Search found 1522 matches

by patrick
Mon Feb 19, 2018 10:41 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 194
Views: 23240

Re: Buying and Spending Bitcoin

Good post. Essentially governments would also have to implement the equivalent of KYC regulations for previously-anonymous person-to-person crypto sales. So...make it illegal to sell bitcoin to an anonymous counterparty? Not necessarily the same as KYC, but some sort of information gathering is one...
by patrick
Sun Feb 18, 2018 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 6731

Re: Sell me on the benefits of an emergency fund

Life happens. - One morning you go to work, your car broke down. You need a replacement car. - One night you come back from work, your wife tells you she wants a divorce. - Just as you come back home from a vacation, a fire destroy your house and all your belongings. - One day you wake up, your wif...
by patrick
Sun Feb 18, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency costs
Replies: 22
Views: 1338

Re: Emergency costs

We both (me and husband) have long-term disability insurance (and it ain't cheap) but would greatly make 1&2 financially easier -- I'd check that you have enough in your work policy to actually cover living expenses (blah blah you are more likely to be disabled than die early blah bah and I don't w...
by patrick
Sun Feb 18, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency costs
Replies: 22
Views: 1338

Re: Emergency costs

We both (me and husband) have long-term disability insurance (and it ain't cheap) but would greatly make 1&2 financially easier -- I'd check that you have enough in your work policy to actually cover living expenses (blah blah you are more likely to be disabled than die early blah bah and I don't w...
by patrick
Sat Feb 17, 2018 2:00 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 194
Views: 23240

Re: Buying and Spending Bitcoin

NYT touched on this concept recently: Why the I.R.S. Fears Bitcoin . Obviously I am not advocating tax evasion, but I am advocating discussing its problems openly. Snippet from the NYT op-ed: Here is a simple tax dodge that would be hard for the I.R.S. to prove: Suppose A, B and C are electronic ad...
by patrick
Fri Feb 16, 2018 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Substantially Equal Periodic Payments (Funding Early Retirement)
Replies: 17
Views: 1380

Re: Substantially Equal Periodic Payments (Funding Early Retirement)

In case you didn't know already, note that SEPP does not work well with Roth accounts.
by patrick
Fri Feb 16, 2018 7:33 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 194
Views: 23240

Re: Buying and Spending Bitcoin

With regard to Lightning Network, I should not have compared it to PayPal. However, Mathematical Proof That the Lightning Network Cannot Be a Decentralized Bitcoin Scaling Solution claims to provide mathematical proof that Lightning Network will need to be centralized in order to function, and I do...
by patrick
Wed Feb 14, 2018 7:10 pm
Forum: Investing - Theory, News & General
Topic: In plain English, please explain what was VIX, what happened to it and why?
Replies: 68
Views: 5820

Re: In plain English, please explain what was VIX, what happened to it and why?

So out of curiosity I looked up the XIV prospectus http://app.velocitysharesetns.com/files/prospectus/CS_VIX_VelocityShares_ETN_Amended_Final_Pricing_Supplement_AR48_long_form_2.PDF and saw this footnote. Reflects the number of such ETNs offered hereby. As of January 26, 2018, there were issued and...
by patrick
Tue Feb 13, 2018 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should I claim chapter 7 bankruptcy? debt 110k
Replies: 64
Views: 6465

Re: Should I claim chapter 7 bankruptcy? debt 110k

Why not file for bankruptcy? A brokerage that allows you to buy things like SVXY on margin deserves to lose $110k.
by patrick
Sat Feb 10, 2018 10:53 pm
Forum: Investing - Theory, News & General
Topic: split international into developed and emerging for lower expenses?
Replies: 3
Views: 497

split international into developed and emerging for lower expenses?

