Search found 31918 matches

by Valuethinker
Wed Aug 23, 2017 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: 1M USD net worth, 60K USD annual expenses [UK]
Replies: 19
Views: 2771

Re: 1M USD net worth, 60K USD annual expenses [UK]

Thank you Ted Swippett and Valuethinker for such remarkably knowledgeable and detailed advice. Our situation is clearly complex from a tax perspective and there appears to be consensus we should seek professional advice. I confess I've never been able to find someone who is qualified to advise on U...
by Valuethinker
Wed Aug 23, 2017 11:58 am
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 70
Views: 5579

Re: Japanese Bubble Burst 1989

Don't know if that was ever literally true, and the way I remember it was that ALL of Japan, about the size of California had the real estate value of all of the US. It was kind of true and kind of rational. California and Japan are about the same size. A good chunk of that land is mountainous, so ...
by Valuethinker
Wed Aug 23, 2017 11:55 am
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 70
Views: 5579

Re: Japanese Bubble Burst 1989

Ethnically, the most logical source of immigration would be from Korea, as my foggy memory recalls that Japanese are largely ethnically Korean. This is a bit of a touchy subject. There are still a lot of bad feelings from WWII. There are Koreans who have lived in Japan for decades, are highly integ...
by Valuethinker
Wed Aug 23, 2017 11:29 am
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 70
Views: 5579

Re: Japanese Bubble Burst 1989

I will say that Japan is not a very diverse society. If you are an outsider, it is obvious, you just stick out like a sore thumb. Fortunately, they are good to visitors and tolerant of cultural blunders that visitors make. Immigration would be difficult, particularly in light of the hard feelings g...
by Valuethinker
Wed Aug 23, 2017 11:03 am
Forum: Investing - Theory, News & General
Topic: Unrated municipal bonds
Replies: 22
Views: 1622

Re: Unrated municipal bonds

From a US tax point of view, junk bonds are pretty bad as I understand it. Yes. Capital gains are taxed at a much lower rate than income. So converting principal into income is very expensive in the USA. Junk bonds structurally do this. This of course doesn't apply to tax advantaged accounts where ...
by Valuethinker
Wed Aug 23, 2017 10:40 am
Forum: Investing - Theory, News & General
Topic: Great Depression Videos on You Tube
Replies: 23
Views: 2130

Re: Great Depression Videos on You Tube

Does anyone know where to find stats for the 1929 thru 1932 period? (October 1929 thru Dec 1932, or if too hard to find, Jan 1929 thru Dec 1932) Things such as Total Return (or Total Loss) for the 3 or 4 year period for: SP 500 L/T Govt Bonds T Bills Inflation Real Estate . The Depression continued...
by Valuethinker
Wed Aug 23, 2017 8:10 am
Forum: Investing - Theory, News & General
Topic: Unrated municipal bonds
Replies: 22
Views: 1622

Re: Unrated municipal bonds

Moreover I've been frustrated several times that mutual funds "close to new investors" when they drop 20%+ during times of market turbulence. I don't remember many examples of mutual funds closing to new investors when they fall; typically, when a fund falls, it has more withdrawals than deposits, ...
by Valuethinker
Wed Aug 23, 2017 8:08 am
Forum: Investing - Theory, News & General
Topic: Unrated municipal bonds
Replies: 22
Views: 1622

Re: Unrated municipal bonds

Generally closed end bond funds are interesting investments when there is a panic on. One does have to wait, patiently, for the panic. I made big investments into the stock market on 26th August, 2008 -- so it appears from rereading my transactions history ;-). Beware, therefore, catching the fallin...
by Valuethinker
Wed Aug 23, 2017 8:07 am
Forum: Investing - Theory, News & General
Topic: Unrated municipal bonds
Replies: 22
Views: 1622

Re: Unrated municipal bonds

David Swensen has argued against junk and corporates for the individual investor. Been too long since I've read Unconventional Success and I don't recall his reasons. The argument against corporate bonds is asymmetric information-- the management issue bonds when their equity is undervalued and/or ...
by Valuethinker
Wed Aug 23, 2017 7:57 am
Forum: Investing - Theory, News & General
Topic: Tilt away from one's home country slightly
Replies: 7
Views: 414

