Search found 83 matches

by perikleez
Mon Mar 16, 2020 11:57 pm
Forum: Personal Investments
Topic: If you could only choose “fun money” fund/etf
Replies: 7
Views: 504

Re: If you could only choose “fun money” fund/etf

If you could only choose “fun money” fund/etf or individual stock what would it be? I was contemplating opening an account with Robinhood or M1 just as somewhere to throw things like gifted money or small budgeted fun money from time to time. I did that too! it gets rid of the itches you are dying ...
by perikleez
Mon Mar 16, 2020 11:27 pm
Forum: Investing - Theory, News & General
Topic: CNBC Contributor - Cash Out Refi and Invest
Replies: 19
Views: 1451

Re: CNBC Contributor - Cash Out Refi and Invest

Infomercial for what? It is a business channel what do you want them to discuss football? Am I constantly surprised how people have trouble differentiating opinion from fact even when the person talking tells you it is their opinion. The guy was an unabashed bull and basically said things that I ha...
by perikleez
Mon Mar 16, 2020 10:26 pm
Forum: Investing - Theory, News & General
Topic: CNBC Contributor - Cash Out Refi and Invest
Replies: 19
Views: 1451

Re: CNBC Contributor - Cash Out Refi and Invest

nutz havent you figured out that CNBC is wall street’s cheerleader? right now only mega cash into the equities market will save them, and if fed’s trillion dollars isnt helping keep market from falling, dont believe your home equity is experience “gains” There were 2 other guests/contributors with ...
by perikleez
Mon Mar 16, 2020 10:23 pm
Forum: Personal Investments
Topic: Buying Silver for apocalypse
Replies: 63
Views: 3141

Re: Buying Silver for apocalypse

Why silver? Don't a buyer and seller still need to agree on the value of what is traded? if you know the value of your gold and silver coins, you are in the drivers seat, especially when dealing with others who dont have it throughout the ages gold and silver have been recognized as the monetary un...
by perikleez
Mon Mar 16, 2020 10:00 pm
Forum: Investing - Theory, News & General
Topic: CNBC Contributor - Cash Out Refi and Invest
Replies: 19
Views: 1451

Re: CNBC Contributor - Cash Out Refi and Invest

nutz

havent you figured out that CNBC is wall street’s cheerleader?

right now only mega cash into the equities market will save them, and if fed’s trillion dollars isnt helping keep market from falling, dont believe your home equity is experience “gains”
by perikleez
Mon Mar 16, 2020 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Effective Treatments for COVID-19
Replies: 9
Views: 999

Re: Effective Treatments for COVID-19

I heard that effective treatments for COVID-19 may be drugs called hydroxychloroquine and chloroquine. Something the experts are looking into now. Does anyone know about this? around the 5:00min mark. google chloroquine for more https://youtu.be/U7F1cnWup9M EDIT: also this latest info! https://www....
by perikleez
Mon Mar 16, 2020 9:47 pm
Forum: Personal Investments
Topic: Buying Silver for apocalypse
Replies: 63
Views: 3141

Re: Buying Silver for apocalypse

Hopefully not the apocalypse...yet. But I am looking for some guidance from an experienced silver investor in order to buy some silver that can be traded in the even that paper currency becomes useless... In all seriousness, describe the scenario you are imagining where US paper currency becomes wo...
by perikleez
Mon Mar 16, 2020 9:30 pm
Forum: Personal Investments
Topic: Buying Silver for apocalypse
Replies: 63
Views: 3141

Re: Buying Silver for apocalypse

Please don't go too far down this rabbit hole. I made this mistake in 2008 and bought silver all the way up into the 40's. It was an expensive lesson. Part of how I know I can handle a stock heavy allocation is that I never sold my silver. It sits today around $12 - my average cost basis is around ...
by perikleez
Mon Mar 16, 2020 8:38 pm
Forum: Personal Investments
Topic: Buying Silver for apocalypse
Replies: 63
Views: 3141

Re: Buying Silver for apocalypse

try

vaultchain silver on onegold or kitco

due to online dealer coin shortage ive been thinking about giving onegold another shoot to buy silver at spot
by perikleez
Mon Mar 16, 2020 1:58 pm
Forum: Personal Investments
Topic: The Black Swan is Here
Replies: 146
Views: 15190

Re: The Black Swan is Here

Nate79 wrote:
Mon Mar 16, 2020 1:54 pm
2008/2009 was equally scary and we got thru it just fine after some time. This will pass as well.
"got thru it just fine" is relative, of course.

