Search found 170 matches

by Impatience
Fri Oct 16, 2020 9:17 am
Forum: Personal Investments
Topic: HSA - Is this Considered part of your retirement
Replies: 34
Views: 1863

Re: HSA - Is this Considered part of your retirement

Absolutely! If not used for medical expenses the HSA can be withdrawn at retirement age and you pay income tax. It’s just a better version of a 401k. I just wish there was a Roth HSA :mrgreen:
by Impatience
Thu Oct 15, 2020 9:00 pm
Forum: Investing - Theory, News & General
Topic: Seriously, what is going on with international?
Replies: 175
Views: 15511

Re: Seriously, what is going on with international?

Prices aren’t a random walk. They are just assumed to be a random walk to make financial math work. It’s close enough. But in the real world it’s not random at all it’s caused by real transactions, buyers and sellers.
by Impatience
Tue Oct 13, 2020 9:23 pm
Forum: Investing - Theory, News & General
Topic: Yield Chasers Rejoice: Oil Stocks at 6.44% !!!
Replies: 51
Views: 4694

Re: Yield Chasers Rejoice: Oil Stocks at 6.44% !!!

How many people on this forum are going to get burned badly by their insistence on betting on oil? I expect quite a lot.
by Impatience
Tue Oct 13, 2020 5:31 pm
Forum: Personal Consumer Issues
Topic: Tesla Phantom braking
Replies: 28
Views: 2379

Re: Tesla Phantom braking

God bless all you auto-pilot beta testers. I’ll remember you fondly when I make the switch in 2035.
by Impatience
Fri Oct 09, 2020 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a career
Replies: 42
Views: 2113

Re: Choosing a career

The most important thing is to have a plan and commit to it. That plan could be investment banker or cardiologist ... or it could be art history major. As long as you understand what you need to do to succeed, know the likely outcomes, and are ok with having or making X amount of dollars. Have a pla...
by Impatience
Thu Oct 08, 2020 10:26 am
Forum: Investing - Theory, News & General
Topic: Is this info on Big Tech valid?
Replies: 19
Views: 1230

Re: Is this info on Big Tech valid?

Busting them up might increase tech earnings in the long run. At a certain size the bureaucracy and inertia of a company becomes immense. Alphabet in particular has become a mockery of its original incarnation. I’d rather have a few stripped down outshoots and less of the baggage.
by Impatience
Thu Oct 08, 2020 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Is programming still a valuable skill to learn?
Replies: 218
Views: 15363

Re: Is programming still a valuable skill to learn?

What is the alternative? Generic business skills? Even more oversaturated. Manufacturing? I don’t think so. It’s the surest way to money and security that is in a person’s power to pursue. The only thing that might unseat it is a more niche or specialized technology focus. Electrical engineering com...
by Impatience
Thu Oct 08, 2020 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Would you rather be the richest or poorest person in town?
Replies: 109
Views: 7891

Re: Would you rather be the richest or poorest person in town?

I don’t have it on hand but research has shown people are significantly happier being on the upper end of wealth in a less highly valued neighborhood or building than they are being on the lower rung of a “nicer” area, all else being equal. Even if you don’t think you care about that sort of thing i...
by Impatience
Wed Oct 07, 2020 4:54 pm
Forum: Personal Investments
Topic: Applying a bit of Leverage in Roth IRA as an early accumulator
Replies: 17
Views: 1517

Re: Applying a bit of Leverage in Roth IRA as an early accumulator

My IRA account is 100% NTSX. Set it and forget it. Much simpler than what you're trying to do, and it is 1.5x (90/60) with only a 0.20 % ER. I have other stuff in taxable and my 401k doesn't have NTSX available. That’s an extremely negligible amount of leverage. If you’re looking to hit the gas on ...
by Impatience
Tue Oct 06, 2020 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Two Job Offers - Please Help!
Replies: 43
Views: 3334

Re: Two Job Offers - Please Help!