Re: Tilt away from one's home country slightly

So correct me if I am wrong, do you agree with the benefit of tilting away, but the magnitude of the benefit will depend on the degree of the correlation to the world markets or how secure the economy of your home country is? (My home country is USA, but I'm considering a pretty general argument at...
by Valuethinker
Wed Aug 23, 2017 7:50 am
Forum: Personal Consumer Issues
Topic: Tesla 3 Safety vs _______
Replies: 6
Views: 671

Re: Tesla 3 Safety vs _______

I'm considering reserving a Tesla 3. How safe is the car, especially compared to other safe cars like a Volvo XC90 or XC60 or Subaru Outback with eyesight. I would think the Tesla has better accident avoidance safety tech, and not having an engine block helps increase crumple zone size, but what ab...
by Valuethinker
Wed Aug 23, 2017 7:48 am
Forum: Investing - Theory, News & General
Topic: Tilt away from one's home country slightly
Replies: 7
Views: 414

Re: Tilt away from one's home country slightly

Hi All, I have a question that will likely get me labeled as a heretic by some. Alas. I was thinking of the logic presented for *not* owning the company stock that you work for. The logic goes, you already have a large amount of your net worth tied up into the companies future, so you should sell t...
by Valuethinker
Wed Aug 23, 2017 6:49 am
Forum: Investing - Help with Personal Investments
Topic: PONDX asset allocation a negative % for cash?
Replies: 8
Views: 918

Re: PONDX asset allocation a negative % for cash?

Would someone explain to this simpleton why PONDX (Pimco Income Fund Class D) shows the following under Google Finance summary? ASSET ALLOCATION Cash -52.64% <----- Stocks 0.01% Bonds 151.46% Preferred 0.15% Convertible 0.02% Other 0.0% Does this (the -52.64% listed as Cash) mean they borrowed mone...
by Valuethinker
Wed Aug 23, 2017 6:25 am
Forum: Personal Consumer Issues
Topic: PE Continuing Education
Replies: 5
Views: 437

Re: PE Continuing Education

In the past I have fulfilled my engineering license requirements for continuing education by attending conferences or local classes. This year I have not had the time or opportunity to do so. My license renewal is coming up in 90 day and I will need 30 hours of continuing education credits I’m look...
by Valuethinker
Wed Aug 23, 2017 6:24 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 114
Views: 7578

Re: What is Bitcoin?

How do we know which of the cryptocurrencies will be dominant in the future? Wish there was an etf index fund encompassing cryptocurrencies by capitalization. How about GBTC? AFAIK US SEC has yet to approve an ETF? So it's a different legal form? The existing funds were/ are trading at a huge premi...
by Valuethinker
Wed Aug 23, 2017 6:22 am
Forum: Investing - Theory, News & General
Topic: Total World (VT, VTWSX) Tilt? Simplicity...
Replies: 26
Views: 2287

Re: Total World (VT, VTWSX) Tilt? Simplicity...

I've read many/most of the posts on this forum regarding the issues I'll bring up. Mainly I'm looking for clarification on if my understanding of certain things are correct. When I first started out, I was overambitious and dove into many funds. Since then, I've only simplified things. Currently I ...
by Valuethinker
Wed Aug 23, 2017 5:19 am
Forum: Personal Finance (Not Investing)
Topic: Overextended in Bay Area housing?
Replies: 37
Views: 3388

Re: Overextended in Bay Area housing?

My husband and I recently bought our first house in Concord, California. Still the Bay Area but technically a bit further out and cheaper. We purchased our dream home for about 800k. It's amazing and exactly what we wanted to raise our newborn son. With new childcare, housecare, and other expenses,...
by Valuethinker
Wed Aug 23, 2017 5:14 am
Forum: Investing - Theory, News & General
Topic: Vanguard marked down their Uber investment. Which fund holds it?
Replies: 3
Views: 790

Re: Vanguard marked down their Uber investment. Which fund holds it?

