Search found 153 matches

by fatlever
Wed Nov 11, 2020 10:05 am
Forum: Investing - Theory, News & General
Topic: Bitcoin: What is it, in Plain English
Replies: 221
Views: 29646

Re: Bitcoin: What is it, in Plain English

Adding this for the sake of posterity. 2020 is the year companies including a fintech giant, the first nation state, the 2nd largest bank in the world and hedge fund billionaires were investing and/or using the tulip craze called Bitcoin. Cash is trash, Microstrategy puts its $425 Million in cash re...
by fatlever
Mon Aug 31, 2020 10:59 am
Forum: Investing - Theory, News & General
Topic: Vanguard seems to have web online sign on problem
Replies: 145
Views: 6742

Re: Vanguard seems to have web online sign on problem

No issues for me with Fidelity, Schwab or Merrill Lynch. Can't even log in with Vanguard. Every time Vanguard has a problem which is often, we have people saying it's an issue with all brokerages and it's never the case for me. I am beginning to think people just make excuses for Vanguard saying tha...
by fatlever
Tue Aug 18, 2020 1:40 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin: What is it, in Plain English
Replies: 221
Views: 29646

Re: Bitcoin: What is it, in Plain English

You would think that a 9 year old thread and 1200x ROI would be enough evidence to make one alter their thesis on bitcoin :?: Have you read any of the Tesla threads here?! :mrgreen: Coincidence that the most famous Tesla bull Cathie Wood for ARK Invest calls Bitcoin "the most compelling asset ...
by fatlever
Mon Aug 17, 2020 1:25 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin: What is it, in Plain English
Replies: 221
Views: 29646

Re: Bitcoin: What is it, in Plain English

Holy thread-bump Batman! :twisted: That's funny. That said, I can absolutely guarantee you that I will never own a single Bitcoin in my life. 8-) This thread has kept been bumped up regularly from 2011 when Bitcoin was $8 and repeatedly has been called tulips and beanie babies throughout the years ...
by fatlever
Mon Aug 17, 2020 1:03 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin: What is it, in Plain English
Replies: 221
Views: 29646

Re: Bitcoin: What is it, in Plain English

Apparently, at least one poster knows the future. I'm truly interested in hearing more about this! :P As I said... This thread as created when Bitcoin was $8. From $8 to $20,000, Bitcoin has been a tulip fever for most Bogleheads........I think most Bogleheads will continue to deride it but it'll b...
by fatlever
Wed Aug 05, 2020 11:10 am
Forum: Investing - Theory, News & General
Topic: How do the tech giants exceed expectations so consistently?
Replies: 25
Views: 2107

Re: How do the tech giants exceed expectations so consistently?

Working in technology, I thought it was better to have a portfolio that was tech sector heavy when I found this forum back in 2011. I am very thankful for everything I learned here because I was absolutely new to investing but one of the worst pieces of advice that was always reiterated here was don...
by fatlever
Mon Jun 22, 2020 2:44 pm
Forum: Investing - Theory, News & General
Topic: GMO: EM Value returns will exceed US large cap, 15% for 7 consecutive years
Replies: 20
Views: 1684

Re: GMO: EM Value returns will exceed US large cap, 15% for 7 consecutive years

GMO https://www.gmo.com/americas/research-library/gmo-7-year-asset-class-forecast-1q-2020/ Hasn't this clown been calling this for 10 years now? https://www.bogleheads.org/forum/viewtopic.php?t=103945#p1509419 Grantham/GMO is again calling for EM to outperform ex-US developed, and both to outperfor...
by fatlever
Tue May 26, 2020 3:38 pm
Forum: Personal Consumer Issues
Topic: does anyone have a subscription to youtube tv?
Replies: 118
Views: 7865

Re: does anyone have a subscription to youtube tv?

I replaced cableTV with Sling a few years back. Then replaced Sling with YouTubeTV over a year ago and it's been an improvement with a better interface, options for saving shows, multiple accounts and a better selection for my tastes vs Sling Orange or Blue including the big networks, sports, and lo...
by fatlever
Sun May 03, 2020 2:58 am
Forum: Investing - Theory, News & General
Topic: When to sell low? Buffett sells entire airline stake
Replies: 81
Views: 11917

Re: When to sell low? Buffett sells entire airline stake

It seems he got greedy buying more of Delta on March 3 for $46 https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-buy-delta-stock-coronavirus-hits-2020-3-1028959672 Warren Buffett famously advises investors to "be fearful when others are greedy, and be greedy when...
by fatlever
Mon Apr 06, 2020 3:37 pm
Forum: Personal Investments
Topic: What Individual stocks are you buying?
Replies: 147
Views: 12463

Re: What Individual stocks are you buying?

