Search found 149 matches

by Prahasaurus
Tue Sep 24, 2019 1:14 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2144232

Re: U.S. stocks in free fall

Don't worry, I'm sure they will announce another "breakthrough" in the China trade negotiations any minute now. They always seem to have an announcement ready to go. And failing that, companies will keep buying back their stock. They will have to, as executives in US companies are selling shares lik...
by Prahasaurus
Sat Aug 24, 2019 2:47 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2144232

Re: U.S. stocks in free fall

S&P 600 is not only in a bear market but 2018 was the worst historical performance of the S&P 600 since it's inception outside of a recessionary period, 2019 is chalking up to be it's second worst performance on historical record, if this rate of decline continues it could end up being the worst in...
by Prahasaurus
Sat Aug 24, 2019 2:41 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2144232

Re: U.S. stocks in free fall

who knows what will happen next week? I don't invest for next week, I invest for generations to come. My grandson born this year has a long time to makeup today's free fall. Good for you. For 99% of Americans, a recession will have quite negative implications. Few people can manage a 30-50% drop in...
by Prahasaurus
Fri Aug 23, 2019 6:46 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2144232

Re: U.S. stocks in free fall

[quoted post removed by admin LadyGeek[/quote] Yes, but many companies are now stuck. They are starting to realize they will almost certainly have to dramatically redesign their supply chain. And the Chinese market may be closed to them (or the customers they supply to) soon. For some American comp...
by Prahasaurus
Fri Aug 23, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Manager is Interviewing Candidates (External) before Job is posted
Replies: 57
Views: 5899

Re: Manager is Interviewing Candidates (External) before Job is posted

bigtex wrote:
Fri Aug 23, 2019 12:55 pm
TxAg wrote:
Fri Aug 23, 2019 12:48 pm
Take legal action? Seriously?

Maybe your attitude is a problem.
I guess I just thought there were some labor laws or something. My bad.
There probably are, but you'll need to be living and working in Europe.
by Prahasaurus
Mon Aug 12, 2019 4:41 pm
Forum: Investing - Theory, News & General
Topic: Negative Interest Rates in U.S.
Replies: 249
Views: 23038

Re: Negative Interest Rates in U.S.

Do you really think Buffet's company, BH, would keep 122 BILLION USD in cash, and he would just shrug and say, "Well, I'm not running things, so whatever." Of course he is well aware of this, and clearly approves. I repeat: 122 Billion USD cash position. Warren Buffet. There was a billionaires "Woo...
by Prahasaurus
Mon Aug 12, 2019 11:24 am
Forum: Investing - Theory, News & General
Topic: Negative Interest Rates in U.S.
Replies: 249
Views: 23038

Re: Negative Interest Rates in U.S.

if rates go to zero, then stocks are very cheap. A few months ago on CNBC Warren Buffet described a prolonged zero interest rate scenario as meaning stocks were "ridiculously cheap" True but inefficient companies will stay in business longer than they should. What will retirees, who need income fro...
by Prahasaurus
Mon Aug 12, 2019 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Received a $17,000 medical bill! Can we negotiate?
Replies: 91
Views: 10529

Re: Received a $17,000 medical bill! Can we negotiate?

One cause, I believe, that I have certainly experienced is "defensive" type things Physicians order and do that "protect" them from lawsuits, etc. Sure, it's a factor, but a relatively small factor. It's all rather easy. Look at EVERY healthcare system in other developed countries. EVERY one. Canad...
by Prahasaurus
Mon Aug 12, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Received a $17,000 medical bill! Can we negotiate?
Replies: 91
Views: 10529

Re: Received a $17,000 medical bill! Can we negotiate?