I saw this story in the WSJ about mark-downs on Uber investments . I never knew that Vanguard had invested in Uber. Does anyone know if any of its funds include Uber, or is this solely an investment by Vanguard Group itself? A cursory search on my phone didn't turn up anything, then I realized that...
by Valuethinker
Wed Aug 23, 2017 5:10 am
Forum: Investing - Theory, News & General
Topic: Great Depression Videos on You Tube
Replies: 23
Views: 2130

Re: Great Depression Videos on You Tube

Very interesting videos. Does anyone know where to find stats for the 1929 thru 1932 period? (October 1929 thru Dec 1932, or if too hard to find, Jan 1929 thru Dec 1932) Things such as Total Return (or Total Loss) for the 3 or 4 year period for: SP 500 L/T Govt Bonds T Bills Inflation Real Estate ....
by Valuethinker
Wed Aug 23, 2017 5:00 am
Forum: Investing - Help with Personal Investments
Topic: 1M USD net worth, 60K USD annual expenses [UK]
Replies: 19
Views: 2771

Re: 1M USD net worth, 60K USD annual expenses [UK]

OP here. Mea culpa for mis-communicating our tax residence. My wife is resident in an EU country (not the UK) where she does not pay local taxes because she works for an international organization and has diplomatic status. I am tax resident in the UK where I work but commute to the UK from my wife...
by Valuethinker
Tue Aug 22, 2017 4:44 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 114
Views: 7578

Re: What is Bitcoin?

The first day I am out $1,800 for the hardware plus $6.51 for electricity. I collected 0.00128829 BTC which is $5.20 After a month, spent $195.50 on electricity and collected 0.03864870 BTC, which is $155.97 This is still losing money because the difficulty is so high, and the electricity cost here...
by Valuethinker
Tue Aug 22, 2017 4:32 pm
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 70
Views: 5579

Re: Japanese Bubble Burst 1989

One final comment about Japan's shrinking work force and the challenges it places on future economic growth. Unemployment in Japan is essentially nonexistent, currently 2.8%. There are two potential solutions to this which they could use. One is to increase work force participation by women, which ...
by Valuethinker
Tue Aug 22, 2017 10:12 am
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 70
Views: 5579

Re: Japanese Bubble Burst 1989

And yet, despite the 28 year steady and dramatic decline, if you look at economic indicators, health care, longevity, unemployment, etc., Japan is still doing quite well by pretty much all parameters. I find that interesting. Maybe not as well as in 1989, but they are still quite prosperous. The 19...
by Valuethinker
Tue Aug 22, 2017 9:58 am
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 70
Views: 5579

Re: Japanese Bubble Burst 1989

alex_686 wrote: This lead to social stability. It also poured resources into dead end industries. Japan's youth faces a hard landscape. They are more likely to have a temporary contract job instead of those lifetime jobs. So their skills tend to be less developed. With lower earning power they are ...
by Valuethinker
Tue Aug 22, 2017 9:55 am
Forum: Investing - Help with Personal Investments
Topic: 1M USD net worth, 60K USD annual expenses [UK]
Replies: 19
Views: 2771

Re: 1M USD net worth, 60K USD annual expenses [UK]

US citizens cannot contribute to an IRA unless they have income subject to US taxation for that year. Does your wife file US taxes? Valuethinker, can you elaborate on why, from a tax perspective, it would be a bad idea to gift the 250K USD to my wife as a US citizen? The gift is exempt from US fede...
by Valuethinker
Tue Aug 22, 2017 9:49 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 114
Views: 7578

Re: What is Bitcoin?

I think there are ways to get around the miner fees, just start mining yourself. This is a cut/paste of a device to start your own mining: Eve - Best Selling Mining Device - 60 mh/s Availability: Many in stock Eve - Best Selling Mining Device - 60 mh/s Eve- Power Efficient Device $3,500.00 -$5,000....
by Valuethinker
Mon Aug 21, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: 1M USD net worth, 60K USD annual expenses [UK]
Replies: 19
Views: 2771

Re: 1M USD net worth, 60K USD annual expenses [UK]

This conversation convinces me Original Poster needs professional advice 're tax before any major investment policy decisions can be addressed. Op is not liable to UK tax afaik except there are new rules 're the flats and that must be addressed if it turns out to be an issue. However the tax implica...
by Valuethinker
Mon Aug 21, 2017 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: 1M USD net worth, 60K USD annual expenses [UK]
Replies: 19
Views: 2771

Re: 1M USD net worth, 60K USD annual expenses [UK]

Thank you all for such constructive and considered advice. I was unaware of the UK residence limitations on contributing to and drawing down on the ISA. This is valuable information for planning. Valuethinker, can you elaborate on why, from a tax perspective, it would be a bad idea to gift the 250K...
by Valuethinker
Mon Aug 21, 2017 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Good time to invest in gold?
Replies: 18
Views: 1529

Re: Good time to invest in gold?

