Search found 1148 matches

by Lee_WSP
Thu Nov 14, 2019 10:27 pm
Forum: Investing - Theory, News & General
Topic: optimal strategy for exploiting robo-advisors
Replies: 33
Views: 2476

Re: optimal strategy for exploiting robo-advisors

The other thing I am trying to get across is that net capital losses by themselves are capped at $3,000 that you can take each year per the tax code. To really get the benefit, they need to be offset by realized Capital Gains elsewhere. I believe the rule is $3,000 of your regular income per year, ...
by Lee_WSP
Thu Nov 14, 2019 9:08 pm
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 79
Views: 9633

Re: Long Term Bonds getting killed today

pascalwager wrote:
Thu Nov 14, 2019 6:18 pm

The cost is a materialized risk.
Okay... I suppose you are correct if you take the view that everything we do has an opportunity cost risk. So, sure.
by Lee_WSP
Thu Nov 14, 2019 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Small business records move and storage costs
Replies: 7
Views: 283

Re: Small business records move and storage costs

Not sure about the IRS but my advice would be to scan and destroy Yes, agreed, but it is astonishingly time consuming. I have started to do this, but I don't have the time (or energy) between now and the projected move to scan all the records. You can hire a company for possibly less than the movin...
by Lee_WSP
Thu Nov 14, 2019 4:30 pm
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 79
Views: 9633

Re: Long Term Bonds getting killed today

That's the risk: You may not be able to do the alternative thing without taking a loss on the present thing. For example, you can't buy a higher rate bond without first suffering a principal reduction on the sale of the presently-owned bond. In other words, the reason you're not going to do the alt...
by Lee_WSP
Thu Nov 14, 2019 11:48 am
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 79
Views: 9633

Re: Long Term Bonds getting killed today

Which risk did I make up? 2) viable alternative to what? FWIW I did mention that CDs can offer a better risk adjusted return for some. My point is simply that single bonds have real, not hypothetical, term risks. Please explain how opportunity cost is real if someone isn't actually going to do the ...
by Lee_WSP
Wed Nov 13, 2019 6:30 pm
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 79
Views: 9633

Re: Long Term Bonds getting killed today

Term risk is not hypothetical. If you hold a single bond and rates rise significantly, you have significant opportunity costs unless you sell the bond, which would be at a market price that reflects the increased market yields. CDs bought directly from banks (as opposed to brokered CDs) do have pot...
by Lee_WSP
Wed Nov 13, 2019 3:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1904
Views: 198667

Re: U.S. stocks continue to soar!

This thread is supposed to be about the complete U.S. stocks picture but this is false. Small Caps which are are the quintessence of U.S. stocks are performing miserably and have been performing miserably for the last 2 years. Perhaps the title of this thread should be U.S. Multinationals continue ...
by Lee_WSP
Wed Nov 13, 2019 12:59 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1904
Views: 198667

Re: U.S. stocks continue to soar!

Balanced portfolios are the prudent thing to do. All in VTI all the time is not prudent but more risk more reward. :greedy VTSAX VTI has a lower rake. Your poker reference has granted your character +1 charisma. :happy I notice "investing" can be much like gambling depending on how one does it. I n...
by Lee_WSP
Tue Nov 12, 2019 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Selling house with no commissions,fair deal?
Replies: 38
Views: 1717

Re: Selling house with no commissions,fair deal?

Do a quit claim deed for 765k.
by Lee_WSP
Tue Nov 12, 2019 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refinance Suggestions
Replies: 13
Views: 946

Re: Student Loan Refinance Suggestions

If your loans are Dept of Ed, I would suggest not refinancing. The hardship options available from the government trump any interest savings. Just pay more than the 10 year plan towards the highest interest rate ones and they'll be gone eventually. That's good advice in general, and I agree that fe...
by Lee_WSP
Tue Nov 12, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Need to add houseguests to homeowners or umbrella insurance?
Replies: 17
Views: 1096

Re: Need to add houseguests to homeowners or umbrella insurance?