I was looking over the current Vanguard expense ratios and notice the following for international funds: 0.07% VTMGX (Vanguard Developed Markets Index Fund Admiral Shares) 0.11% VTIAX (Vanguard Total International Stock Index Fund Admiral Shares) 0.14% VEMAX (Vanguard Emerging Markets Stock Index Fu...
by patrick
Sat Feb 10, 2018 10:42 pm
Forum: Personal Consumer Issues
Topic: Home printer
Replies: 21
Views: 989

Re: Home printer

They charge that much because they can. You could try to find compatible ink not made by the printer manufacturer at a lower price.
by patrick
Sat Feb 10, 2018 5:00 pm
Forum: Investing - Theory, News & General
Topic: Bond funds and stock funds, which one is riskier?
Replies: 50
Views: 4102

Re: Bond funds and stock funds, which one is riskier?

In the long term it is not clear if anything is safe. In the past US stocks tended to recover from losses if held long enough but I don't see any reason to think that is guaranteed to happen in the future. Nominal bonds are fairly safe in the short term but due to inflation are risky in the long ter...
by patrick
Sat Feb 10, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: your assets - now verses end of year?
Replies: 38
Views: 2386

Re: your assets - now verses end of year?

I'm up $1,333.36 for the year. This is due to new income being added, not because I brilliantly timed the market.
by patrick
Fri Feb 09, 2018 11:40 pm
Forum: Investing - Help with Personal Investments
Topic: Choosing muni bond funds
Replies: 52
Views: 4451

Re: Choosing muni bond funds

SNTIX blows VWITX out of the water for returns at every interval. Check it out. 2x the Sharpe ratio and a 30% higher yield. SNTIX has outperformed in the last 10 years, but if you go back its inception (in 1988) it has slightly underpformed compared to VWITX. Due to its credit quality, a better com...
by patrick
Fri Feb 09, 2018 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Choosing muni bond funds
Replies: 52
Views: 4451

Re: Choosing muni bond funds

SNTIX blows VWITX out of the water for returns at every interval. Check it out. 2x the Sharpe ratio and a 30% higher yield. SNTIX has outperformed in the last 10 years, but if you go back its inception (in 1988) it has slightly underpformed compared to VWITX. Due to its credit quality, a better com...
by patrick
Fri Feb 09, 2018 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: 0% 18/MO.Balance Transfer w/2% fee
Replies: 17
Views: 853

Re: 0% 18/MO.Balance Transfer w/2% fee

Leveraging a portfolio usually adds lots of risk. However, there seems to be a very small opening to win on this without extra risk. Assuming you are about to (or just did) put a lot of money on a regular credit card anyway, then you might have an advantage from transferring to this card and buying ...
by patrick
Tue Feb 06, 2018 2:24 pm
Forum: Investing - Theory, News & General
Topic: Total International Index funds
Replies: 8
Views: 1106

Re: Total International Index funds

In this case it is probably more due to looking at prices from different times rather than a currency effect. Stock prices (including US-listed foreign stock ETFs) went down in the US late in the trading day yesterday, after foreign markets had closed. The losses seen in foreign markets today are la...
by patrick
Tue Feb 06, 2018 10:19 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 162
Views: 16665

Re: Bitcoin in Freefall

You still need to have two sides to a transaction. Perhaps a miner can't make a profit selling bitcoin for less than, say $5,000/BTC, so perhaps the "ask" is resistant to dropping below some number, but that doesn't automatically mean they can sell as many as they like--or need to sell to keep thei...
by patrick
Mon Feb 05, 2018 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Today was a Really Bad Day
Replies: 278
Views: 46472

Re: Today was a Really Bad Day

You know it is a *really* bad day when the Vanguard website goes down!
by patrick
Mon Feb 05, 2018 5:40 pm
Forum: Personal Consumer Issues
Topic: Is Insight Visa still giving 5% on 5k?
Replies: 6
Views: 542

Re: Is Insight Visa still giving 5% on 5k?

