Search found 251 matches

by ensign_lee
Fri Nov 16, 2018 10:19 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 642
Views: 44688

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Oh man, this would make me SOOOO happy.

My current HSA providers...well, suck.
by ensign_lee
Thu Oct 18, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 493
Views: 49465

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Read this whole thread and some links but I’m still not sure if this will work. Can anyone verify if the scenario qualifies? 1. Transfer $$$ from ally to vanguard today (but do not deplete ally account completely). 2. Enroll in 1% back at ally. 3. Transfer $$$ back from vanguard to ally before end-...
by ensign_lee
Fri Jul 27, 2018 1:06 pm
Forum: Personal Consumer Issues
Topic: Figuring out long-term technology plan for kids - Chromebook?
Replies: 43
Views: 2571

Re: Figuring out long-term technology plan for kids - Chromebook?

I just got the Chromebook Flip. It's AMAAAAZING.

Would recommend. Your daughter sounds like a perfect candidate too, since everything she does uses google stuff
by ensign_lee
Fri Jul 13, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Anyone experienced landlords here? Caught some of my tenants renting out rooms. Anything I should do?
Replies: 33
Views: 6186

Re: Anyone experienced landlords here? Caught some of my tenants renting out rooms. Anything I should do?

Apparently, I'm in the minority, but I would just let it be. You rented the space to your tenant, it's effectively his/her space while he/she is renting it from you. If you have nothing in your lease preventing subletting, you're also on shaky legal ground to say that they can't. Unless you see evid...
by ensign_lee
Mon Jun 04, 2018 7:29 am
Forum: Personal Consumer Issues
Topic: Need to replace my Vizio TV..............
Replies: 35
Views: 2901

Re: Need to replace my Vizio TV..............

The new LG OLEDs are AMAZING imo. OMG, watching Blue Planet II or Planet Earth II is visually orgasmic. I don't think I can go back now. The picture has amazing contrast, no motion blur at all, and the TV itself is visually stunning. Can't recommend them enough. And if you buy with the Costco credit...
by ensign_lee
Thu Mar 22, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Another reason to steer clear of Bitcoin. As if we need another reason...
Replies: 47
Views: 6926

Re: Another reason to steer clear of Bitcoin. As if we need another reason...

Just saw this article today about Bitcoin and thought I'd share it with everyone. Another good reason to stay away from Bitcoin: https://www.nytimes.com/2018/02/18/technology/virtual-currency-extortion.html The rich have always feared robbery and extortion. Now, big holders of Bitcoin and its breth...
by ensign_lee
Wed Dec 13, 2017 6:08 pm
Forum: Personal Consumer Issues
Topic: Who is Right Me or Spouse
Replies: 51
Views: 3734

Re: WHO IS RIGHT ME or SPOUSE

mak1277 wrote:
Wed Dec 13, 2017 4:37 pm
Same $100, just address the card to both of them.
This seems like the easiest and best answer?
by ensign_lee
Mon Dec 11, 2017 11:50 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24871

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

It seems that one of the big bitcoin exchanges also owns another cryptocurrency called "Tether". Some people think the exchange is driving the price of bitcoin higher by creating Tether out of thin air and using it to buy bitcoin. https://qz.com/1149772/the-murky-relationship-between-bitfinex-and-t...
by ensign_lee
Mon Dec 11, 2017 11:48 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24871

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Same answer as above. I am in it for a non-inflationary asset. How is 2% ANNUAL inflation worse than a currency that swings 50% in ONE DAY? We're still in price discovery mode. And I'm not doing it to protect against 2% inflation. I'm doing it to protect against inflation like happened in Venezuela...
by ensign_lee
Mon Dec 11, 2017 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Sell to lock in 0% cap gains?
Replies: 10
Views: 1594

Re: Sell to lock in 0% cap gains?

Seems like a great idea to me tbh.

Even if for some reason you wanted to stay in those stocks, there's no such thing as a wash sale GAIN.