The amount of money wasted in the US healthcare industry on inefficient admin is just staggering. It is such a major drag on our economy. Having to closely follow if a doctor or lab is “within your network” during a medical emergency is just insane. As an American who has lived many years in Europe,...
by Prahasaurus
Mon Aug 12, 2019 8:16 am
Forum: Investing - Theory, News & General
Topic: Negative Interest Rates in U.S.
Replies: 249
Views: 23038

Re: Negative Interest Rates in U.S.

if rates go to zero, then stocks are very cheap. A few months ago on CNBC Warren Buffet described a prolonged zero interest rate scenario as meaning stocks were "ridiculously cheap" Buffet is sitting on a huge pile of cash, over 122 billion USD. For the past 2 quarters, he has sold more stock than ...
by Prahasaurus
Mon Aug 12, 2019 8:07 am
Forum: Personal Investments
Topic: Student loan debt vs. VTSAX
Replies: 36
Views: 2680

Re: Student loan debt vs. VTSAX

Isn’t there the possibility of a political solution? It would be a disaster to pay it all off, only to have the debt wiped out later (too late for you to benefit), or at least significantly reduced, through Congressional action.
by Prahasaurus
Mon Aug 12, 2019 8:00 am
Forum: Investing - Theory, News & General
Topic: Negative Interest Rates in U.S.
Replies: 249
Views: 23038

Re: Negative Interest Rates in U.S.

if rates go to zero, then stocks are very cheap. So we should all be investing in European stocks, right? Or are rates there below zero because some of their largest economies (UK, Germany, Italy) are in recession? And what happens to US stocks when the US enters recession, as well? Or is thought t...
by Prahasaurus
Mon Aug 12, 2019 7:36 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2144232

Re: U.S. stocks in free fall

Buckle up, people. Gonna be another wild ride today. Also, keep an eye on Kashmir. This is the kind of conflict that can spiral out of control very fast, with terrible implications. Especially with little US involvement (or even understanding of the issue at the highest levels). I know this seems a ...
by Prahasaurus
Thu Aug 08, 2019 11:05 am
Forum: Investing - Theory, News & General
Topic: The reasons dry powder and tactical asset allocation doesn't work
Replies: 26
Views: 3336

Re: The reasons dry powder and tactical asset allocation doesn't work

Buffet's been selling equities (very unusual for him) and hording cash for some months now. He's sitting on a record cash position of over 122 billion USD. Very strange for Buffet, who hates being out of the market. And yet there he goes. Someone should send him a link to this thread. Maybe he just ...
by Prahasaurus
Thu Aug 08, 2019 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Taking a graduate data science job offer, or doing a MSc in Statistics
Replies: 34
Views: 2371

Re: Taking a graduate data science job offer, or doing a MSc in Statistics

Take the job. You want to be a Data Scientist, you have a job as a Data Scientist. You have made the transition from your filed of study to data science, thanks to this job. Now, you will never have to explain to anyone you are qualified to be a Data Scientist. Because you will be working as one... ...
by Prahasaurus
Wed Aug 07, 2019 3:23 pm
Forum: Personal Investments
Topic: My NEW Portfolio + The State of the Market (DOWN)
Replies: 56
Views: 3550

Re: My NEW Portfolio + The State of the Market (DOWN)

Thank you all for the great advice. I will stick with my VTSMAX (Total stock market).. keep investing every month and take advantage of the down swings. Thanks! You are probably very young, and hence in the accumulation stage of your life. Why do you want the market to go up? You should be happy it...
by Prahasaurus
Wed Aug 07, 2019 12:22 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2144232

Re: U.S. stocks in free fall

Culturally, it will be interesting to watch how this plays out. I've only had brief experiences in negotiating with the Chinese, but it seems that patience and prolonged haggling is a large part of the process. It's death from a 1000 paper cuts. I just spent the past 2 years dealing with multiple C...
by Prahasaurus
Wed Aug 07, 2019 12:16 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2144232

Re: U.S. stocks in free fall

I also worry that we're going to overplay our hand here, realizing too late that we have less leverage than we think. My horizon is long so I plan to ride this out, but I'm starting to get a little gloomy. "Going to" overplay our hand? Not to mix metaphors, but I think that Rubicon was passed about...
by Prahasaurus
Wed Aug 07, 2019 11:39 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2144232

Re: U.S. stocks in free fall

That's the point I was trying to make. This message board is intended for "Bogleheads" who should know that market-timing goes completely against Bogle's philosophy. But, for many, the temptation to buy when the market appears down is just too great. Would you be surprised to know Bogle himself rea...
by Prahasaurus
Wed Aug 07, 2019 11:35 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2144232

Re: U.S. stocks in free fall

You know we're in a world of trouble when pundits and posters are talking about "winning a trade war" with China. Ok, good luck with that. Spoiler alert: there isn't going to be any winners, just countries that lose less... And let me tell you, it's not going to be China. My favorite moment was watc...
by Prahasaurus
Tue Aug 06, 2019 5:31 am
Forum: Personal Investments
Topic: Buy During This Dip?
Replies: 99
Views: 13254

Re: Buy During This Dip?