We did have an incident 2 years ago in the family. A nephew needed to stay for a few months with his girlfriend and their child. The girlfriend started a small kitchen fire that damaged the apartment. The insurance DID NOT pay claiming that the girl friend was not part of the family just the nephew...
by Lee_WSP
Tue Nov 12, 2019 11:32 am
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 79
Views: 9633

Re: Long Term Bonds getting killed today

I agree that a bond ladder has very similar risks to a bond fund, but we're talking about holding a single bond or group of bonds until maturity. By itself, the bond will yield the face value and once it matures you can deal with the current environment at that time and either roll it or not. That s...
by Lee_WSP
Tue Nov 12, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10454

Re: Seller's agent not letting us use a buyer's agent

Directly commenting on your comment is off topic? :oops: BTW...the law is that a dual agent has a fiduciary duty to both parties in some states. Some states (only 4) don't allow dual agency. In some states real estate agents often are not required by law to represent the interests of buyers or sell...
by Lee_WSP
Tue Nov 12, 2019 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10454

Re: Seller's agent not letting us use a buyer's agent

How does the seller's agent telling your agent something rather than you help that? A seller's agent revealing the price intentions of the seller is completely against the rules. Are you saying they won't present the offer at the price you want? I don't see how having a buyer's agent or not impacts...
by Lee_WSP
Tue Nov 12, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10454

Re: Seller's agent not letting us use a buyer's agent

That doesn't mean a lot to me. These people get a license in most states by taking a simple exam. That hardly makes them experts in their field. Someone that has been a licensed agent for 2 weeks having a fiduciary responsibility...what does that mean??? How many agents have been sued for neglectin...
by Lee_WSP
Tue Nov 12, 2019 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10454

Re: Seller's agent not letting us use a buyer's agent

I don't get it. Every agent wants to earn a commission. Which they do by concluding a deal. You need to look out for yourself. I would take any agents advice with a grain of salt. Do you go to a car dealer and ask the salesman "is this a good car?" It is like when people ask the waiter what they re...
by Lee_WSP
Tue Nov 12, 2019 12:32 am
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 79
Views: 9633

Re: Long Term Bonds getting killed today

Reinvestment risk, interest rate risk, term risk, are all fundamentally the same risk: the risk that comparable alternative investment options would yield more or less than the option you chose. Doesn't interest rate risk actually affect the bond fund since it buys & sells bonds frequently, whereas...
by Lee_WSP
Mon Nov 11, 2019 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10454

Re: Seller's agent not letting us use a buyer's agent

How can he truly represent both parties? (Not to mention that this seller's agent, by his own admission, is long-term friends with the owner.) That clinches it for me. You can not (and should not) expect your interests to be fairly represented by the seller's agent here. I don't get it. Every agent...
by Lee_WSP
Mon Nov 11, 2019 11:40 pm
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 79
Views: 9633

Re: Long Term Bonds getting killed today

Reinvestment risk, interest rate risk, term risk, are all fundamentally the same risk: the risk that comparable alternative investment options would yield more or less than the option you chose. Doesn't interest rate risk actually affect the bond fund since it buys & sells bonds frequently, whereas...
by Lee_WSP
Mon Nov 11, 2019 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Business Insurance - Who are the main players?
Replies: 4
Views: 319

Re: Business Insurance - Who are the main players?

Ugh, this reminds me that I need to shop for agents next spring.
by Lee_WSP
Mon Nov 11, 2019 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10454

Re: Seller's agent not letting us use a buyer's agent

How can he truly represent both parties? (Not to mention that this seller's agent, by his own admission, is long-term friends with the owner.) That clinches it for me. You can not (and should not) expect your interests to be fairly represented by the seller's agent here. I don't get it. Every agent...
by Lee_WSP
Mon Nov 11, 2019 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Need to add houseguests to homeowners or umbrella insurance?
Replies: 17
Views: 1096

Re: Need to add houseguests to umbrella insurance?

Will they be driving any of your vehicles? If so, I'd recommend letting your insurance agent know. The agent and their company probably won't care, but I could be wrong and I would hate to see a claim denied due to poor advice from a random stranger on the internet! No, no driving. I guess I’m more...
by Lee_WSP
Mon Nov 11, 2019 6:04 pm
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 79
Views: 9633

Re: Long Term Bonds getting killed today

Okay, let's discuss inflation risk. The reason I don't care about inflation risk is that it's going to strike everything regardless of what we do. Conceptually it strikes bonds more, but really, it strikes all assets. So, I think touting it around like it only affects bonds is a red herring. All you...
by Lee_WSP
Mon Nov 11, 2019 6:00 pm
Forum: Investing - Theory, News & General
Topic: Saving for a new vehicle
Replies: 36
Views: 3183

Re: Saving for a new vehicle

I don't think there are any mind blowing new safety features within the last five years. Seven years, maybe. At ten years, I'd say it's definitely time to get the new generation of safety features. Adaptive Cruise Control is becoming standard, Automatic Emergency Braking, backup cameras, testing fo...
by Lee_WSP
Mon Nov 11, 2019 5:57 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1469
Views: 103547

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Sounds good. Just pushing a bit but seems well thought out. Beyond my variant of this adventure I also hope to beat the broad market over the next 30-40 years but I’m using a small-value tilt instead of leverage. It's not like I'm experienced. I just started investing. I read books, articles and wa...
by Lee_WSP
Mon Nov 11, 2019 11:30 am
Forum: Investing - Theory, News & General
Topic: Saving for a new vehicle
Replies: 36
Views: 3183