One day, he generously gave me several gold coins. I live in another state. Turns out you can't just cash out your gold around here -- everything within a 30 mile radius only offered ridiculous prices so I had to take a day off of work to sleuth out someone in suburban Virginia. I've been told you ...
by Valuethinker
Mon Aug 21, 2017 5:13 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 114
Views: 7578

Re: What is Bitcoin?

What is the intrinsic value of gold? Isn't it just a shiny metal? I think the characteristics of gold give it some kind intrinsic value. Even if there was no economy, no civilization, no trade no money. If I was paleolithic hunter/gatherer and saw a gold nugget lying on the ground, I'm sure that I ...
by Valuethinker
Mon Aug 21, 2017 11:28 am
Forum: Investing - Help with Personal Investments
Topic: 1M USD net worth, 60K USD annual expenses [UK]
Replies: 19
Views: 2771

Re: 1M USD net worth, 60K USD annual expenses [UK]

Dear all, I am very much a dilettante in terms of my understanding of personal finance. May I ask for some financial planning advice? I am a tax resident UK citizen with a salaried job earning about 60K GBP/year and my wife is a US citizen working for an international organization for approximately...
by Valuethinker
Mon Aug 21, 2017 11:05 am
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 70
Views: 5579

Re: Japanese Bubble Burst 1989

And yet, despite the 28 year steady and dramatic decline, if you look at economic indicators, health care, longevity, unemployment, etc., Japan is still doing quite well by pretty much all parameters. I find that interesting. Maybe not as well as in 1989, but they are still quite prosperous. The 19...
by Valuethinker
Mon Aug 21, 2017 11:00 am
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 70
Views: 5579

Re: Japanese Bubble Burst 1989

Using http://www.moneychimp.com/features/market_cagr.htm I got these figures: Jan 1, 1901 to Dec 31, 1915 1 dollar grew to 1.99 adjusted for inflation Jan 1, 1929 to Dec 31, 1943 1 dollar grew to 1.10 adjusted for inflation Jan 1, 1966 to Dec 31, 1980 1 dollar shrunk to 0.97 adjusted for inflation ...
by Valuethinker
Mon Aug 21, 2017 10:50 am
Forum: Personal Consumer Issues
Topic: Soliciting personal recommendations for a Barcelona trip
Replies: 31
Views: 2608

Re: Soliciting personal recommendations for a Barcelona trip

Regarding pickpockets, Rome is another hotspot for theft as I already found out on a previous trip. Given that the terrorists primary target was Sagrada Familia with three van-bombs, it doesn't instill a desire to keep returning to Europe until they eradicate this menace or get it under control. 1....
by Valuethinker
Mon Aug 21, 2017 10:39 am
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 70
Views: 5579

Re: Japanese Bubble Burst 1989

The lesson there is that if you are close to retirement you need to have a decent chunk of bonds to survive a long bear market. If that is half of the lesson then the other is that one cannot afford to hold equities from a single country. (adopts Brooklyn accent): "and you tell this to me , who has...
by Valuethinker
Sun Aug 20, 2017 4:37 pm
Forum: Investing - Theory, News & General
Topic: IBonds: My worst bond investment over the last 5 years
Replies: 74
Views: 6836

Re: IBonds: My worst bond investment over the last 5 years

I am very glad that I purchased a bunch of I-Bonds. Though their return was lower than Investment Grade Intermediate Term Bonds, they outperformed bank deposits. The interest on my bank savings accounts was so small that it took a microscope to see it. Ibonds, to the extent that as a non-USian I un...
by Valuethinker
Sun Aug 20, 2017 4:32 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 114
Views: 7578

Re: What is Bitcoin?

Is TLH feasible with bitcoin? Thanks. Yes, you can TLH Bitcoin. And for everyone saying that they don't hold Bitcoin because it produces nothing of value, that seems to me like not holding transportation companies because the don't make things, or Western Union because wire transfers make no sense ...
by Valuethinker
Sun Aug 20, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 45
Views: 9209

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

The suggestion above is very important under the circumstances. If you don't already, you need to have a full estate plan in place for yourself (and your husband, though that is more straightforward). This plan may need to include more life insurance on your own life so that your children will be p...
by Valuethinker
Sun Aug 20, 2017 11:40 am
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 70
Views: 5579