This article might shed some light on the matter: https://www.doctorofcredit.com/insight- ... w-account/

It seems that if you have a Republic Bank of Chicago backed Insight card you still get the 5% interest, but not if you have the Axiom Bank ones.
by patrick
Sun Feb 04, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Another one bites the dust (Northpointe 5% checking account going away)
Replies: 5
Views: 768

Another one bites the dust (Northpointe 5% checking account going away)

Rewards checking accounts have been mentioned here a few times, and it now seems that another one has essentially disappeared. I recently got a notice in the mail from Northpointe (which is rather easier to mistake for just another boring copy of their privacy policy) about changes that make the acc...
by patrick
Sat Feb 03, 2018 8:56 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 162
Views: 16665

Re: Bitcoin in Freefall

This is amazing to watch in real time. I'm not sure which way I'm rooting for - I don't have anything riding on the outcome. Yes you have if you in the stocks or bonds. Ripples of mass scale wipeout of wealth among bit-coin holder will be felt among TSM and TBM holders, even proeprty prices as as w...
by patrick
Wed Jan 31, 2018 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Forget Bitcoin! Bananacoin is here!
Replies: 12
Views: 1974

Re: Forget Bitcoin! Bananacoin is here!

You don't need to have "coin" in the name to make money off crypto. According to https://coinmarketcap.com/currencies/useless-ethereum-token/ one of the best-performing crypto assets is Useless Ethereum Token (symbol UET) which has more than quadrupled in value in the past week. And it achieved tho...
by patrick
Tue Jan 30, 2018 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Forget Bitcoin! Bananacoin is here!
Replies: 12
Views: 1974

Re: Forget Bitcoin! Bananacoin is here!

You don't need to have "coin" in the name to make money off crypto. According to https://coinmarketcap.com/currencies/useless-ethereum-token/ one of the best-performing crypto assets is Useless Ethereum Token (symbol UET) which has more than quadrupled in value in the past week. And it achieved thos...
by patrick
Sat Jan 27, 2018 2:09 pm
Forum: Investing - Theory, News & General
Topic: likely date for a bitcoin crash: does this make sense to you?
Replies: 114
Views: 10121

Re: likely date for a bitcoin crash: does this make sense to you?

More seriously since the London documentary was mentioned above, I read that e.g. in the UK they have exchanges that store bitcoin off the network in cold storage (like coinfloor) so there seem to be ways to keep it safe. Best thing IMO is either invest zero or only a small sum, so it doesn't affec...
by patrick
Thu Jan 25, 2018 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: Unclear how to incorporate company pension into my asset allocation
Replies: 20
Views: 1403

Re: Unclear how to incorporate company pension into my asset allocation

I suspect the pension only resets the rate at certain times rather than every day. You can see the current and historical treasury rates on https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield If you have the right to withdraw the balance (which yo...
by patrick
Thu Jan 25, 2018 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: What will you do with your tax refund?
Replies: 46
Views: 2938

Re: What will you do with your tax refund?

I don't expect to get a refund this year, but when I did get them I just considered it an addition to my overall assets. For the federal refund I had put it in I bonds a couple of times to be able to buy more of them.
by patrick
Thu Jan 25, 2018 9:45 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 75
Views: 11727

Re: Muni Money Market funds starting to look good!

The end of year muni money market yield spike is indeed rather strange. However, it comes in at just the right time if you are looking for somewhere to temporarily hold the proceeds from tax loss harvesting.
by patrick
Thu Jan 25, 2018 7:05 pm
Forum: Personal Consumer Issues
Topic: Bank signup bonus 1099
Replies: 36
Views: 2477

Re: Bank signup bonus 1099

I got the 1099-INT for the Capital One bonus online on the 18th and the one for the Chase bonus in the mail on the 20th. I'm still waiting on a few others.
by patrick
Thu Jan 25, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Money Markets vs. High Yield Savings
Replies: 12
Views: 1410

Re: Money Markets vs. High Yield Savings

You can get 1.7% on savings at ableBanking.
by patrick
Thu Jan 25, 2018 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) Help
Replies: 4
Views: 227

Re: 401(k) Help

Usually the S&P 500 fund is the cheapest one, but this plan seems to be the exception. If I were in this plan I would completely avoid the S&P index fund in the plan -- you can always buy a similar fund outside the plan for much lower fees.
by patrick
Wed Jan 24, 2018 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Underpayment Penalties for Mega Roth Conversion?
Replies: 26
Views: 1998

Re: IRS Underpayment Penalties for Mega Roth Conversion?