HawkeyePierce wrote:
Tue Aug 06, 2019 5:07 am
My RSUs were deposited in my account Monday morning and I forgot to log in to sell them. Kicking myself over taking a 5% bath on that.
Focus on the positive. By selling now, you may have made 20% in 4 months. :mrgreen:
by Prahasaurus
Tue Aug 06, 2019 4:08 am
Forum: Personal Investments
Topic: Buy During This Dip?
Replies: 99
Views: 13254

Re: Buy During This Dip?

On average it does. But that's my point. This is not an average time. Just like the dot com bubble was not an average time. But, you may say, "How do you know this is not average?" Well, there's the rub... My suggestion is to put a virtual wall in your thought process between investing and anything...
by Prahasaurus
Tue Aug 06, 2019 3:42 am
Forum: Personal Investments
Topic: Buy During This Dip?
Replies: 99
Views: 13254

Re: Buy During This Dip?

If you are sitting on a huge pile of cash for whatever reason (inheritance, performance bonus, lottery win, divorce windfall), and are over 50, then you are a truly brave soul to invest it all now. One can always come up with some bit of news as internal justification for not investing (aka market ...
by Prahasaurus
Tue Aug 06, 2019 2:33 am
Forum: Personal Investments
Topic: Buy During This Dip?
Replies: 99
Views: 13254

Re: Buy During This Dip?

If you purchase monthly, there is nothing to discuss. Keep up the great work. No change necessary. If you are under 50, probably nothing to discuss, as well. Buy, buy, buy, whenever you have the cash. Rebalance as necessary. Business as usual. Ignore the market and spend more time with your wife, hu...
by Prahasaurus
Sun Jul 21, 2019 4:07 am
Forum: Personal Finance (Not Investing)
Topic: MBA worth it?
Replies: 95
Views: 8492

Re: MBA worth it?

I think it’s practically useless, even anachronistic. Paying so much money for such a general education - you will obtain a superficial knowledge of many business subjects, just enough to get you into trouble - no longer makes sense. Yes, I grant you that you may make some interesting personal conta...
by Prahasaurus
Thu Jul 18, 2019 1:08 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio’s latest fearmongering round
Replies: 176
Views: 25417

Re: Ray Dalio’s latest fearmongering round

I would hesitate on drawing in major macroeconomic conclusions now, as I’m very convinced the USA is at a major inflection point politically, similar to what we last saw in the early 80’s, and you are going to see major changes in economic policy over the next 2-3 years. These issues will become fro...
by Prahasaurus
Fri Jun 28, 2019 7:36 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Talk
Replies: 50
Views: 6041

Re: Bitcoin Talk

The other huge advantage of Bitcoin over Boglecoin, and most other cryptocurrencies, is that BTC has stood the test of time. Everyone has tried to hack Bitcoin, ban Bitcoin (governments), even destroy Bitcoin. Without success! Bitcoin has survived, and clearly prospered. That gives Bitcoin a huge a...
by Prahasaurus
Fri Jun 28, 2019 3:05 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Talk
Replies: 50
Views: 6041

Re: Bitcoin Talk

The other huge advantage of Bitcoin over Boglecoin, and most other cryptocurrencies, is that BTC has stood the test of time. Everyone has tried to hack Bitcoin, ban Bitcoin (governments), even destroy Bitcoin. Without success! Bitcoin has survived, and clearly prospered. That gives Bitcoin a huge am...
by Prahasaurus
Wed Jun 26, 2019 2:33 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 25773

Re: Crypto bulls are back. Are you getting in?

In another recent thread here, a gentleman is asking how to go about selling “20 pounds” of silver... I would imagine people have the same issue with gold, at least if they stored it in their basement. Or do they pay to have it stored in a bank? In any case, in 30 years, few people will hold gold or...
by Prahasaurus
Wed Jun 26, 2019 7:53 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 25773

Re: Crypto bulls are back. Are you getting in?