many lost their homes (aka "best investment") and many seniors lost their 401Ks

sure, life went on, but lots of pain endured along the way.
by perikleez
Mon Mar 16, 2020 1:54 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3848
Views: 276175

Re: Coronavirus and the market

Who is shorting the market right now? There is tremendous money to be made by those willing to take risk and put their money where their mouths are, if the market hasn't priced in all the bad news. Who has the courage of their convictions? I still think the reaction to the disease is out of proport...
by perikleez
Mon Mar 16, 2020 1:43 pm
Forum: Investing - Theory, News & General
Topic: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20
Replies: 396
Views: 19730

Re: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20

As I understand the milkshake argument is that the US dollar will be the overwhelmingly strongest currency going into a global currency crisis because the federal reserve is one of the few (maybe only?) that raised interest rates since the 2008 collapse while all other major currencies have only cu...
by perikleez
Mon Mar 16, 2020 1:12 pm
Forum: Personal Investments
Topic: Have ~ $90K in VMFXX fund, Should i move them to safer account?
Replies: 16
Views: 1156

Re: Have ~ $90K in VMFXX fund, Should i move them to safer account?

Hello, I am planning to purchase in next 3-4 months and have parked ~90K funds for closing and downpayment in VMFXX fund. I read couple of threads about how VMFXX fund is not entirely safe. Shall i move these funds to federally insured fund? If yes, where shall i move these funds to? Why not VUSXX?...
by perikleez
Mon Mar 16, 2020 1:00 pm
Forum: Investing - Theory, News & General
Topic: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20
Replies: 396
Views: 19730

Re: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20

Dollar is going to die I think. The only thing they have left is the printing press. milkshake theory https://www.youtube.com/watch?v=2qTOWuL7Zco Even in the dollar milkshake theory Brent Johnson acknowledges gold will rise relative to the dollar even if the dollar beats other fiat currencies. I th...
by perikleez
Mon Mar 16, 2020 3:29 am
Forum: Investing - Theory, News & General
Topic: How much could we theoretically lose?
Replies: 110
Views: 8390

Re: How much could we theoretically lose?

I guess in theory... 100% right? How much I expect? 30-35%. I don't think this will be a 50% drop . Let's see... im no Nostradamus by 50% is my guess. go back to when fed started QE, in Dec 2008, and adjust for correction so in 2010 S&P500 around 1400, consistent with peaks in 2000 and 2007. so 50%...
by perikleez
Mon Mar 16, 2020 3:07 am
Forum: Personal Investments
Topic: Sell gold now?
Replies: 2
Views: 320

Re: Sell gold now?

Purchased some gold/silver back in 2015-2016. It's worth about 16k now. I kind of regretted it because having to store it is a pain, just seems like a big liability. I have wanted to sell it, but just never really got around to it. But now with the market taking a plunge, this might be a good time ...
by perikleez
Mon Mar 16, 2020 12:45 am
Forum: Investing - Theory, News & General
Topic: Is there a single person on here that thinks Coronavirus is going to have a material impact on [earnings]
Replies: 117
Views: 9404

Re: Is there a single person on here that thinks Coronavirus is going to have a material impact on [earnings]

My BIG CONCERN is the us auto industry. A lot of underwater car loans have been propping up sales. When the defaults peak it could kill the big two. WWII was won with heavy manufacturing, not with the Hollywood version of "we were in the right, therefore we won". There is going to be damage. The re...
by perikleez
Mon Mar 16, 2020 12:36 am
Forum: Personal Investments
Topic: Thinking to switch bonds to stock
Replies: 11
Views: 901

Re: Thinking to switch bonds to stock

yes, please hold until thing settle a bit. market volatility looks like a pair of sheers just slicing away at equitie between circuit breakers
by perikleez
Mon Mar 16, 2020 12:29 am
Forum: Investing - Theory, News & General
Topic: Is there a single person on here that thinks Coronavirus is going to have a material impact on [earnings]
Replies: 117
Views: 9404

Re: Is there a single person on here that thinks Coronavirus is going to have a material impact on [earnings]

Complete bunk. We still don't have a vaccine for SARS, and you think we'll have one for COVID-19 by next flu season? Company: Inovio Pharmaceuticals Inc. US:INO Type: DNA-based vaccine "The company plans to begin clinical trials in the U.S. with 30 participants in April. It also plans to launch hum...
by perikleez
Sun Mar 15, 2020 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: How safe is Capital One?
Replies: 13
Views: 1044

Re: How safe is Capital One?

get out of money markets, most at risk for bank holding your funds hostage.