Mostly AMZN and MSFT with a sprinkle of GOOGL. Only want to invest in my sphere of knowledge where I am confident.
by fatlever
Mon Apr 06, 2020 7:33 am
Forum: Investing - Theory, News & General
Topic: Where's Warren Buffett During This Crisis?
Replies: 181
Views: 26235

Re: Where's Warren Buffett During This Crisis?

He is dumping airline stock, which will.need to be nationalized or go bankrupt. World travel and air travel will be very low for > 2 years until majority of world is vaccinated. He bought the dip snapping up Delta on March 3 for $46 https://markets.businessinsider.com/news/stocks/warren-buffett-ber...
by fatlever
Fri Mar 27, 2020 6:30 am
Forum: Personal Investments
Topic: Effect of COVID19 on Real Estate
Replies: 42
Views: 6319

Re: Effect of COVID19 on Real Estate

Sounds like the landlord should have been a better landlord... Good landlords (you know, like the ones that are reasonable and have reasonable tenants) don't end up in situations like this. Well when people lose their jobs, struggle and are uncertain about the future, reasonable tenants priorities ...
by fatlever
Thu Mar 26, 2020 7:03 am
Forum: Personal Investments
Topic: Effect of COVID19 on Real Estate
Replies: 42
Views: 6319

Re: Effect of COVID19 on Real Estate

I realize this is extreme but I am so glad I didn't dip my toes into this.

https://np.reddit.com/r/realestateinves ... re_saying/
PLEASE HELP. My tenants organized and are saying they won't pay rent this month. ALL OF THEM. What can I do?
by fatlever
Tue Mar 24, 2020 9:06 am
Forum: Investing - Theory, News & General
Topic: Mohamed El-Erian interview by Jeff Ptak of Morningstar
Replies: 21
Views: 3527

Re: Mohamed El-Erian interview by Jeff Ptak of Morningstar

I keep playing back his "Don’t buy the dip during the coronavirus sell-off" warning in my head from the beginning of February which I ignored and kept pumping in money maxing IRA and trying to max out 401K at the beginning of the year like I always do, staying the course and ignoring "...
by fatlever
Wed Mar 18, 2020 1:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20716
Views: 2831234

Re: U.S. stocks in free fall

I guess this is when you get absolutely **** for being a boglehead and staying the course. My Bitcoin is up significantly against the S&P 500 since 2017 and still up big but only like 5% of portfolio :oops:
by fatlever
Sun Mar 15, 2020 7:38 am
Forum: Investing - Theory, News & General
Topic: So yesterday I leveraged up
Replies: 75
Views: 8183

Re: So yesterday I leveraged up

Ari, Sort of crazy place to post this. Good luck Jack said 100% leveraged is the best long term strategy: "Somebody is going to be 100% in equities which by definition is the best long term strategy. Ah and yet you may not be able to handle the bumps. Well let me correct myself, no 100% is not...
by fatlever
Sat Mar 14, 2020 9:08 am
Forum: Personal Investments
Topic: Pay more on mortgage
Replies: 26
Views: 1491

Re: Pay more on mortgage

I have my mortgage paid off. I was regretting it last year with all the posts of keeping good debt and putting that money into a market that only goes up. Feeling much better about that choice now which allows me to put extra money into the market, savings and probably has reduced the stress I would...
by fatlever
Mon Feb 24, 2020 4:33 pm
Forum: Personal Consumer Issues
Topic: Credit Card cancelled for non-use?
Replies: 25
Views: 3020

Re: Credit Card cancelled for non-use?

i try to use my cards twice a year just because of this. I've had 3 credit cards cancelled over the past few years though. I used them to build credit for mortgage but once I paid off the house, it's hard to find motivation to pull them out to use a couple times a year.
by fatlever
Mon Feb 17, 2020 11:07 am
Forum: Investing - Theory, News & General
Topic: We are in the 'ludicrous season'
Replies: 51
Views: 5906

Re: We are in the 'ludicrous season'

If everything is in a bubble, maybe there isn't a bubble, just abnormally low interest rates. Early last year Warren Buffet said stocks are ridiculously cheap if something that he considers impossible can continue: an environment where we have very low interest rate, keep printing money and have lo...
by fatlever
Tue Oct 22, 2019 12:45 pm
Forum: Personal Consumer Issues
Topic: Time for a new car - Corolla or Civic...
Replies: 106
Views: 12430

Re: Time for a new car - Corolla or Civic...