Man the pessimism is just palpable. You have a PhD in Computer Science and two six figure job offers. Please try and see the silver lining every once in awhile, no matter what it takes. You shouldn’t attach a negative qualifier to every facet of your life. You spend $36k a year? Between you and your...
by Impatience
Fri Oct 02, 2020 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Six Figure Student Debt
Replies: 84
Views: 6887

Re: Six Figure Student Debt

Living at home doesn’t “stunt your growth” unless the reason you’re living at home is your own shortcomings or immaturity. There’s plenty of good reasons to do it. People all over the world live at home with their families for much of their lives including their extended families. It’s a great sourc...
by Impatience
Tue Sep 29, 2020 8:20 am
Forum: Personal Investments
Topic: starting out intelligently.
Replies: 140
Views: 3007

Re: VHT And VNQ

abuss368 wrote: Sat Sep 26, 2020 3:09 pmFor ever sector fund you buy for possible outperformance there is someone on the other end of the trade (Gordon Gekko) who thinks it will underperform.
Most counterparties in financial markets are hedged, they’re not taking a position on whatever product they’re dealing you.
by Impatience
Mon Sep 28, 2020 9:36 pm
Forum: Personal Investments
Topic: I wish I had not bought silver bricks. Help!
Replies: 33
Views: 6412

Re: I wish I had not bought silver bricks. Help!

All depends on how much of your networth that represents. If it’s 50%, sell. If it’s 5%, oh well, they probably look cool.
by Impatience
Fri Sep 25, 2020 11:42 am
Forum: Personal Investments
Topic: Should I make 2020 Roth IRA contributions, or wait? What have you done?
Replies: 10
Views: 1264

Re: Should I make 2020 Roth IRA contributions, or wait? What have you done?

Ensure you’re maxing your annual HSA contribution if you’re eligible (ie if you have a high deductible medical insurance plan). Even if your employer doesn’t offer HSA you can open your own with Fidelity and deduct your contributions.
by Impatience
Wed Sep 16, 2020 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 21007

Re: Preparing for retirement in mid 30s

Retiring in your 30’s with a $1.5M portfolio and a solid plan to spend the rest of your life on healthcare intended for the poor. Very classy.
by Impatience
Tue Sep 15, 2020 9:34 pm
Forum: Investing - Theory, News & General
Topic: You are probably invested in Bitcoin now
Replies: 36
Views: 3036

Re: You are probably invested in Bitcoin now

I’m sure index fund and ETF owners are unwitting possessors of much more dubious assets than a few fractions of bitcoin. Who knows what kind of fraudulent dealings are afoot at some of those companies. But that’s why we’re diversified ... VTSAX could be 5% bitcoin and it still probably wouldn’t matt...
by Impatience
Tue Sep 15, 2020 10:07 am
Forum: Investing - Theory, News & General
Topic: Why are Call Options a bad idea?
Replies: 21
Views: 1780

Re: Why are Call Options a bad idea?

Generally for the same reasons that buying individual stocks is a bad idea. You’re trying to outsmart the market. But that’s only true if you’re buying calls on individual stocks and/or with short times to expiry. Buying in-the-money index LEAPs, for example calls on SPY or QQQ out to 2021/2022, wou...
by Impatience
Mon Sep 14, 2020 7:23 pm
Forum: Personal Consumer Issues
Topic: Raise offering 20% cash back on Delta gift cards
Replies: 21
Views: 1855

Re: Raise offering 20% cash back on Delta gift cards

So this site is basically a fence for stolen or fraudulently obtained gift cards, right?
by Impatience
Mon Sep 14, 2020 3:16 pm
Forum: Investing - Theory, News & General
Topic: Variable Universal Life Insurance Experts - Seems Like a No Brainer - Please Read
Replies: 90
Views: 4508

Re: Variable Universal Life Insurance Experts - Seems Like a No Brainer - Please Read

For someone with tons and tons of money yes it makes sense. These policies are almost always demonized around here and with good reason but if you’ve exhausted every other possible avenue of tax advantaged investment then they can be worthwhile.
by Impatience
Mon Sep 14, 2020 10:01 am
Forum: Investing - Theory, News & General
Topic: HELOC for Investing During Major Market Downturns. Bad Idea?
Replies: 30
Views: 2018

Re: HELOC for Investing During Major Market Downturns. Bad Idea?

But then I get nervous about having a slightly depleted EF (four months expenses instead of six). Doing a HELOC seems slightly safer. Thoughts? I don’t buy this part of your argument. Buying stocks on margin with your house as collateral is safer than depleting 1/3 of your emergency fund? Why not b...
by Impatience
Mon Sep 14, 2020 9:50 am
Forum: Investing - Theory, News & General
Topic: HELOC for Investing During Major Market Downturns. Bad Idea?
Replies: 30
Views: 2018

Re: HELOC for Investing During Major Market Downturns. Bad Idea?