Best to go straight to the source for information on when the penalties apply: https://www.irs.gov/publications/p505 The penalty generally applies when you have a large amount of additional tax due with your return (note that conversions in 2018 would go on the return you file April 15, 2019). The I...
by patrick
Tue Jan 23, 2018 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Sign Up Bonuses/Offers
Replies: 8
Views: 1062

Re: Sign Up Bonuses/Offers

Be sure to pay attention to all the fine print on the bonuses. For example, Chase will take the bonus back if you close the account within 6 months.
by patrick
Tue Jan 23, 2018 6:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard chief says "You will never see a bitcoin fund from us"
Replies: 33
Views: 2853

Re: Vanguard chief says "You will never see a bitcoin fund from us"

In any case, you can hold cryptocurrencies yourself, especially if it's only one. You don't need a fund manager for this. Also, for the near future it looks like the SEC's concerns about bitcoin funds are such that they won't be resolved soon, so there won't even be funds available from anybody, no...
by patrick
Sun Jan 21, 2018 3:25 pm
Forum: Personal Consumer Issues
Topic: Passport renewal and usage- what's the scoop?
Replies: 33
Views: 2886

Re: Passport renewal and usage- what's the scoop?

The 3 months until expiration is presumably to make sure that your passport won't expire while you are in the foreign country, which won't apply to a new passport. I used both of my passports less than a month after the issue dates with no problems. Note however that it may take a while after applyi...
by patrick
Fri Jan 19, 2018 7:15 pm
Forum: Investing - Theory, News & General
Topic: Is the crypto market efficient?
Replies: 23
Views: 1385

Re: Is the crypto market efficient?

The short answer is "no, not at all". I think it was last week where exchanges in SK were showing a 20% spread on certain coins against other exchanges for no discernable reason. I believe the higher Korean prices have been consistent quite a while. Just now I compared Kraken (US) and Bithumb (Sout...
by patrick
Wed Jan 17, 2018 8:35 pm
Forum: Investing - Theory, News & General
Topic: likely date for a bitcoin crash: does this make sense to you?
Replies: 114
Views: 10121

Re: likely date for a bitcoin crash: does this make sense to you?

http://nordic.businessinsider.com/the-swedish-founder-of-bitcoin.com-one-of-the-largest-sites-in-the-industry-has-sold-all-his-bitcoins-because-its-as-good-as-useless--/ "USELESS" Stop buying Bitcoin! It's USELESS!!! Come buy my alternative, Bitcoin Cash! :shock: Which, it transpires, is also usele...
by patrick
Wed Jan 17, 2018 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Market
Replies: 30
Views: 2417

Re: Bond Market

... 20% loss in a week happens all the time in stocks? That doesn't seem right -- do you even remember a weekly loss that large in stocks ? I remember a daily loss bigger than that: Black Monday . PJW So it last happened a little over 30 years ago and garnered an ominous name -- I would not use "ha...
by patrick
Wed Jan 17, 2018 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Market
Replies: 30
Views: 2417

Re: Bond Market

The "as risky as stocks" is complete nonsense. Yes, it's possible that they decline but the magnitude of such decline is likely an order of magnitude smaller. If the long, boring history of funds like Total Bond Market (worst year ever : -2.7%), or the Treasury fund between 2003-2007 when yields we...
by patrick
Wed Jan 17, 2018 12:23 am
Forum: Investing - Help with Personal Investments
Topic: Is it reasonable to try to time the I-Bond market?
Replies: 13
Views: 1279

Re: Is it reasonable to try to time the I-Bond market?

Back when the fixed rate was 0% it seemed obvious to wait -- it could only go higher. But now even at 0.10% it could go lower! How would one try to predict the future fixed rate? To the extent that it is not completely arbitrary it would presumably be based on the yields of marketable TIPS at the ti...
by patrick
Tue Jan 16, 2018 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: How exactly is the $55,000 limit on a 401k counted?
Replies: 1
Views: 617

How exactly is the $55,000 limit on a 401k counted?