Your only downside will be trading fees, but really, what's $10 or so in the grand scheme of your taxes?
by ensign_lee
Mon Dec 11, 2017 11:19 am
Forum: Investing - Theory, News & General
Topic: Cloud mining and holding bitcoin
Replies: 8
Views: 1364

Re: Cloud mining and holding bitcoin

Why on earth would anyone rent time on a processor for less money than they could get for mining? This is a really good point. If you're going to invest in bitcoin, just invest in the actual coin. And if you want to mine, get a miner and MINE. But don't pay someone ELSE to mine for you. They're jus...
by ensign_lee
Fri Dec 08, 2017 2:39 pm
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 191
Views: 21766

Re: Call the top! - Bitcoin

$27,001... Something people on this forum may find interesting about the younger generation I've observed first hand: Many of the 20 something's all in on Bitcoin are the same individuals that could change your life and financial situation a couple years back through Vemma. We can now all Google 'V...
by ensign_lee
Fri Dec 08, 2017 2:18 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24871

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Same answer as above. I am in it for a non-inflationary asset. How is 2% ANNUAL inflation worse than a currency that swings 50% in ONE DAY? We're still in price discovery mode. And I'm not doing it to protect against 2% inflation. I'm doing it to protect against inflation like happened in Venezuela...
by ensign_lee
Fri Dec 08, 2017 2:16 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24871

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

happyisland wrote:
Thu Dec 07, 2017 6:00 pm
ensign_lee wrote:
Thu Dec 07, 2017 5:19 pm
I am in it for a non-inflationary asset.
Why not TIPS?
Fair question.

Because I'm still getting paid on on that via dollars, an inflationary asset. I can't SPEND TIPS for things.
by ensign_lee
Thu Dec 07, 2017 5:19 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24871

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

And if I don't believe that the supply of cryptoUSD is fixed? Why am I in it? Why is it useful that the supply of bitcoin is fixed? Has that made it LESS volatile? It dropped 20% in one day. The fact that the U.S. government can print more dollars hasn't caused that many issues. 2%-3% annual inflat...
by ensign_lee
Wed Dec 06, 2017 2:51 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 214
Views: 29781

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

BogleMelon wrote:
Wed Dec 06, 2017 10:42 am
BogleMelon wrote:
Wed Dec 06, 2017 10:31 am

The problem with all the people who try to explain Bitcoins, is that they use analogy too much
ensign_lee wrote:
Wed Dec 06, 2017 10:36 am
For instance, let's say you're ...
Here we go! Another analogy :D :D
Just kidding :beer
lol cheers. :D

I was about to be like "THAT WASN'T AN ANALOGY!" :P
by ensign_lee
Wed Dec 06, 2017 11:15 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Bitcoin & It’s Risks
Replies: 57
Views: 6171

Re: Larry Swedroe: Bitcoin & It’s Risks

As someone who believes in bitcoin, I think that was a well written article.

Kudos to you, Larry. Better researched than most of the articles I've run across.
by ensign_lee
Wed Dec 06, 2017 10:36 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 214
Views: 29781

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

For anyone who is curious about what bitcoin is, I found this video by Andreas pretty easy to understand: https://www.youtube.com/watch?v=l1si5ZWLgy0&list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj The problem with all the people who try to explain Bitcoins, is that they use analogy too much: "Think of blo...
by ensign_lee
Wed Dec 06, 2017 10:29 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24871

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

I think there have been some people on the thread who have argued the merits of bitcoin. However, without going back to check, I reckon most claimed merits could apply to most cryptocurrencies anyone might decide to invent. All bitcoin has going for it is being first. That might count for a lot, if...
by ensign_lee
Wed Dec 06, 2017 10:22 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 214
Views: 29781

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

I, for one, don't disagree one bit! But is there any reason to think that Mr. Bogle's opinion will impact anyone's decisionmaking on this one way or the other? :D E.T.A.--I'm guessing that the Venn diagram of Bogle-believers/indexers and bitcoin aficionados probably has little overlap... Yay I'm sp...
by ensign_lee
Tue Dec 05, 2017 6:00 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24871