buy short term treasury bills for a couple of months, you won't lose your funds and you will be helping the US Treasury, the economy, the good ol' USA.

https://www.treasurydirect.gov/instit/a ... result.htm
by perikleez
Sun Mar 15, 2020 9:33 pm
Forum: Personal Investments
Topic: Vanguard intermediate treasury (VFIUX)
Replies: 4
Views: 484

Re: Vanguard intermediate treasury (VFIUX)

I just move some funds back to EDV and TLT, hope to have good results at this time given their long term bets.

don't know how it will play out if negative interest rates develop, but I'm taking the "future looks bright" approach.
by perikleez
Sun Mar 15, 2020 9:22 pm
Forum: Personal Investments
Topic: Take money out of the bank?
Replies: 66
Views: 5651

Re: Take money out of the bank?

I have quite a large emergency fund (50k total) in two separate banks. While I am not THAT concerned about Coronavirus, it seems like every day more and more drastic steps are being taken. Has anyone considered taking their money out of the bank? go bold or go home. https://www.apmex.com/product/19...
by perikleez
Sun Mar 15, 2020 9:00 pm
Forum: Investing - Theory, News & General
Topic: Is there a single person on here that thinks Coronavirus is going to have a material impact on [earnings]
Replies: 117
Views: 9404

Re: Is there a single person on here that thinks Coronavirus is going to have a material impact on [earnings]

There's also a chance we don't develop a vaccine. We have not been able to cure common colds, of which 20% are caused by coronaviruses. We do not have a permanent effective vaccine for influenza - a new one has to be developed every year, it's only partially effective, and influenza is still is one...
by perikleez
Sun Mar 15, 2020 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate question with new Fed cut
Replies: 12
Views: 1145

Re: Real Estate question with new Fed cut

my guess is a year from now you may get more bang for the buck.

this economic crisis is going to break a few businesses and homeowners, and a little deflation will be in order (reduce prices)
by perikleez
Sun Mar 15, 2020 8:29 pm
Forum: Personal Investments
Topic: Take money out of the bank?
Replies: 66
Views: 5651

Re: Take money out of the bank?

I would not do that with that amount, especially if in money market accounts buy some short term treasuries ASAP for a a coupe of months and see how this plays out. your risk include (a) FDIC coverage, and potential for full recovery; and (b) access to your funds if there is a bank run, i.e., bank c...
by perikleez
Sun Mar 15, 2020 7:46 pm
Forum: Investing - Theory, News & General
Topic: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20
Replies: 396
Views: 19730

Re: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20

How is cutting rate blunting the virus effect? When I decide not to fly or go out to eat because I fear the virus, 0% interest rate wouldn't make me change my mind. TravelforFun fed is trying to increase liquidity in the market, make more cash and credit available to spend, purchase good and servic...
by perikleez
Sun Mar 15, 2020 7:31 pm
Forum: Investing - Theory, News & General
Topic: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20
Replies: 396
Views: 19730

Re: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20

Forgive my utter ignorance in this matter but is it accurate to say that a negative interest rate will result in costing me money to park cash in a checking or savings account? that's what they say. you can google savings in other countries to confirm. but I think we still have a bit to go for feds...
by perikleez
Sun Mar 15, 2020 6:43 pm
Forum: Investing - Theory, News & General
Topic: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20
Replies: 396
Views: 19730

Re: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20

Doesn’t this just open up the possibility of many bad loans leading to collapse of banks a bit down the road? I thought we’ve seen that before. yes, but more like "everything bubble" popping due to global interconnectiveness of markets. https://www.marketwatch.com/story/heres-the-potential-upside-w...
by perikleez
Sun Mar 15, 2020 6:05 pm
Forum: Investing - Theory, News & General
Topic: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20
Replies: 396
Views: 19730

Re: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20

Mickstick wrote:
Sun Mar 15, 2020 5:56 pm
Dollar is going to die I think. The only thing they have left is the printing press.
milkshake theory

https://www.youtube.com/watch?v=2qTOWuL7Zco
by perikleez
Sun Mar 15, 2020 5:47 pm
Forum: Investing - Theory, News & General
Topic: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20
Replies: 396
Views: 19730

Re: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20

From the press release: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200315b.htm In light of the shift to an ample reserves regime, the Board has reduced reserve requirement ratios to zero percent effective on March 26, the beginning of the next reserve maintenance period. This...
by perikleez
Sun Mar 15, 2020 5:30 pm
Forum: Investing - Theory, News & General
Topic: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20
Replies: 396
Views: 19730

