about layoffs all of a sudden and I believe it will get far worse. There were some provisi...
by epicahab
Tue Sep 01, 2020 10:43 pm
Forum: Personal Investments
Topic: 400k cash, fear of inflation
Replies: 46
Views: 4260

Re: 400k cash, fear of inflation

Wait until layoffs accelerate and people start selling mutual funds in their retirement accounts to buy food and rent.
by epicahab
Tue Sep 01, 2020 4:09 pm
Forum: Personal Consumer Issues
Topic: Cardio alternatives to treadmills?
Replies: 107
Views: 7461

Re: Cardio alternatives to treadmills?

The older one gets, one has to protect their body and nervous system by engaging in low impact exercise. That includes NOT over stretching. So many people stretch like a maniac and that simply weakens their muscles and nerves before they even start working out.
by epicahab
Tue Sep 01, 2020 4:04 pm
Forum: Personal Investments
Topic: 400k cash, fear of inflation
Replies: 46
Views: 4260

Re: 400k cash, fear of inflation

I may not share your assumption about inflation, but I don't think there's anything wrong with having a pile of cash.

The USA might have a very tough year ahead that includes a lot of layoffs and there's nothing better than cash to defend you from uncertainty.
by epicahab
Tue Sep 01, 2020 3:59 pm
Forum: Personal Consumer Issues
Topic: Cardio alternatives to treadmills?
Replies: 107
Views: 7461

Re: Cardio alternatives to treadmills?

Gotta be swimming, right? Works every muscle in the body, low impact.
That assumes you have a gym or a YMCA you can safely use.
by epicahab
Thu Aug 20, 2020 8:04 pm
Forum: Personal Investments
Topic: Hi. I'm Mike, and I'm a Jonesoholic
Replies: 31
Views: 5288

Re: Hi. I'm Mike, and I'm a Jonesoholic

Off topic, but how do they stay in business with those fees? It's nearly impossible to grow a portfolio when you're paying ~6%+. You don't even have to be financially smart to look at the numbers and see you're getting fleeced I'm not sure, it's a question I've asked myself as well. I guess that th...
by epicahab
Thu Aug 20, 2020 4:17 pm
Forum: Personal Investments
Topic: Max the HSA?
Replies: 28
Views: 1703

Re: Max the HSA?

Yes. Max it. There is no deadline to submit receipts/documents to get the reimbursement from HSA. Have all the receipts converted to digial copy and store it in cloud or safe place. 1. Let your loved one's know where all the medical bills/receipts are placed (digital copy is better, physical receip...
by epicahab
Thu Aug 20, 2020 2:57 pm
Forum: Personal Investments
Topic: Hi. I'm Mike, and I'm a Jonesoholic
Replies: 31
Views: 5288

Re: Hi. I'm Mike, and I'm a Jonesoholic

Congratulations! You have done the right thing. Better late than never. Another negative aspect of some large investment firms is that the individual brokers collect a commission for selling specific mutual funds to customers. Therefore, they aren't suggesting the ones they think are best but the on...
by epicahab
Wed Aug 19, 2020 1:45 pm
Forum: Personal Investments
Topic: Max the HSA?
Replies: 28
Views: 1703

Re: Max the HSA?

Yes...and there are no RMDs on distributions you take after age 65.

What I do is just put all my medical costs on a rewards credit card and I leave the HSA alone.
by epicahab
Wed Aug 19, 2020 1:43 pm
Forum: Personal Investments
Topic: age 44 what should be my asset allocation
Replies: 22
Views: 2162

Re: age 44 what should be my asset allocation

70/30 until age 50 (just my opinion).
by epicahab
Wed Aug 19, 2020 1:41 pm
Forum: Personal Investments
Topic: Talk me out of Covid 19 timing
Replies: 119
Views: 8156

Re: Talk me out of Covid 19 timing

I personally agree with you that this fall will be a rough time concerning the virus, but I also think your current asset allocation is pretty much perfect for your age and if I were you I'd leave it alone.
by epicahab
Mon Apr 27, 2020 9:08 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1661
Views: 139496

Re: Coronavirus (Consumer Issues) How you are preparing?

We have been very socially distanced but have cooked raw chicken and beef since this all started, I think it's very safe when cooked.
by epicahab
Sat Apr 25, 2020 6:08 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1661
Views: 139496

Re: Coronavirus (Consumer Issues) How you are preparing?

We just did a Chipotle order through Uber Eats. I had only used Uber Eats one time last fall and it was a positive experience then.
This order went very well. It got here in half the estimated time and was well packaged with a sticker closing up the larger bag. We will do this again.
by epicahab
Fri Apr 24, 2020 10:25 am
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1661
Views: 139496

Re: Coronavirus (Consumer Issues) How you are preparing?

I also have the Chase Sapphire Reserve so thanks for the reminder about Door Dash. Does anyone here have thoughts on warm vs. cold delivery food? I'd love to order a salad with a pizza but I had heard that we should only be ordering warm food for delivery. I'm glad you were able to find everything o...
by epicahab
Wed Apr 22, 2020 2:58 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1661
Views: 139496

Re: Coronavirus (Consumer Issues) How you are preparing?

I got a call from the dentist office. The Governor just relaxed restrictions on routine dental appointments and I can come in next Monday for my regularly scheduled appointment. Needless to say, I'm rescheduling to probably June or July - at the earliest. Yeah, hard pass on that one. I found out my...
by epicahab
Mon Apr 20, 2020 9:50 am
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1661
Views: 139496

Re: Coronavirus (Consumer Issues) How you are preparing?

I would respectfully say that the employees at the grocery stores are risking their health while trying to set up a pickup system that hasn't existed before. Overall, supplies aren't the same as they used to be. Dented cans and expiration day produce might have truly been all they had on that day.
by epicahab
Sun Apr 19, 2020 4:57 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 77651

Re: Bogleheads community discussion - Coronavirus

I'm enjoying this discussion, thanks. I'm a bit surprised by some of my neighbors this weekend. I live in the midwest and the weather has been great. Last night one family had a party with 4 or 5 cars out front, music, grilling, drinking. Everyone mixing. It seems like about 1/3 of my neighborhood i...