Search found 103 matches

by fatlever
Thu Dec 14, 2017 6:18 am
Forum: Investing - Help with Personal Investments
Topic: Quantity of places to hold assets
Replies: 11
Views: 866

Re: Quantity of places to hold assets

Taylor has a list of reasons he feels are beneficial to holding assets at one administrator. Some of the reasons are: Easier to manage Easier for heirs to manage Benefits are afforded to biggest customers Usually lower ERs, trading costs Fewer tax forms to organize I'm in favor of keeping the numbe...
by fatlever
Wed Dec 13, 2017 12:34 am
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 116
Views: 11026

Re: What to do after losing $117k in stock market?

Yes, I feel like the biggest idiot especially in this bull market. I only started investing 3 years ago and got involved in high risk stocks (oil and biotech). Made some really bad picks and took a massive lost. I try to ignore thinking about how much I've lost because I feel ashamed and embarrasse...
by fatlever
Mon Dec 11, 2017 7:49 pm
Forum: Investing - Theory, News & General
Topic: Robert Shiller warming up to Bitcoin
Replies: 7
Views: 1572

Re: Robert Shiller warming up to Bitcoin

He's backtracking. He's called it "fad" and "a clear example of a bubble" before. Now he snuck in the interview that "brilliant people have been wrong" and he could argue that Bitcoin could succeed. Now that it's gaining momentum for mainstream adoption, the best thing to say for critics like him fr...
by fatlever
Mon Dec 11, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Bitcoin IRA
Replies: 28
Views: 2445

Re: Bitcoin IRA

Makes me wonder.. If Bitcoin goes to $20K by end of 2017, 40K by 2018, and $100K by 2020, will people on this board keep saying "too late to the game" "end of the Bitcoin bubble" then? :D Bogleheads called Bitcoin a bubble at $8, check out the 2011 thread: https://www.bogleheads.org/forum/viewtopic...
by fatlever
Sun Dec 10, 2017 9:00 pm
Forum: Investing - Theory, News & General
Topic: Buying index funds is just as speculative as buying Bitcoin
Replies: 64
Views: 3860

Re: Buying index funds is just as speculative as buying Bitcoin

Lightning Network is a technology which allows instant micropayments anywhere in the world... Lightning Network is not a technology yet. It is a controversial proposal that hasn't been completed, much less implemented. It was said in the past that bitcoin would allow instant micropayments anywhere ...
by fatlever
Sat Dec 09, 2017 10:54 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin now the largest quantifiable bubble in history?
Replies: 88
Views: 6639

Re: Bitcoin now the largest quantifiable bubble in history?

I have cash out all of my initial capital in Bitcoin. Price per BTC reached ~$18,500 two days ago, and today it is precipitously dropping and is now under $14,000. I wouldn't be surprised if it is under $10,000 by weekends end. I just cashed out around ~$15,000 per BTC and now hold a little Bitcoin...
by fatlever
Sat Dec 09, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7302

Re: At what age your investments start making more money than you?

This is pure for fun. It is not a worry or concern. I just remember how excited my wife was when I explained we had a minimum wage worker busy over there at Fidelity working full time putting money into our accounts. (once our growth was greater than 2080 hours X $8.25per hour. I just was wondering...
by fatlever
Fri Dec 08, 2017 11:48 pm
Forum: Investing - Theory, News & General
Topic: A message from Bitcoin wallet Coinbase
Replies: 1
Views: 841

Re: A message from Bitcoin wallet Coinbase

If you have a Coinbase account, you should be selling/exchanging it on GDAX which is their exchange. GDax fees are at most .25%. You can also use Gemini (Windlevoss twins) same fee. Bitflyer the Japanese exchange is also coming to the US; it already has but you can't do ACH transfers. It appears tra...
by fatlever
Thu Dec 07, 2017 4:54 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin now the largest quantifiable bubble in history?
Replies: 88
Views: 6639

Re: Bitcoin now the largest quantifiable bubble in history?

Tyler Aspect wrote:
Thu Dec 07, 2017 4:40 pm
I would say when grandmas or grandpas start buying bitcoins, then the crash is not far away.
Grandma is one step ahead of Bogleheads :mrgreen:

https://www.wsj.com/articles/bitcoin-ma ... 1511996653
by fatlever
Thu Dec 07, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 147
Views: 15194

Re: A good friend has nearly $1M in BitCoin what do I tell him?

Granted, he “saw the light” nearly 4 years ago, when BTC was $114. He bought $10K worth. I’m thinking it might be time to take some profits. He is a working stiff, but also a business man and a smart one at that. His opinion is that if if it goes to zero, $10K won’t break him, but if he sells, he m...
by fatlever
Thu Dec 07, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money
Replies: 76
Views: 6436

Re: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money

I've been in IT on and off in European countries and now here in the US for more than 20 years. I've worked in small tech companies in Europe and 3 major financial services companies/banks here in the US. I took left a high paying but high stress/responsibilities position for about a 40% pay cut to ...
by fatlever
Thu Dec 07, 2017 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 90
Views: 8360

Re: Want to sell my Bitcoin, but when?