Re: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20

Kenkat wrote:
Sun Mar 15, 2020 5:16 pm
The fed is not cutting rates so that we can all have our equity portfolios recover to new highs. They are dumping liquidity into the market.
yup, the days of QE funding corporate buy backs and corporate bond to punch through to new highs are officially over.
by perikleez
Sun Mar 15, 2020 5:23 pm
Forum: Personal Investments
Topic: Houston Advisor suggestion
Replies: 3
Views: 248

Re: Houston Advisor suggestion

just buy short-term treasury bills until you get to about $10K, which should give you enough time to evaluate where to invest your money next, and to allow market to settle down. you won't make much on interest, but you won't lose it on riskier investment products. https://www.treasurydirect.gov/ins...
by perikleez
Sun Mar 15, 2020 5:07 pm
Forum: Investing - Theory, News & General
Topic: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20
Replies: 396
Views: 19730

Re: Federal Reserve just cuts rates to zero. Do you think the worst is over?

Does the video show that the Fed has the legal authority to do that? If so, please link to the relevant statute or regulation. Waiving the payroll tax is a rather inefficient way to send money to consumers, given timing issues and targeting issues. For example, the people who need help the most pay...
by perikleez
Sun Mar 15, 2020 4:58 pm
Forum: Investing - Theory, News & General
Topic: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20
Replies: 396
Views: 19730

Re: Federal Reserve just cuts rates to zero. Do you think the worst is over?

Nope. The Fed just proved that Friday's rally wasn't the beginning of the end of this bear. agree. In fact, many are saying the 20% drop is officially sign we are in a bear market, i.e., recession slide. my guess is that over next 6mos to end of year, we will see some Wall Street institutions fold,...
by perikleez
Sun Mar 15, 2020 4:45 pm
Forum: Investing - Theory, News & General
Topic: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20
Replies: 396
Views: 19730

Re: Federal Reserve just cuts rates to zero. Do you think the worst is over?

Nope. The Fed just proved that Friday's rally wasn't the beginning of the end of this bear. agree. In fact, many are saying the 20% drop is officially sign we are in a bear market, i.e., recession slide. my guess is that over next 6mos to end of year, we will see some Wall Street institutions fold,...
by perikleez
Sun Mar 15, 2020 3:49 pm
Forum: Personal Investments
Topic: My dad says I should pull out of the market before "they" steal it all
Replies: 113
Views: 8100

Re: My dad says I should pull out of the market before "they" steal it all

I've heard all those buy and hold long run stuff for a while, but never could see how staying in during a 20-40% drop made financial sense over just stepping aside a few weeks/months to see how things develop. You are correct. If a person knows 100% that the market is going to drop 20-40%, it's mak...
by perikleez
Sun Mar 15, 2020 2:58 pm
Forum: Personal Investments
Topic: My dad says I should pull out of the market before "they" steal it all
Replies: 113
Views: 8100

Re: My dad says I should pull out of the market before "they" steal it all

Nope. What made you decide to pull out a month ago? Was it the news about the virus and anticipation that it would affect the market? Ray Dalio and others have been predicting that for since 2018. I know a guy that’s been predicting this since 2010. I win Actually, wasn't Ray Dalio the guy who said...
by perikleez
Sun Mar 15, 2020 1:03 am
Forum: Personal Investments
Topic: My dad says I should pull out of the market before "they" steal it all
Replies: 113
Views: 8100

Re: My dad says I should pull out of the market before "they" steal it all

dru808 wrote:
Sun Mar 15, 2020 12:55 am
I know a guy that’s been predicting this since 2010. I win
lol, of course you win. everyone gets a participation trophy.
by perikleez
Sun Mar 15, 2020 12:27 am
Forum: Personal Investments
Topic: My dad says I should pull out of the market before "they" steal it all
Replies: 113
Views: 8100

Re: My dad says I should pull out of the market before "they" steal it all

Nope. What made you decide to pull out a month ago? Was it the news about the virus and anticipation that it would affect the market? I've been following the fed's repo actions since the spike in Sep 2019 and started moving away from equities in Dec. I stay <10% till feb when many analysts were say...
by perikleez
Sun Mar 15, 2020 12:09 am
Forum: Personal Investments
Topic: My dad says I should pull out of the market before "they" steal it all
Replies: 113
Views: 8100

Re: My dad says I should pull out of the market before "they" steal it all

Well lookie what we have here. “Dumb money” is pulling out from fear. The only way you lock in losses is by giving into gear. Buy and hold is the best strategy. To time the market as you believe requires that you know when to get out and know when to get back in. Don’t think you know this. Neither ...
by perikleez
Sat Mar 14, 2020 11:54 pm
Forum: Investing - Theory, News & General
Topic: So what does shutting down the US economy for a few months look like?
Replies: 200
Views: 14976