This is an interesting thread. My grilfriend recently got a Honda because it was the nicer looking car but from everything I've read it appears Honda has slipped badly in terms of quality and reliability. https://www.designnews.com/electronics-test/toyota-continues-reliability-dominance-honda-declin...
by fatlever
Sat May 11, 2019 10:13 am
Forum: Investing - Theory, News & General
Topic: Bitcoin: What is it, in Plain English
Replies: 221
Views: 29646

Re: Re:

It looks like the exchange rate is around 8 USD. Mt. Gox (USD/dwolla/SEPA) So down around 50% since the thread was started. This thread as created when Bitcoin was $8. From $8 to $20,000, Bitcoin has been a tulip fever for most Bogleheads. I ignored this for many years due to the Boglehead wisdom h...
by fatlever
Wed Nov 28, 2018 11:40 pm
Forum: Personal Consumer Issues
Topic: How do you spend/kill time online?
Replies: 21
Views: 2874

Re: How do you spend/kill time online?

"How you you kill your time" is a really bad metaphor question. It pretty much is asking how you waste your life since time is the most precious thing we have in this life. Of course I am guilty of it. I've been trying to pick learn things when online rather than mindless browsing. Even th...
by fatlever
Thu Jun 14, 2018 5:20 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin Price Manipulation
Replies: 45
Views: 6171

Re: Bitcoin Price Manipulation

I agree with this take. I will say, though, that of these two explanations— 1. Bitcoin’s rapid and sustained rise is due to the fact that it satisfies a real economic need in an elegant way, and people have responded to that; or 2. Bitcoin’s rapid and sustained rise is due to a magical fountain of ...
by fatlever
Sun Apr 29, 2018 8:55 am
Forum: Investing - Theory, News & General
Topic: Banking IT Infrastructure Meltdown - So have you diversified your Custodians and Banks?
Replies: 14
Views: 2570

Re: Banking IT Infrastructure Meltdown - So have you diversified your Custodians and Banks?

This thread is starting to sound like doomsday preparations. Didn't mean it as such. However unlikely you might think the scenario is, what happened to the UK Bank shows that it is a possibility. I've felt this way working in big banks and financial institutions and that only confirmed my fear. Div...
by fatlever
Sat Apr 28, 2018 11:03 am
Forum: Investing - Theory, News & General
Topic: Banking IT Infrastructure Meltdown - So have you diversified your Custodians and Banks?
Replies: 14
Views: 2570

Banking IT Infrastructure Meltdown - So have you diversified your Custodians and Banks?

Accounts locked out and vanishing, users with access to other users accounts, no records of transactions. Banking IT infrastructure in a complete meltdown. This is not Mr. Robot, this is real life: http://www.bbc.com/news/business-43923561 https://www.theguardian.com/business/2018/apr/28/warning-sig...
by fatlever
Thu Apr 26, 2018 9:18 am
Forum: Personal Consumer Issues
Topic: Is my computer obsolete?
Replies: 60
Views: 6740

Re: Is my computer obsolete?

Your computer is not obsolete. Your OS is not even obsolete.

I find most people upgrade their computers, phones and tablets at least 5 years too early.
by fatlever
Wed Apr 04, 2018 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Career Move: Please convince me why I should not work in tech
Replies: 74
Views: 9902

Re: Career Move: Please convince me why I should not work in tech

Working at several mega corps, my experience is that age is a non-issue if you have skills and expertise in data science, big data, data analytics, quant space, statistics, number crunching, etc combined with technology. Age becomes a problem when older workers get lazy and comfortable just collecti...
by fatlever
Tue Apr 03, 2018 9:52 am
Forum: Investing - Theory, News & General
Topic: Buy
Replies: 199
Views: 36094

Re: Buying and Spending Bitcoin

The Bitcoin Lightning Network is now live beta. I configured a node and connected to a channel this morning. I bought a sticker during lunch and the payment took about a second to process :D Yes I know it's a sticker, there is no slick UI but gotta start somewhere. So, can you , having adopted Ligh...
by fatlever
Wed Mar 21, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: Buy
Replies: 199
Views: 36094

Re: Buying and Spending Bitcoin

Elsewhere, I wrote that bitcoin has slow transactions and high fees, making bitcoin practically useless for buying stuff. In other words, not a good medium of exchange. But how do I know this is actually true and not just a bunch of exaggeration? The fact is, I only know this second hand from other...
by fatlever
Fri Mar 09, 2018 8:04 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2296
Views: 239824