I sold half of mine today. Made enough to cover my original investment. Way too much new money coming in. I had 3 friends all sign up and buy today. Thats my sign to leave for a while. Nice! I missed the $19k+ run up or I might have been tempted to let some go at that point. Dropped 20% since then ...
by fatlever
Thu Dec 07, 2017 9:32 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 187
Views: 17317

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

Bitcoin has been fueled by speculation but what if it results in an economic black swan event? You are calling it a black swan when we are smack in the middle of it not knowing if it is a black swan event or a bear's den. Seems like a foolish conclusion with limited data. I am not saying it's a bla...
by fatlever
Thu Dec 07, 2017 8:29 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 187
Views: 17317

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

That is exactly what it is. It's pure greed betting on the thought that it will go higher. This is the same route with the Dutch and tulips. This is the same route of the dot com bust. This is the same route when it came to flipping houses before the 2008-2009 Great Recession. If one was already in...
by fatlever
Wed Dec 06, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 90
Views: 8360

Re: Want to sell my Bitcoin, but when?

coalcracker wrote:
Fri Dec 01, 2017 7:04 pm
I bought about $7000 worth of Bitcoin and Ethereum in July as an experiment and learning process. Well, it is now worth about $21,000.

It's been like a week, what is with now $30,000? :mrgreen:
by fatlever
Tue Dec 05, 2017 5:31 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19372

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

I found this article/video on Business Insider informative: Economist Jim Rickards on gold versus bitcoin — intrinsic value is meaningless for both but the bitcoin prices aren't real . Yes, the guy with 100% certainty claims its a scam, a bubble, unsustainable, etc. Nothing new there. On the other ...
by fatlever
Mon Dec 04, 2017 8:21 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35269

Re: What is Bitcoin?

I was not able to set the miner's fee myself when I spent bitcoin. I have Mycelium Wallet for iOS and it sets the miner's fee automatically. The user can only choose among: LOW PRIORITY ECONOMY NORMAL PRIORITY Which Bitcoin Wallet do you use that allows you to set the miner's fee? You can use Elect...
by fatlever
Sun Dec 03, 2017 7:01 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35269

Re: What is Bitcoin?

You found a 191 bytes transaction for $1820 (0.155136) that paid a miners per byte of 14.66 sat/B, total miner's fee $0.33 (0.000028 BTC), and was confirmed in 16 minutes. First, the fee is not based on the amount of the transaction, but on the the size in bytes. Whether it was for $1.82, $1820, or...
by fatlever
Sun Dec 03, 2017 2:20 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35269

Re: What is Bitcoin?

Apparently you haven't read grayfox's thread on his actual experience Buying and Spending bitcoin . It apparently isn't practical for ordinary people in real-world transactions any more. I am not going to doubt anybody but I've sent dust transactions, moving spare change from different addresses to...
by fatlever
Sun Dec 03, 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: 19372

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

Why not short bitcoin? Keynes... "The market can remain irrational longer than you can remain solvent." Yeah, there's a bitcoin bubble. Bitcoin's value is destined to plummet. Sometime. But will that happen before or after I get wiped out by shorting it? I'm not an experienced bitcoin shorter, but ...
by fatlever
Wed Nov 29, 2017 11:35 am
Forum: Investing - Theory, News & General
Topic: Bitcoin: What is it, in Plain English
Replies: 116
Views: 18824

Re: Bitcoin: What is it, in Plain English

[Note: restarted thread, check posting dates] What, in plain English, IS bitcoin? And how can I as an investor or consumer benefit? I love looking back at this thread from 2011. This OP was probably the most intelligent question to ask when Bitcoin was $8 and even now. The easy answer without doing...
by fatlever
Tue Nov 28, 2017 8:45 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 187
Views: 17317

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

Also Warren Buffet when Bitcoin was priced at $290: "Bitcoin is a mirage, stay away from it" As much respect as I have for Warren Buffet and Jack Bogle, it's outside their "circle of competence" as Buffet says. But then Warren Buffet's buddy Bill Gates says: Bitcoin is better than currency Nobody ca...
by fatlever
Mon Nov 27, 2017 6:08 pm
Forum: Investing - Theory, News & General
Topic: CNBC says Vanguard says 70% Chance of "Correction"
Replies: 63
Views: 7840

Re: CNBC says Vanguard says 70% Chance of "Correction"

It's not like there's some amazing underlying insight here, though, and I don't think anybody really trusts Vanguard's simulation to be perfectly accurate in a statistical sense. There's a lot of residual randomness left even for those who think they can do better than "don't know." I worked on the...
by fatlever
Sun Nov 26, 2017 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 138
Views: 10717

Re: Didn't buy Bitcoin at $4600

unfortunately many many folks can lose as well because bitcoin hacking is real. The article is misleading. It's not Bitcoin hacking. The exchanges that hold Bitcoin were hacked. If you keep your Bitcoin in your own wallet, keep your private keys and your computer secure, nobody is going to get your...
by fatlever
Sun Nov 26, 2017 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 138
Views: 10717