It's amazing how these threads on crypto come back all the sudden. Nothing for months and then bam. I've yet to meet a person who ever actually used bitcoin for any practical use. My guess that's true for 99.99% of people who hold or advocate for bitcoin. Completely agree. It’s like gold. I mean, w...
by Prahasaurus
Tue Jun 25, 2019 3:52 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 25773

Re: Crypto bulls are back. Are you getting in?

I think purchasing BTC can be a way for normal people to sell their local currency in times of crisis, especially when dollars or other “hard” currencies face restrictions. You cannot restrict BTC, provided the purchaser has access to a computer and an internet connection. So that is why it is so us...
by Prahasaurus
Tue Jun 25, 2019 3:31 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 25773

Re: Crypto bulls are back. Are you getting in?

It’s also incredibly safe, but you need to know a bit about how to buy and store. There is still more work there to be done to make this process easier for average investors. How is it incredibly safe? My understanding is that the only way to be safe is to have a hardware wallet. That means, a phys...
by Prahasaurus
Tue Jun 25, 2019 3:26 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 25773

Re: Crypto bulls are back. Are you getting in?

Bitcoin is an investment the way Gold is an investment: as a storage of wealth, and as a way to diversify your portfolio. Bitcoin is not a transactional currency, although it can be used as one. Just as you don’t pay for groceries in gold, you shouldn’t use Bitcoin to purchase items online. Other t...
by Prahasaurus
Tue Jun 25, 2019 3:17 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 25773

Re: Crypto bulls are back. Are you getting in?

It's amazing how these threads on crypto come back all the sudden. Nothing for months and then bam. I've yet to meet a person who ever actually used bitcoin for any practical use. My guess that's true for 99.99% of people who hold or advocate for bitcoin. Completely agree. It’s like gold. I mean, w...
by Prahasaurus
Tue Jun 25, 2019 9:31 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 25773

Re: Crypto bulls are back. Are you getting in?

Nobody—and I mean that literally—has found a viable use for blockchain technology. Turns out there's not much reason to want an extremely slow distributed database. . . . . Only a Sith deals in absolutes. If you make unqualified statements like this, you best be able to back them up. A cursory Goog...
by Prahasaurus
Tue Jun 25, 2019 9:29 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 25773

Re: Crypto bulls are back. Are you getting in?

Bitcoin is an investment the way Gold is an investment: as a storage of wealth, and as a way to diversify your portfolio. Bitcoin is not a transactional currency, although it can be used as one. Just as you don’t pay for groceries in gold, you shouldn’t use Bitcoin to purchase items online. Other tr...
by Prahasaurus
Tue Jun 25, 2019 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Triage in ER - charged $790
Replies: 60
Views: 4972

Re: Triage in ER - charged $790

I recently had a small emergency that took me to the ER, after a long business trip. I had to wait about 15 minutes before getting treated. I was swarmed by a team of doctors. They did a battery of tests, including chest x-rays, blood tests, and a heart scan. All of the results were done on the spot...
by Prahasaurus
Thu Jun 20, 2019 1:49 am
Forum: Investing - Theory, News & General
Topic: Facebook Libra Cryptocurrency - effect on stocks or bonds?
Replies: 44
Views: 4957

Re: Facebook Libra Cryptocurrency - effect on stocks or bonds?

The impact on equity markets will be negligible. If successful, it will certainly impact Facebook's stock. I think the real impact is on further legitimizing crypto currencies. As I've stated many times, I see Bitcoin as the "reserve" crypto currency, not a transactional currency. You won't pay for ...
by Prahasaurus
Thu Jun 20, 2019 1:24 am
Forum: Personal Investments
Topic: Confused with the markets
Replies: 47
Views: 4745

Re: Confused with the markets

I am in a similar situation as you, although we arrived at the same place from very different directions. My resolution was as follows: 1 - Set an Equity/Bond ratio at a level in which I'm fairly comfortable. For me, that's 65/35. 2 - For bond allocation, invest it all immediately. I'm using a mix o...
by Prahasaurus
Wed Jun 12, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Job opportunity - KSA/Bahrain
Replies: 66
Views: 5942

Re: Job opportunity - KSA/Bahrain

So much misguided info in this thread, by all of these Middle East “experts.” I also note posts saying “America is number 1 in freedom!” are fine, but when others point out it’s actually not so simple, we are immediately warned to “not get political.” Funny how that works. But not surprising, I supp...
by Prahasaurus
Mon Jun 10, 2019 12:31 am
Forum: Personal Finance (Not Investing)
Topic: Help with forming a corporation in North Carolina
Replies: 0
Views: 363