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

One thing I just cannot wrap my mind around is what the rough intrinsic value of a bitcoin should be. It is confusing that its price history is so incredibly volatile... One measure would be the cost of the electricity required to mine a bitcoin on current hardware. That is the cost but I don't thi...
by ensign_lee
Tue Dec 05, 2017 11:12 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24871

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

BTW, I have no idea whether bitcoin blockchain can scale or not. It's far too complex for a layman to fully understand. Even the experts can't agree. There's another faction that disagrees with the Core Developers and says that bitcoin has no problem scaling. They have hard forked another version c...
by ensign_lee
Tue Dec 05, 2017 11:02 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24871

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

All this to say that by the time it's the year 2140-ish (when the last of the 21M should be mined), fees should be sufficient to incentivize miners. Can somebody explain where 2140 guess is coming from? I understand 21M limit but what are the assumptions inherent in coming up with the end date? Are...
by ensign_lee
Sun Dec 03, 2017 5:54 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24871

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

So let's say you have a gain of 10 million in bitcoins. You decide to sell all of it. When you sell it will there be an ACH transfer to your checking or savings? Is it that simple? It's the selling part that gets you. You have to join a market place that you trust , put them in said market place's ...
by ensign_lee
Sun Dec 03, 2017 5:49 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24871

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

My (admittedly limited) understanding is that "miners" are paid bitcoins for recording transactions in the blockchain. Once all the bitcoins have been mined how are the people/nodes maintaining the blockchain going to make any money? I understand the inflationary aspect of increasing the number of ...
by ensign_lee
Sun Dec 03, 2017 9:50 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24871

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

My (admittedly limited) understanding is that "miners" are paid bitcoins for recording transactions in the blockchain. Once all the bitcoins have been mined how are the people/nodes maintaining the blockchain going to make any money? I understand the inflationary aspect of increasing the number of ...
by ensign_lee
Sun Dec 03, 2017 9:45 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24871

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

As far as the non-inflationary, I'm not sure what to tell you if you don't believe that there will only ever be 21M bitcoin. It is literally in the protocol. It's why I got involved with bitcoin in the first place. If anything it will be deflationary because lots of bitcoins have already been lost....
by ensign_lee
Sat Dec 02, 2017 1:37 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24871

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

So let's say you have a gain of 10 million in bitcoins. You decide to sell all of it. When you sell it will there be an ACH transfer to your checking or savings? Is it that simple? No. Depends who you sell it to and the terms of payment you agree with the buyer. Bitcoin is typically traded on an ex...
by ensign_lee
Sat Dec 02, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24871

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

I will repeat. You will not find a single person that owns bitcoin so that he uses it as a currency. I won't comment on the non-inflationary. Wow. Regarding your comment of not finding one single person to use it as a currency. You do now. I have. I've bought things off of newegg and overstock with...
by ensign_lee
Sat Dec 02, 2017 10:02 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24871

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

It's a not a ponzi. A ponzi would be a scheme where you keep putting in dollars and some central person keeps skimming off of the top, promising returns. Bitcoin is A) not centralized and B) is not sitting here promising returns. It's just sitting there, happening to appreciate in value because curr...
by ensign_lee
Mon Oct 16, 2017 10:20 pm
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 130
Views: 10297

Re: What are you driving? And would you buy your current ride again?

2008 Ford Mustang GT Convertible. I bought it in my early 20s. And I would do it again. In fact, my next car will probably be another GT convertible. The memories I've made in this thing driving across the country on America's scenic byways can't be replaced, and the build quality has far surpassed ...
by ensign_lee
Thu Apr 20, 2017 3:15 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 51025

Re: Larry Swedroe says "Goodby."