Re: Japanese Bubble Burst 1989

I do remember this pretty well. I have opined that China and not necessarily the USA will be the next Japan. The parallels between China, let's say 2008, and Japan 1989 are eerily similar. Export driven economies, growth as far as the eye could see, declining demographics, overinvestment, real esta...
by Valuethinker
Sun Aug 20, 2017 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 45
Views: 9209

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

My husband was recently diagnosed with a rare form of cancer at the age of 38 and is now unable to work. It came as a complete shock (he has always been very fit and healthy). The type of cancer is rare and the prognosis is typically very poor but patients have a large range of outcomes including s...
by Valuethinker
Sun Aug 20, 2017 10:03 am
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 70
Views: 5579

Re: Japanese Bubble Burst 1989

We can't control markets. All we can do is see what they have given us, see where we are compared to our own financial goals, look at future expected returns, and adjust our asset allocations as best we can. Somebody in 1989 Japan may have been much much closer to his financial goals than he dreame...
by Valuethinker
Sun Aug 20, 2017 9:58 am
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 70
Views: 5579

Re: Japanese Bubble Burst 1989

I no longer have my copy of The Intelligent Investor so these numbers will be slightly off. The Dow Jones peaked in September 1929 at around 380. Twenty years later the Dow when Ben Graham wrote the book, the Dow was at 180. Graham pointed out that an equal monthly investment into the Dow stocks (w...
by Valuethinker
Sun Aug 20, 2017 9:53 am
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 70
Views: 5579

Re: Japanese Bubble Burst 1989

What was actually happening in 1989 which made the world see Japan as such an amazing investment? I remember that time pretty well. At our company the Japanese "Continuous Improvement" model was something we were being trained to emulate. Michael Crichton's "The Rising Sun" echoed the widely viewed...
by Valuethinker
Sun Aug 20, 2017 9:49 am
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 70
Views: 5579

Re: Japanese Bubble Burst 1989

What was actually happening in 1989 which made the world see Japan as such an amazing investment? Between about 1976 and 1990, Japanese companies had very strong, sustained growth in earnings-per-share (in green below), were the darlings of the world, and saw their share prices bid up to unrealisti...
by Valuethinker
Sun Aug 20, 2017 9:34 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 114
Views: 7578

Re: What is Bitcoin?

Is TLH feasible with bitcoin? Thanks. Yes, you can TLH Bitcoin. And for everyone saying that they don't hold Bitcoin because it produces nothing of value, that seems to me like not holding transportation companies because the don't make things, or Western Union because wire transfers make no sense ...
by Valuethinker
Sat Aug 19, 2017 5:07 pm
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 70
Views: 5579

Re: Japanese Bubble Burst 1989

Japanese stocks reached all time peak on December 29, 1989. The Nikkei 225 average closed at 38,915.87, having grown sixfold during the decade. Subsequently, it lost nearly all these gains, closing at 7,054.98 on March 10, 2009—81.9% below its peak twenty years earlier. Yesterday, on August 18, 201...
by Valuethinker
Sat Aug 19, 2017 5:02 pm
Forum: Investing - Theory, News & General
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 79
Views: 8305

Re: Study: The Rate of Return on Everything, 1870-2015

To be honest,what happened 100 years ago or even 50 years ago financially is not all that meaningful to the world we live in now,especially as any predictive tool. And there is a very good chance that the world of 2067 will not be a whole lot like 2017. And we have no clue today as to how it will b...
by Valuethinker
Sat Aug 19, 2017 4:51 pm
Forum: Investing - Theory, News & General
Topic: 1000+ Crypocurrencies and growing
Replies: 3
Views: 621

Re: 1000+ Crypocurrencies and growing

My understanding is existing collective vehicles are trading at 2x value of underlying assets.

Until that's been worked out I would recommend direct investment into the underlying currencies.
by Valuethinker
Sat Aug 19, 2017 9:54 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 114
Views: 7578

Re: What is Bitcoin?

I misspoke in an earlier post. I should have inquired on how Bitcoin is a Greater Fool scheme, not a Ponzi scheme. The two are different... There is value in the technology, potentially. And maybe there is value in what Bitcoin itself does in terms of lowering transactions costs. That seems to be t...
by Valuethinker
Sat Aug 19, 2017 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 121
Views: 7388

Re: Gauss44

looking wrote:
Sat Aug 19, 2017 7:43 am
Gauss44

show me step by step how to buy and sell the bitcoins i want to buy Bitcoin now and im new
This is most assuredly not the place to get that kind of knowledge. There are any number of online guides-- google it?