Help with forming a corporation in North Carolina

It's likely that I will start an S Corp in North Carolina later this year or early next year. I've been doing my own research, but I'll definitely need to work with a tax accountant and tax attorney. I'm looking for recommendations. Ideally this team would continue to work with me after the initial ...
by Prahasaurus
Sun Jun 09, 2019 12:00 am
Forum: Personal Investments
Topic: why are Small Caps falling?
Replies: 124
Views: 12518

Re: why are Small Caps falling?

I assume small caps are suffering because of recession fears? They tend to do worse during recessions. Facebook and Google probably aren’t going anywhere, even if we see a sharp downturn in 2020. But many small cap stocks could suffer, even go bankrupt. If your investing horizon is measured in decad...
by Prahasaurus
Wed Jun 05, 2019 9:25 am
Forum: Personal Investments
Topic: Talk me out of trading muni bond funds
Replies: 20
Views: 1806

Re: Talk me out of trading muni bond funds

Why did you buy them in the first place? I assume not for yield. More for safety? And tax benefits? I actually own the same fund in my taxable account... If you are holding longer term, and the price falls, doesn’t it also mean your yield will rise? So it seems like you will come out on top no matte...
by Prahasaurus
Wed Jun 05, 2019 3:17 am
Forum: Investing - Theory, News & General
Topic: Swedroe is far from a passive investor and I am beginning to agree
Replies: 62
Views: 6276

Re: Swedroe is far from a passive investor and I am beginning to agree

Bogle was far from a passive investor. He dramatically changed his asset allocation before the dot com crash (moving from equities to bonds), as he felt market valuations had gone completely bonkers. Are we supposed to be more Catholic than the Pope? However, I think these instances are extremely ra...
by Prahasaurus
Tue Jun 04, 2019 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Paying half of my paycheck on health insurance?
Replies: 63
Views: 4883

Re: Paying half of my paycheck on health insurance?

Perform the best you can at this job but *very soon* start looking for your next, better job. Temp agency work does not usually include subsidized health insurance, so you are seeing the full cost passed on to the employee. Keep working hard and hopefully your next position will have better pay and...
by Prahasaurus
Sat Jun 01, 2019 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is an S Corp right for me?
Replies: 9
Views: 736

Re: Is an S Corp right for me?

bsteiner wrote:
Sat Jun 01, 2019 11:34 pm
What are you trying to accomplish?
Invoice clients in Europe and the Middle East. Sign agreements with clients. Legally minimize US taxes, including social. Simplify my taxes as much as possible.
by Prahasaurus
Sat Jun 01, 2019 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is an S Corp right for me?
Replies: 9
Views: 736

Re: Is an S Corp right for me?

It sounds like S-Corp tax treatment will make sense for you. Forming an LLC in your state and electing to be taxed as an S-Corp might be easier than dealing with the S-Corp legal structure. How is your existing EU-based company structured? Will that company continue to exist? There could be some ad...
by Prahasaurus
Sat Jun 01, 2019 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Is an S Corp right for me?
Replies: 9
Views: 736

Re: Is an S Corp right for me?

I’m assuming I set up the American entity Jan 1 2020. And I become a US tax resident on Jan 1, as well. So no impact on taxes in the EU.
by Prahasaurus
Sat Jun 01, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Is an S Corp right for me?
Replies: 9
Views: 736

Is an S Corp right for me?

My situation is a bit complex and always in flux. But I'm going to try to simplify a bit, to keep this manageable. I'm an American, living in the EU with my family, having been here for around 20 years. I'm around 15 years until retirement. My wife is European, she does not have a US passport. We ha...
by Prahasaurus
Fri May 31, 2019 1:58 pm
Forum: Personal Investments
Topic: Should I buy a house now in full or do something else with my money?
Replies: 12
Views: 1345

Re: Should I buy a house now in full or do something else with my money?

If 10 years is your horizon, I don't see an issue. Buy the house. Even if there is a major correction (nobody knows), 10 years is a long time, and you should be able to sell the house for more by then (but nobody knows). In this crazy environment, I think owning a home outright is a huge advantage. ...