It’s subject to the same caveats as all leveraged investing... as long as you don’t overextend yourself, or take too much risk, or get very unlucky, it should work out fine. You would want to only take out a fraction of your max possible amount and invest it pretty conservatively. The worst part of ...
by Impatience
Sun Sep 13, 2020 7:26 am
Forum: Personal Investments
Topic: I’ve got 50K to invest in an ultra aggressive portfolio—seeking growth to 1 Million
Replies: 76
Views: 7628

Re: I’ve got 50K to invest in an ultra aggressive portfolio—seeking growth to 1 Million

Just spend every penny of it on buying short-dated TSLA calls or something. You’ll probably end up losing every penny but there’s an appreciable chance you’ll hit the jackpot too.
by Impatience
Fri Sep 11, 2020 4:22 pm
Forum: Personal Investments
Topic: Unitrust advice??
Replies: 21
Views: 765

Re: Unitrust advice??

Of course you can’t guarantee 5% forever but you can maximize the probability of getting the most out of it as possible, and that would simply be low-cost ETFs in the Boglehead way. A simple two or three fund portfolio. The only question you need to answer is how much to allocate to bonds vs stocks....
by Impatience
Fri Sep 11, 2020 2:06 pm
Forum: Personal Consumer Issues
Topic: Garden Variety Non-stick Frying Pan: Can I use This on an Outdoor Grill?
Replies: 11
Views: 594

Re: Garden Variety Non-stick Frying Pan: Can I use This on an Outdoor Grill?

If it has a Teflon coating then it’s probably not safe. Use cast iron or carbon steel. Anything 100% metal will work fine.
by Impatience
Thu Sep 10, 2020 5:47 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6566
Views: 617512

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

The reason you guys are seeing such low UPRO/equity allocations is because of the recent volatility. The whole point of the adaptive asset allocation is that you’re rotating out of the asset with increasing volatility until it settles back down. There’s a lot of strategies out there where you move o...
by Impatience
Thu Sep 10, 2020 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: How to stop judging how other people spend/invest
Replies: 76
Views: 4944

Re: How to stop judging how other people spend/invest

Sure your approach will probably net you a higher net worth in the end, but will you be happier than those people? Who’s to say. Or who’s to say your approach IS right? You make some statements about avoiding debt and using 529 plans that are a little too certain. Those aren’t necessarily the right ...
by Impatience
Thu Sep 10, 2020 1:34 pm
Forum: Investing - Theory, News & General
Topic: Why does everyone think the market is over-inflated?
Replies: 112
Views: 8370

Re: Why does everyone think the market is over-inflated?

Most people think the stock market is meant to reflect the reality of the economy outside their window - it isn’t. It’s a measure of each company’s future earnings... future meaning the entire future, extending into infinite time. The world can be a wreck today and it doesn’t matter. If you’re confi...
by Impatience
Thu Sep 10, 2020 1:31 pm
Forum: Personal Consumer Issues
Topic: credit score fico 2 much lower than fico 8
Replies: 7
Views: 793

Re: credit score fico 2 much lower than fico 8

Paying the loan down completely may briefly lower your credit score because you’ll have less accounts and less variety of accounts open. Pay it down by 1500 as you suggested. Then pay all of your credit cards to zero because you can do so without the accounts closing. You should be doing this every ...
by Impatience
Wed Sep 09, 2020 5:50 pm
Forum: Investing - Theory, News & General
Topic: International stock investing is industry diversification and style diversification
Replies: 92
Views: 7092

Re: International stock investing is industry diversification and style diversification

I don’t trust foreign corporate governance. Even if those companies outperform, will that outperformance go to the shareholders? Does anyone care about the shareholders? The US basically invented the concept (not literally but we codified the philosophy, law, and academic backing of it). US companie...
by Impatience
Wed Sep 09, 2020 4:36 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 28323

Re: Family member has one million in one stock , doesn't want to cash out

000 wrote: Wed Sep 09, 2020 3:33 pm TSLA +10.92% today

Looks like he sold at a local bottom.
Predictably. Since when do you sell on the biggest red day in ages? That’s market timing 101. He should have at least waited for the dead cat bounce.