Re: Saving for a new vehicle

I don't think there are any mind blowing new safety features within the last five years. Seven years, maybe. At ten years, I'd say it's definitely time to get the new generation of safety features.
by Lee_WSP
Mon Nov 11, 2019 11:25 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1469
Views: 103547

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

@HEDGEFUNDIE How would you approach this with almost no assets and a high savings rate? I was thinking about 70% VT + 30% SSO for the next 25-30 years, no bonds. But how would you rebalance such a portfolio? Or not rebalance it at all and let things play out? Volatility decay kills these products u...
by Lee_WSP
Mon Nov 11, 2019 11:01 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1469
Views: 103547

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

@HEDGEFUNDIE How would you approach this with almost no assets and a high savings rate? I was thinking about 70% VT + 30% SSO for the next 25-30 years, no bonds. But how would you rebalance such a portfolio? Or not rebalance it at all and let things play out? Volatility decay kills these products u...
by Lee_WSP
Mon Nov 11, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refinance Suggestions
Replies: 13
Views: 946

Re: Student Loan Refinance Suggestions

If your loans are Dept of Ed, I would suggest not refinancing. The hardship options available from the government trump any interest savings. Just pay more than the 10 year plan towards the highest interest rate ones and they'll be gone eventually.
by Lee_WSP
Mon Nov 11, 2019 9:49 am
Forum: Investing - Theory, News & General
Topic: Saving for a new vehicle
Replies: 36
Views: 3183

Re: Saving for a new vehicle

Consider leasing as you think about this. I KNOW I KNOW most Bogleheads don't agree. But it has some big benefits: 1. You don't need to worry about changing your current asset allocation. That has value in that cash will pay what cash pays and you may have to forgo positive market moves should they...
by Lee_WSP
Mon Nov 11, 2019 12:01 am
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 79
Views: 9633

Re: Long Term Bonds getting killed today

Reinvestment risk, interest rate risk, term risk, are all fundamentally the same risk: the risk that comparable alternative investment options would yield more or less than the option you chose. Doesn't interest rate risk actually affect the bond fund since it buys & sells bonds frequently, whereas...
by Lee_WSP
Sun Nov 10, 2019 11:38 pm
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 79
Views: 9633

Re: Long Term Bonds getting killed today

Reinvestment risk, interest rate risk, term risk, are all fundamentally the same risk: the risk that comparable alternative investment options would yield more or less than the option you chose. Doesn't interest rate risk actually affect the bond fund since it buys & sells bonds frequently, whereas...
by Lee_WSP
Sun Nov 10, 2019 11:19 pm
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 79
Views: 9633

Re: Long Term Bonds getting killed today

Reinvestment risk, interest rate risk, term risk, are all fundamentally the same risk: the risk that comparable alternative investment options would yield more or less than the option you chose. Doesn't interest rate risk actually affect the bond fund since it buys & sells bonds frequently, whereas...
by Lee_WSP
Sun Nov 10, 2019 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10454

Re: Seller's agent not letting us use a buyer's agent

Look, you shouldn't have asked for the private showing, that's what buyers agents are for. It's how the system works. And yes they're all realtors so they're basically all in it. I trust you, but I'm bewildered that it works that way. Asking someone to show you the product they're selling shouldn't...
by Lee_WSP
Sun Nov 10, 2019 6:33 pm
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 79
Views: 9633

Re: Long Term Bonds getting killed today

Unless for some reason you're dead set on rolling the bonds when it matures, I don't see the reinvestment risk realized as opportunity cost.
by Lee_WSP
Sun Nov 10, 2019 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10454

Re: Seller's agent not letting us use a buyer's agent

I don't understand why you blatantly lied to the sellers agent. Perhaps if you want the house bad enough with your agent you should pay your own agent a commission yourself. Buyers should pay their agents an hourly fee and get to take three percent off the purchase price. But alas, the system is ri...
by Lee_WSP
Sun Nov 10, 2019 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: WSJ: Underwater Car Loans
Replies: 38
Views: 2282

Re: WSJ: Underwater Car Loans

I agree. Debt is going to be the next bubble. But I don't think it'll be nearly as bad as the mortgage crisis.
by Lee_WSP
Sun Nov 10, 2019 1:59 pm
Forum: Personal Investments
Topic: Asset allocation significance
Replies: 16
Views: 1562