Re: Netflix, Your Current Favorite Show

Altered Carbon
Stranger Things
Love
Jessica Jones
Freaks and Geeks
by fatlever
Fri Mar 02, 2018 8:39 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 191
Views: 27482

Re: Bitcoin in Freefall

I found this a couple weeks ago... https://pbs.twimg.com/media/DVNVlEsVQAAnES-?format=jpg It's very difficult to see how another currency could come to rival the USD. You'd need a country prepared to run a current account deficit for decades to increase the holdings of its currency in foreign hands....
by fatlever
Fri Feb 16, 2018 12:15 pm
Forum: Investing - Theory, News & General
Topic: Buy
Replies: 199
Views: 36094

Re: Buying and Spending Bitcoin

Bitcoin was designed and up to maybe 2015 universally presented as a practical payment system, not a base technology on which others could build a practical payment system someday. It was supposed to directly compete with credit cards and PayPal online. Actually if you dig down to the founder's com...
by fatlever
Thu Feb 15, 2018 10:20 pm
Forum: Investing - Theory, News & General
Topic: Buy
Replies: 199
Views: 36094

Re: Buying and Spending Bitcoin

If one purchases something with by using bitcoins that have appreciated in value since the bitcoins were obtained, is one supposed pay tax similar to capital gains? Technically yes since the IRS treats it as property that you sell and then use those funds to purchase something. But when buying a so...
by fatlever
Thu Feb 15, 2018 8:33 pm
Forum: Investing - Theory, News & General
Topic: Buy
Replies: 199
Views: 36094

Re: Buying and Spending Bitcoin

It sounds like Bitcoin needs the Lightning Network to become a useful payment system. But does the Lightning Network need Bitcoin? Lightning Network is actually live on the Bitcoin mainnet right now. There are 700+ nodes and about $48K worth of bitcoin in the open channels. You can explore the node...
by fatlever
Tue Feb 06, 2018 10:16 am
Forum: Investing - Theory, News & General
Topic: "Bitcoin is my potential pension"
Replies: 54
Views: 9984

Re: "Bitcoin is my potential pension"

If you need any schadenfreude and also reassurance that the Bogle way is best, read some Bitcoin Reddit, particularly the Daily Discussion. Lots of people "buying this dip" or "selling at a loss to buy in cheaper" or "have to sell at a loss because I have to pay the money b...
by fatlever
Mon Feb 05, 2018 11:54 am
Forum: Investing - Theory, News & General
Topic: "Bitcoin is my potential pension"
Replies: 54
Views: 9984

Re: "Bitcoin is my potential pension"

The belly aching on Reddit about having to pay capital gains taxes on bitcoin has been amusing. I was very tempted to suggest muni bonds if they didn't want to pay taxes. Accurately calculating how much taxes you own is actually an impossible task when you have thousands of transactions across 10-1...
by fatlever
Fri Jan 26, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: Still using a 5 year old iphone 5. Who's with me? No new phones!!!
Replies: 151
Views: 12939

Re: Still using a 5 year old iphone 5. Who's with me? No new phones!!!

randomizer wrote: Fri Jan 26, 2018 3:18 am As long as the battery still holds a charge, seems good to me.
I refuse to get a phone that doesn't allow you to swap batteries.

I've had a Samsung Galaxy Note 3 since 2013. It does everything I need it to and I use it heavily. Get a new battery for $10. It feels like I got a new phone.
by fatlever
Tue Jan 23, 2018 9:44 pm
Forum: Investing - Theory, News & General
Topic: likely date for a bitcoin crash: does this make sense to you?
Replies: 115
Views: 13615

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

“Cryptocurrency” (I even hate typing it) is literally the only thing in my life I ever extensively researched and then came away understanding less. FOMO might as well be it’s ticker symbol at this point The Blockchain quite simply is an innovation will allow you to carry out a transaction without ...
by fatlever
Thu Jan 18, 2018 6:20 pm
Forum: Personal Investments
Topic: Lets talk about some favorite index funds?
Replies: 32
Views: 3797

Re: Lets talk about some favorite index funds?

It is my GREAT honor to be the first one in this thread to say it: Vanguard Total World Stock Index Fund . The most Boglehead fund in existence. Enjoy my friends :sharebeer I did the least Boglehead thing you could do making money in crypto and I've been pouring it into VT as an indulgence for my s...
by fatlever
Thu Jan 18, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: How to max out 401k
Replies: 19
Views: 2803

Re: How to max out 401k

Unless you work for a very small company, your 401k deduction will stop when you hit $18,500. I wouldn't go with that assumption. This wasn't true at a LARGE company I worked at. I am now with one of the biggest financial services companies which handles retirement accounts for tons of companies. W...
by fatlever
Fri Jan 05, 2018 5:47 pm
Forum: Personal Investments
Topic: If you could live off your taxable account is it wise to put all your work money in a 401k?
Replies: 18
Views: 2610

Re: If you could live off your taxable account is it wise to put all your work money in a 401k?