To the Op, it’s WAY too soon to be saying “I told you so”.
by Impatience
Tue Sep 08, 2020 11:35 am
Forum: Personal Investments
Topic: bbva brokerage
Replies: 15
Views: 975

Re: bbva brokerage

she wants to stick with brick and mortar bbva. thats where her money is. so $10 to buy a nice conservative vanguard fund would be nice if they offer it. i have an email in to them i'll see what they say. That's $10 to buy and then $10 every time she wants to make a withdrawal. Those fees are going ...
by Impatience
Tue Sep 08, 2020 9:58 am
Forum: Personal Investments
Topic: Changing allocation, but too much capital gain
Replies: 14
Views: 844

Re: Changing allocation, but too much capital gain

You can make your IRA's 100% bonds. You can stop reinvesting dividends in your taxable stock funds and direct them to cash/bonds. You can sell taxable stock shares when there are losses. I like this. You can make your tax advantaged accounts even more or entirely conservative. That will get your to...
by Impatience
Sat Sep 05, 2020 12:06 pm
Forum: Investing - Theory, News & General
Topic: Is it really passive index if S&P actively excludes Tesla?
Replies: 154
Views: 11146

Re: Is it really passive index if S&P actively excludes Tesla?

There is no such thing as a truly “passive” index. Every single index is made by humans who decide which criteria to use to determine the contents of the index. Whether it’s the DOW or NASDAQ or S&P or some niche proprietary index they all reflect the choices and biases of their makers. The products...
by Impatience
Fri Sep 04, 2020 4:46 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20309
Views: 2776348

Re: U.S. stocks in free fall

Forester wrote: Fri Sep 04, 2020 11:36 am Embarrassing disaster for the recency bias people (US megacap 60/US bonds 40), gold & SCV doing much better.
Sounds like you’re the one with a recency bias is you’re drawing conclusions from two days of trading.
by Impatience
Fri Sep 04, 2020 3:35 pm
Forum: Personal Investments
Topic: Looking to invest 1% of NW into high risk/high reward. QQQ? VGT? IGM?
Replies: 20
Views: 1402

Re: Looking to invest 1% of NW into high risk/high reward. QQQ? VGT? IGM?

You say individual stocks are too high a risk, but you’re only willing to commit 1% of your cash? That’s a contradiction. Investing 1% in something like VGT or QQQ will have close to no impact on your returns even if they continue their recent trend of performance over the next however many years/de...
by Impatience
Fri Sep 04, 2020 11:57 am
Forum: Personal Investments
Topic: leveraged inverse FAANG ETF as a hedge?
Replies: 19
Views: 1376

Re: leveraged inverse FAANG ETF as a hedge?

It’s not wise. That product may dampen volatility in the short term but over time its value will diminish enormously. Zoom out on a chart of its performance and ask yourself if that’s something you want to hold long-term. If you’re not comfortable holding the market cap weight of tech then you’re no...
by Impatience
Fri Sep 04, 2020 11:12 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20309
Views: 2776348

Re: U.S. stocks in free fall

I went all in on Hedgefundie’s strategy but with TQQQ - last week! Well, was partially in before that. I’m down about 20% so far across all accounts. Figures. Nothing to do now but ride it out. https://youtu.be/zrCo0m5gSfc?t=228 :sharebeer Does Vanguard allow leveraged ETF's at their brokerage? no ...
by Impatience
Fri Sep 04, 2020 10:50 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20309
Views: 2776348

Re: U.S. stocks in free fall

I went all in on Hedgefundie’s strategy but with TQQQ - last week! Well, was partially in before that. I’m down about 20% so far across all accounts. Figures. Nothing to do now but ride it out. Would you buy TQQQ right now? If not, don't fall for the sunk cost fallacy and sell it. Leveraged ETF's a...
by Impatience
Fri Sep 04, 2020 10:33 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20309
Views: 2776348

Re: U.S. stocks in free fall

I went all in on Hedgefundie’s strategy but with TQQQ - last week! Well, was partially in before that. I’m down about 20% so far across all accounts. Figures. Nothing to do now but ride it out. In poker terms, you're pot committed. Good job not panicking, but I question whether it was wise to go al...
by Impatience
Fri Sep 04, 2020 10:27 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20309
Views: 2776348