In order to go beyond the $18,500 limit on regular 401k contributions, I am also making non-Roth after tax contributions (similar to nondeductible traditional IRA contributions). I understand there is also an overall limit of $55,000 on what can be added to the 401k each year, including regular cont...
by patrick
Tue Jan 16, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: Is lump sum or dollar cost averaging more in line with boglehead values?
Replies: 22
Views: 1599

Re: Is lump sum or dollar cost averaging more in line with boglehead values?

I don't even know if there's more than a handful of rolling 12 month DCA period(s) that would have worked out over investing the lump sum up front over the last 6 years . Right. But this bull market will end. It's just a matter of time... And if the bull market ends the day after your DCA period en...
by patrick
Tue Jan 16, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Best High Interest Banking Accounts (With Bill Pay): (Checking/Savings/MMA?)
Replies: 8
Views: 712

Re: Best High Interest Banking Accounts (With Bill Pay): (Checking/Savings/MMA?)

Big list of high interest bank accounts: https://www.doctorofcredit.com/high-interest-savings-to-get/ If you are willing to meet requirements like those for the BCU account linked you can find various accounts with higher rates. For example, LMCU 3% on up to $15000 with a 10 transaction per month re...
by patrick
Thu Jan 11, 2018 1:02 am
Forum: Investing - Theory, News & General
Topic: Kodakcoin
Replies: 101
Views: 8312

Re: Kodakcoin

Time for SearsCoin. RadioShackoin. JCPennyCoin. KMartCoin. And various other HailMaryCoins. Why stop there? We need crypto currency as unique as we are individuals. I propose a DIY kit for anyone to have their own crypto that's as easy as 123. Pick a name for the currency, and $9.99 later a startup...
by patrick
Tue Jan 09, 2018 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Why not Muni Money Market?
Replies: 41
Views: 3505

Re: Why not Muni Money Market?

Can you explain why you think VRDO and ARS don’t have similar issues. I don’t work in the industry but was exposed several times to ARS pitches by two different banks in the early 2000’s and luckily chose not to believe that they were as safe as MM funds. In my comment I explicitly stated that VRDO...
by patrick
Sat Jan 06, 2018 7:09 pm
Forum: Personal Consumer Issues
Topic: Chip architecture vulnerability in pretty much everthing
Replies: 106
Views: 6821

Re: Chip architecture vulnerability in pretty much everthing

Question to MudPuppy:- Given that the exploit uses repeated exceptions to infer the protected data, why not have a patch which clamps down and kills the offending thread when it does "too many" exceptions "too quickly"? Come to think of it, generally one strike and out rule is applied to the except...
by patrick
Fri Jan 05, 2018 8:26 pm
Forum: Personal Consumer Issues
Topic: Chip architecture vulnerability in pretty much everthing
Replies: 106
Views: 6821

Re: Chip architecture vulnerability in pretty much everthing

I can see what these would be a potential problem on a server where multiple people are using the the same computer but I don't understand why this is a problem on a standalone PC that only has one user. For someone to exploit this this on your home PC I would assume that there would need to be mal...
by patrick
Fri Jan 05, 2018 7:12 pm
Forum: Personal Consumer Issues
Topic: Chip architecture vulnerability in pretty much everthing
Replies: 106
Views: 6821

Re: Chip architecture vulnerability in pretty much everthing

From what has been posted here, it appears that the hardware is allowing a process to access an address outside the address space of the process if the data at that address is in cache as a result of speculative execution. If the data were not in cache or were in cache due to non-speculative execut...
by patrick
Thu Jan 04, 2018 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Cryptocurrency Exit Strategy
Replies: 52
Views: 4669

Re: Cryptocurrency Exit Strategy

Right now it looks like XRP is trading at $2.79 in the USA and $4.04 in South Korea. Perhaps the best exit strategy involves moving to Korea?