Aww, Larry. :(

You're one of the posters I instantly recognize and give credibility, so it's sad to see you leave. Thanks for everything.
by ensign_lee
Fri Apr 01, 2016 7:37 am
Forum: Personal Consumer Issues
Topic: do you do airbnb ??
Replies: 64
Views: 6725

Re: do you do airbnb ??

I've done it twice now and both experiences were AMAZING. I was traveling by myself and opted to rent a room in someone else's place, so the host was there too. Both times I became really good friends with my host, and they obviously know their own area well. They gave me my privacy when I wanted it...
by ensign_lee
Thu Mar 24, 2016 9:06 am
Forum: Personal Consumer Issues
Topic: $184,000? How do you like your cell phone now?
Replies: 59
Views: 7580

Re: $184,000? How do you like your cell phone now?

1) Those are very generous assumptions regarding growth and how much my plan is. I'm part of a family plan, have the newest Samsung S7 Edge, essentially have unlimited minutes, data, texts, and pay about $45 a month for my share of the family plan. 2) Even *with* those assumptions, yes it was worth ...
by ensign_lee
Thu Mar 24, 2016 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Financially, how have you done/doing vs. your parents?
Replies: 134
Views: 14935

Re: Financially, how have you done/doing vs. your parents?

I'm almost 30. I'm doing worse, despite doing well for myself vs most of my peers. I just now got into a six figure job (juuuust barely), so yay for that, and I'm certainly not struggling, but I hold no illusions that my dad was probably better off than me. That being said, he was a doctor, so he se...
by ensign_lee
Fri Jan 29, 2016 11:30 am
Forum: Personal Finance (Not Investing)
Topic: What age did you start maxing out your retirement contributions?
Replies: 65
Views: 7245

Re: What age did you start maxing out your retirement contributions?

23 when I got my first steady full time gig, getting paid $60k. This was back in 2010

Was tough with the $17,500 401(k) and the $5000 Roth IRA but I figured then was the best time to do it and prevent lifestyle inflation.
by ensign_lee
Sun Nov 30, 2014 12:27 am
Forum: Personal Consumer Issues
Topic: Odd Issue with a Best Buy Return
Replies: 60
Views: 8287

Re: Odd Issue with a Best Buy Return

I work for a large company, and this was provided by a vendor and shipped to my house. Its very unfortunate that I will have to track down this poor sap, explain what happened, make him spend his time to go out and purchase another unit, and then ship it to me again. Something that could have easil...
by ensign_lee
Wed Aug 06, 2014 10:01 pm
Forum: Personal Consumer Issues
Topic: average American eats out 203 times per year
Replies: 105
Views: 9932

Re: average American eats out 203 times per year

I'm 28, male, and single

I am WAAAAAY over 203 times per year. Definitely at least once per day, sometimes twice. My food budget is at like $800/month
by ensign_lee
Sat Jul 19, 2014 6:39 pm
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 112
Views: 10876

Re: If you own a car, do you have a car payment?

I may not have made the wisest decision of my life at the time buying a $32k 2008 Ford Mustang GT Convertible just out of college, but it's paid off now, and I love it. No plans to replace her anytime soon.

No payments since 2011. Woohoo.
by ensign_lee
Mon May 19, 2014 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Opened wrong type of IRA...
Replies: 25
Views: 2671

Re: Opened wrong type of IRA...

Again, the OP's marginal rate is unknown but may exceed 50% including state tax. We don't have enough information to know. At a high marginal rate a traditional IRA may be the best choice. He can do a Roth IRA when his income is higher and his marginal rate lower. If his marginal tax rate really is...
by ensign_lee
Mon May 19, 2014 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Opened wrong type of IRA...
Replies: 25
Views: 2671

Re: Opened wrong type of IRA...