The maximum I've been allowed to contribute at any place I've worked is 50% of my income per paycheck. So I doubt you'd be able to max. You could check if you have a Roth and max the Roth if you really don't need your income at all. Putting it into a Roth 401K effectively allows you to contribute mo...
by fatlever
Fri Jan 05, 2018 12:31 pm
Forum: Personal Investments
Topic: Cryptocurrency Exit Strategy
Replies: 52
Views: 6139

Re: Cryptocurrency Exit Strategy

I would not fully exit. Fearing a crypto bear market, I took 50% out (pretty much all profits, DCA and no more real money invested since June), paid a big chunk of the mortgage and put it into VT Taxable. I felt even more comfortable taking a bigger gamble and put a few thousand into RaiBlocks (thin...
by fatlever
Tue Jan 02, 2018 11:19 am
Forum: Investing - Theory, News & General
Topic: What the experts say about Bitcoins?
Replies: 114
Views: 10170

Re: What the experts say about Bitcoins?

At their peak, my altcoins purchased 12/9 were up 77%. Now they're up a mere 46%. Is the momentum gone? Should I sell??? What are you holding? Besides some bags of timelocked Bitcoin, I took most my crypto money out to take another big bite out the mortage, max my Roth-IRA and poured into some VT i...
by fatlever
Tue Jan 02, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: What the experts say about Bitcoins?
Replies: 114
Views: 10170

Re: What the experts say about Bitcoins?

At their peak, my altcoins purchased 12/9 were up 77%. Now they're up a mere 46%. Is the momentum gone? Should I sell??? What are you holding? Besides some bags of timelocked Bitcoin, I took most my crypto money out to take another big bite out the mortage, max my Roth-IRA and poured into some VT i...
by fatlever
Wed Dec 27, 2017 2:54 am
Forum: Investing - Theory, News & General
Topic: How to setup a crypto-currency "index fund" (Bitcoin, etc.)
Replies: 77
Views: 9011

Re: How to setup a crypto-currency "index fund" (Bitcoin, etc.)

So maybe I should have bought some Bitcoin a few years back when it was $1000 :P In all seriousness, let's say I have some play money that I can lose. What's the right way to speculate in crypto-currency? Do you hold a diversified basket of cryto-currency, bitcoin and some other competing currency?...
by fatlever
Fri Dec 22, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 191
Views: 27482

Re: Bitcoin in Freefall

Lost ~1/3 today. But why? That's a huge move, which *should* be accompanied by serious volume. Any word as to what is going on? Year end profit taking for Capital Gains Tax reasons? There is a bunch of breaking news about N Korea hacking a bunch of bitcoin exchanges. At least one S Korean exchange ...
by fatlever
Wed Dec 20, 2017 2:09 am
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 93
Views: 14738

Re: Help Me Cash Out My Bitcoin!

I'm far from "set." The coinbase transaction has not taken place as of now (and I doubt that it ever will). It's not logical that my BTC sand private key can be transfered to my coinbase wallet and not to other wallets. Besides, BTC is starting what may be it's inevitable crash and I stil...
by fatlever
Tue Dec 19, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Memories over money
Replies: 40
Views: 3670

Re: Memories over money

I think trips are fine for memories. However for me it is some of the other things in my life that made the best memories. My dad did the grocery shopping and I came along. So many wonderful memories. We would have a treat at the local Walgreen's drugstore. Toast and jelly! Dad would also have tea ...
by fatlever
Tue Dec 19, 2017 2:16 pm
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 93
Views: 14738

Re: Help Me Cash Out My Bitcoin!

Thank you! This was very informative. I'm ready to transfer my BTC into my new coinbase wallet but I still don't have the private key for it. If coinbase accepts the BTC (and charges me) won't the BTC still be in a "watch only" status and unavailable to be spent by me? All exchanges inclu...
by fatlever
Sun Dec 17, 2017 10:36 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 10304

Re: New job offer - background check

I have a formal job offer letter coming tomorrow. I assume there will be a form for me to sign agreeing to a background check and that the job is contingent upon a successful background check. .. .... ....... HR people, business owners and others with experience in this area, what would you recomme...