Re: So what does shutting down the US economy for a few months look like?

look at it this way, this economic slow down is our doing, our pro active business and government decisions for the good of all Americans. as opposed to being a sudden reaction to a global crisis like nuclear bomb, a biological weapon with 80% lethality, or some natural disaster like the San Andreas...
by perikleez
Sat Mar 14, 2020 11:37 pm
Forum: Personal Investments
Topic: My dad says I should pull out of the market before "they" steal it all
Replies: 113
Views: 8100

Re: My dad says I should pull out of the market before "they" steal it all

He is referring to the heavy hitters on wall street. We were talking about the latest market volatility and he said he is cashing out and suggested that I do the same. He is retirement age and has had an index fund for the last 20 years and not happy with its performance as of late. Fortunately he ...
by perikleez
Sat Mar 14, 2020 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Planned to pay off debt, now wondering if liquidity is more important.
Replies: 37
Views: 3200

Re: Planned to pay off debt, now wondering if liquidity is more important.

I agree with the other posters. Pay off the credit card debt and keep the student loan until things settle down. If times get tough, you can always “reborrow” from the credit company. (But don’t do that. Ever.) You can’t reborrow student loans that have been been paid off. fully agree. there is mor...
by perikleez
Wed Feb 19, 2020 2:35 am
Forum: Personal Finance (Not Investing)
Topic: Prenup - Worth It?
Replies: 237
Views: 9980

Re: Prenup - Worth It?

the topic has been dissected and OP has obtained thoughtful and diverse comments and recommendations. however, should he decide to go with prenup plan, the proof is in the pudding as many reconsider along the way seeking to avoid the relationship tension and stress of attorney assistance, legal fees...
by perikleez
Mon Feb 17, 2020 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: De minimis safe harbor election for rental property before year placed in service
Replies: 1
Views: 180

Re: De minimis safe harbor election for rental property before year placed in service

are you using tax filing software? should lead you to the answer. in general, I always go for the plan reading of the IRS publication and take all deductions that I can this tax filing instead of next year. I have to many other big ticket tax issues that I'm focused on pushing along through out the ...
by perikleez
Mon Feb 17, 2020 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup - Worth It?
Replies: 237
Views: 9980

Re: Prenup - Worth It?

just so you know, I'm not attempting to discourage your moving forward and don't doubt that both of you have the best of intentions. but here are some basic realities that I believe would be very difficult for your to appreciate at this time: 1. People change, life events happen, and marriage has a ...
by perikleez
Mon Feb 17, 2020 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup - Worth It?
Replies: 237
Views: 9980

Re: Prenup - Worth It?

Where to you live OP? What is your current state of residency? As some have mentioned, unless you have previously discussed with her, your timing is horrible as any attorney could invalidate is as signed under duress. On the up side, her lack of familiarity with legal system may discourage her altog...
by perikleez
Mon Feb 17, 2020 7:51 pm
Forum: Investing - Theory, News & General
Topic: Checkbook IRA LLC for Rental Property?
Replies: 16
Views: 837

Re: Checkbook IRA LLC for Rental Property?

There was a recent podcast by Paula Pant Afford Anything that included this topic. Even for well seasoned real estate investors they strongly warned against this. The potential pitfalls and complexity is very high even assuming you use a well established company for the self directed IRA. Thank you...
by perikleez
Mon Feb 17, 2020 7:39 pm
Forum: Investing - Theory, News & General
Topic: Checkbook IRA LLC for Rental Property?
Replies: 16
Views: 837

Re: Checkbook IRA LLC for Rental Property?

Well, I suspect we have some different opinions on the future, but a couple thoughts. First, the one-time IRA-HSA rollover is capped at the annual contribution maximum for the HSA. That means you cannot do a $150,000 rollover from an IRA to an HSA. You can do $3550 or $7100, depending on family/ind...
by perikleez
Mon Feb 17, 2020 6:01 pm
Forum: Investing - Theory, News & General
Topic: Checkbook IRA LLC for Rental Property?
Replies: 16
Views: 837

Re: Checkbook IRA LLC for Rental Property?

Really? There's no way to have a mortgage and pay it out of IRA assets? Isn't that exactly what REITs and other real estate funds do? (and they can be held inside IRAs) How can an IRA account get a mortgage approved? The same way a business loan would be approved, I would imagine - by looking at th...