Re: Asset allocation significance

The potential earnings are significant, but if a multi year drawdown occurs during or right before retirement the consequences are even more drastic. So the more conservative allocation is more of an insurance against a really bad decade of returns. I think keeping ten years of living expenses in sa...
by Lee_WSP
Sun Nov 10, 2019 1:00 pm
Forum: Investing - Theory, News & General
Topic: optimal strategy for exploiting robo-advisors
Replies: 33
Views: 2476

Re: optimal strategy for exploiting robo-advisors

Couldn't the robots and the individual schedule both harvesting and contributions every thirty days? If there are any lots that are under, you sell that index and swap it for another index. It cannot be that hard to do. Previously we were prevented from doing this because of trading fees, but now th...
by Lee_WSP
Sun Nov 10, 2019 12:40 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1469
Views: 103547

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

While I'm no longer in TMF myself, watching it fall so precipitously from such highs is painful. I just needed to get that off my chest. You'd have to go all the way back to July 31st 2019 to see these prices, dividends aside. I hold TMF. Its down a lot and I have been putting capital to it. As a c...
by Lee_WSP
Sun Nov 10, 2019 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: WSJ: Underwater Car Loans
Replies: 38
Views: 2282

Re: WSJ: Underwater Car Loans

This is a sensational title since literally every new car loan is essentially 'underwater' at the time of origination due to the rapid depreciation of new cars. Financing a car is not always terrible as portrayed here and can allow leverage of zero or low interest loans for a good you were planning...
by Lee_WSP
Sun Nov 10, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Who can claim as dependent?
Replies: 5
Views: 330

Re: Who can claim as dependent?

Deleted
by Lee_WSP
Sun Nov 10, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: WSJ: Underwater Car Loans
Replies: 38
Views: 2282

Re: WSJ: Underwater Car Loans

You get out by stop buying new cars and run the existing car into the ground as you pay off the loan. Or you surrender the vehicle and declare bankruptcy. Or you have gap insurance and your car is totaled. ...so can somebody explain how you get in...this kind of financial mess? I'll take this one......
by Lee_WSP
Sun Nov 10, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10454

Re: Seller's agent not letting us use a buyer's agent

The sellers agent did all the work and you didn’t tell them that you had an agent. They deserve the whole sale. You don’t have to miss out on the house. You just need to get over being miffed. Sorry. Cheers He showed us the house once. He asked if we had an agent during the tour. We said we did not...
by Lee_WSP
Sun Nov 10, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10454

Re: Seller's agent not letting us use a buyer's agent

The sellers agent did all the work and you didn’t tell them that you had an agent. They deserve the whole sale. You don’t have to miss out on the house. You just need to get over being miffed. Sorry. Cheers He showed us the house once. He asked if we had an agent during the tour. We said we did not...
by Lee_WSP
Sun Nov 10, 2019 9:56 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1469
Views: 103547

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

While I'm no longer in TMF myself, watching it fall so precipitously from such highs is painful. I just needed to get that off my chest. You'd have to go all the way back to July 31st 2019 to see these prices, dividends aside. I hold TMF. Its down a lot and I have been putting capital to it. As a c...
by Lee_WSP
Sat Nov 09, 2019 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 7534

Re: Do you charge your employer for the time that you spend working on your off days?

I wouldn't try to charge him for the time, that isn't going to go well. I would ask him not to contact you on your days off, or alternatively set the expectation beforehand that you will not be reachable on a vacation day. There are many legitimate reasons one might not be within cell reception on ...
by Lee_WSP
Sat Nov 09, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10454

Re: Seller's agent not letting us use a buyer's agent

The issue is the Seller's agent doesn't want to pay your agent a commission when they did all of the work. Why would they? Your agent should have been "dragged" along to all of the showings, that's what they are there for. Redfin agents muddy these waters are they aren't full commission agents and ...
by Lee_WSP
Sat Nov 09, 2019 11:25 am
Forum: Investing - Theory, News & General
Topic: optimal strategy for exploiting robo-advisors
Replies: 33
Views: 2476

Re: optimal strategy for exploiting robo-advisors

I fail to see what the robo would do that 15 minutes of my time & a calendar reminder would not be able to do. Automated software can do it much more aggresively and thoroughly. I opened an account at Wealthfront in July 2018 with $5k, and contributed $1k weekly since. Just in 2018 they harvested $...
by Lee_WSP
Sat Nov 09, 2019 10:49 am
Forum: Investing - Theory, News & General
Topic: optimal strategy for exploiting robo-advisors
Replies: 33
Views: 2476

Re: optimal strategy for exploiting robo-advisors

I fail to see what the robo would do that 15 minutes of my time & a calendar reminder would not be able to do. Automated software can do it much more aggresively and thoroughly. I opened an account at Wealthfront in July 2018 with $5k, and contributed $1k weekly since. Just in 2018 they harvested $...