Re: U.S. stocks in free fall

I went all in on Hedgefundie’s strategy but with TQQQ - last week! Well, was partially in before that. I’m down about 20% so far across all accounts. Figures. Nothing to do now but ride it out.
by Impatience
Fri Sep 04, 2020 5:44 am
Forum: Investing - Theory, News & General
Topic: Pe ratios and the stock market
Replies: 9
Views: 725

Re: Pe ratios and the stock market

If earnings rise but the P/E ratio stays constant (or decreases less), share prices will increase.
by Impatience
Thu Sep 03, 2020 9:45 pm
Forum: Personal Consumer Issues
Topic: Chase Freedom Unlimited Visa
Replies: 14
Views: 1836

Re: Chase Freedom Unlimited Visa

Alliant cash back card is 2.5% on everything, every day, all the time. I switched to it earlier this year. Nothing really compares with it as far as simplicity. There’s a $99 annual fee that is waived the first year which is the main drag on it. If you spend at least $19,800 per year that will cover...
by Impatience
Thu Sep 03, 2020 8:57 pm
Forum: Investing - Theory, News & General
Topic: Uniswap Bogleheads?
Replies: 16
Views: 1246

Re: Uniswap Bogleheads?

It’s certainly interesting. Stock exchanges run by for-profit corporations will probably be replaced by something like this in the distant future. So many corporations are just matchmakers that don’t add much value and will be ripe for cutting out ... I’m thinking of stock exchanges, Uber/Lyft, etc....
by Impatience
Wed Sep 02, 2020 10:14 pm
Forum: Personal Investments
Topic: It's fascinating to get your kids involved in investing
Replies: 60
Views: 3406

Re: It's fascinating to get your kids involved in investing

Learning individual stocks first makes sense. After all they’re the building blocks of everything else. What shocks me is that they even saved up that much. Most cash I ever saved before I was old enough to work was about $200. I was a fiend for every new video game.
by Impatience
Wed Sep 02, 2020 9:52 pm
Forum: Investing - Theory, News & General
Topic: Where is the joy ? How long can this joyless ride last ?
Replies: 66
Views: 6861

Re: Where is the joy ? How long can this joyless ride last ?

Joyless? I’m loving every second of it. Maybe I’m a weirdo, or just an optimist.
by Impatience
Wed Sep 02, 2020 8:34 pm
Forum: Investing - Theory, News & General
Topic: Boglehead diversification
Replies: 34
Views: 2294

Re: Boglehead diversification

Past a certain point diversification has greatly diminishing returns. A portfolio of only equities can be sufficiently diversified for many investors and a portfolio of stocks and bonds for anybody. Plus they’re just so easy to buy and trade. Other asset classes have unique advantages but pursuing t...
by Impatience
Wed Sep 02, 2020 7:27 pm
Forum: Investing - Theory, News & General
Topic: Chase performance all you want.. it doesn't need to matter
Replies: 111
Views: 8172

Re: Chase performance all you want.. it doesn't need to matter

burritoLover wrote: Wed Sep 02, 2020 7:23 pm Yes, please keep driving up tech so my SCV tilt has better returns post-crash.
Sounds like you’re performance-chasing...!
by Impatience
Wed Sep 02, 2020 1:08 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6566
Views: 617512

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

Hey, I've got a question for those of you who use TYD. Why is it slightly down today when IEF (int treasuries) and UST (2x int) both up? Just a guess here but TYD trades at a very low volume. Its price may be slow to reflect changes in the value of the underlying securities and distorted by the siz...
by Impatience
Wed Sep 02, 2020 1:03 pm
Forum: Personal Investments
Topic: How Do You Factor Stocks and Options from Employer in Your AA?
Replies: 18
Views: 500

Re: How Do You Factor Stocks and Options from Employer in Your AA?

Whether or not a stock pays dividends is mostly irrelevant - you shouldn’t let it guide your decision making. Whether a company pay you through dividends or stock appreciation you’re still getting paid. Generally it’s a big no no to hold an individual stock but that’s especially true if that stock i...
by Impatience
Wed Sep 02, 2020 11:09 am
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4723

Re: Should I take short term gains and face the taxes?

Wow people sure are harsh. There’s no need to feel bad for pulling out a win. IMO you should just hold until your gains are a year old and then rebalance while facing long term gains - assuming your gains are all in broad-based ETFs or mutual funds. You didn’t specify where they are. If they’re in ...