To directly answer your question, yes, you can recharacterize your contribution with no problem. That being said, if you are graduating this year from college, you will likely only be working for ~ half the year, which means your taxable income in 2014 will be low. A Roth is probably your better bet...
by ensign_lee
Thu May 08, 2014 7:33 am
Forum: Investing - Theory, News & General
Topic: SEC Investing Alert: Bitcoin and Other Virtual Currency
Replies: 10
Views: 1651

Re: SEC Investing Alert: Bitcoin and Other Virtual Currency

I thought bit coin was done after they lost 400 million . Through a hack or something . I wouldn't trust it . You're confusing Mt. Gox, a company that operated with bitcoins, with Bitcoin itself. To draw an analogy, it would be like saying "Oh, I heard my local bank went insolvent. The USD must be ...
by ensign_lee
Fri May 02, 2014 7:49 am
Forum: Personal Consumer Issues
Topic: Aquarium Math Question
Replies: 12
Views: 1578

Re: Aquarium Math Question

To answer your question, contaminants 100% do NOT evaporate. The point of changing the water is not for the sake of having new water, but to remove nitrates (the broken down version of fish waste) from the existing tank water and replace with it with water that has less of those things. Source: Been...
by ensign_lee
Thu Apr 10, 2014 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Wait for better tenant application or approve the one I have
Replies: 27
Views: 2425

Re: Wait for better tenant application or approve the one I

I've been in that situation as a tenant. Landlord wanted a 2 year lease. We wanted a 1 year because we wanted to make sure that we liked the property, and you never know how long you'll be at a job, etc. We ended up staying 2 years, and would have stayed even more had the landlord not decided he wan...
by ensign_lee
Tue Mar 18, 2014 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Should I continue to do Roth 401k and Roth IRA?
Replies: 25
Views: 3047

Re: Should I continue to do Roth 401k and Roth IRA?

With the ~10% of CALI taxes thrown in there, I think it's a slam dunk decision to go traditional for the 401k. Heck, you can really even make the argument that you should do a traditional IRA as well. I do a traditional 401k in the 25% tax bracket here in Texas with a Roth IRA, with 0% state income ...
by ensign_lee
Wed Mar 05, 2014 7:38 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin price plunges
Replies: 246
Views: 26216

Re: Bitcoin price plunges

Another Bitcoin exchange folded. http://news.yahoo.com/bitcoin-bank-flexcoin-shuts-down-theft-231351523--sector.html Impossible. The potential problems with bitcoin are completely isolated to the mistakes made by one group of people at Mt Gox. No other problems are possible. Your sarcasm is unwarra...
by ensign_lee
Fri Nov 22, 2013 12:58 pm
Forum: Personal Consumer Issues
Topic: Windows 7 stability and usability ...
Replies: 40
Views: 3676

Re: Windows 7 stability and usability ...

I love Windows 7. It is by far the best OS I have ever used (and yes, I've used Apple products before).

It is amazingly stable and the UI friendly features are a big plus. I would definitely recommend Windows 7.
by ensign_lee
Fri Nov 15, 2013 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Bitcoins as investment
Replies: 210
Views: 19838

Re: Bitcoins as investment

Of course, there is nothing to prevent bitcoin "lookalikes" from coming online and being accepted. In fact, some do exist already. And, while a skyrocketing currency is fun for those that own some, such a currency is hardly likely to become a medium for debt; noone wants to issue debt that's denomi...
by ensign_lee
Tue Sep 24, 2013 10:08 pm
Forum: Personal Consumer Issues
Topic: If you had a few weeks of downtime, what would you do?
Replies: 39
Views: 2597

Re: If you had a few weeks of downtime, what would you do?

Road trip across the US! Now is a great time to do it too as you can see the leaves change colors. I would 100% do this given the chance.
by ensign_lee
Mon Jul 15, 2013 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: how bad would it hurt to spend an extra 10k on a car (24 yo)
Replies: 93
Views: 7682

Re: how bad would it hurt to spend an extra 10k on a car (24

I got to take my mustang on two cross country trips, and those have been two of the better experiences in my life. It does sound like you really enjoy your car, but I drove across the country at least 10 times in my $7,000 Hyundai Excel back when I was in my mid-20s, and those were some of my best ...