Re: Didn't buy Bitcoin at $4600

ClevrChico wrote:
Sun Nov 26, 2017 11:12 am
I'm reading about low income folks buying in now to get rich. That's a big red flag for me.
  1. Bitcoin@ $100 tech geeks buying
  2. Bitcoin @ $5,000 poor and dumb buying
  3. Bitcoin @ $25,000 packaged in an ETF, smart and savvy investors buying
by fatlever
Sun Nov 26, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 101
Views: 11193

Re: Buying and Spending Bitcoin

So everything is on 15% discount. Christmas big purchase items should be 75% discount. I wouldn't keep a lot of money in exchanges though. I don't even trust myself -- a lot of my Bitcoin in timelocked addresses only to be released in 2018, 2019 and 2020. Smart money 8-) Wait...what? Smart money? B...
by fatlever
Sun Nov 26, 2017 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 138
Views: 10717

Re: Didn't buy Bitcoin at $4600

I was sitting in a cafe a couple of months ago, I didn't buy Bitcoin when it was $4600 per Bitcoin. I even had my bank info authenticated the few days prior. I think my PC battery died and I went to the gym instead. I don't really need the money, but I'd be lying if I said I don't feel a twinge of ...
by fatlever
Sat Nov 25, 2017 5:49 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 101
Views: 11193

Re: Buying and Spending Bitcoin

The bitcoin train may be leaving the station without me. Oh well. You don't have to buy a whole Bitcoin. You can buy whatever amount you're comfortable investing or speculating. A great way to buy Bitcoin and spend Bitcoin is to Dollar Cost Average weekly or on the dips in Coinbase and also get a C...
by fatlever
Fri Nov 03, 2017 10:22 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 16720

Re: Bitcoin in 3-fund indexed portfolio?

Crypto, mostly Bitcoin was 10% of my portfolio. It ballooned to over 30% earlier this year before I re-balanced and cut it to around 5-6%. It really takes some discipline to do because I lost out on so much money re-balancing (and I do have some regret). Now in a couple of months, that trimmed 5% is...
by fatlever
Sat Oct 21, 2017 9:19 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35269

Re: What is Bitcoin?

I am willing to be educated, and curious enough to pay attention, but so far have not heard anything that even hints at why it is a good thing to invest in. This is a great talk about the potential revolution in money that Bitcoin would bring. It's long but really worth watching. It's not really ab...
by fatlever
Fri Oct 20, 2017 3:28 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35269

Re: What is Bitcoin?

EDIT: In disaster scenarios don't ATMs get emptied quickly? Does anyone foresee a Bitcoin ATM? The UAE has gold-bar ATMs. There have been Bitcoin ATMs for a pretty long time now. Now they are all over the place - I have three pretty close to me. They tended to be in smoke/vape shops, I guess becaus...
by fatlever
Fri Oct 20, 2017 10:29 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35269

Re: What is Bitcoin?

Does anyone have the bad feeling that people are joining this site and others simply to pump up Bitcoin similar to penny stocks? The level of not only troll activity but extreme fanboyism is so far out there it remind me of the dot com run up. I joined 5 years before you :mrgreen: Bogleheads get ex...
by fatlever
Thu Oct 19, 2017 5:39 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35269

Re: What is Bitcoin?

Does anyone have the bad feeling that people are joining this site and others simply to pump up Bitcoin similar to penny stocks? The level of not only troll activity but extreme fanboyism is so far out there it remind me of the dot com run up. I joined 5 years before you :mrgreen: Bogleheads get ex...
by fatlever
Thu Oct 19, 2017 10:05 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35269

Re: What is Bitcoin?

There is an interview on CNBC today with Jamie Dimon, JP Morgan CEO. He noted that Bitcoin will collapse and it will end very badly. https://i.imgur.com/njWbjXK.png "Stay away from it (Bitcoin). It's a mirage, basically" - Warren Buffet 2014 The thing about Bitcoin and crypto is general is nobody r...
by fatlever
Thu Oct 12, 2017 6:22 am
Forum: Investing - Theory, News & General
Topic: Bitcoin: What is it, in Plain English
Replies: 116
Views: 18824

Re:

Alex Frakt wrote:
Sun Sep 04, 2011 2:31 pm
LadyGeek wrote:It looks like the exchange rate is around 8 USD. Mt. Gox (USD/dwolla/SEPA)
So down around 50% since the thread was started.
Bitcoin at $8 was a tulip. Now $5150 . :oops:
by fatlever
Tue Oct 03, 2017 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Would you take a pay cut to work from home?
Replies: 67
Views: 5780

Re: Would you take a pay cut to work from home?

I took a big title and paycut from a big 3 bank to large financial services company. Pay + bonus = ~35%. Work from home 3-4 days per week now, some weeks all 5 or continuously for months. Single, own moderate $ townhouse - actually sold my house when I left that job and downsized Pros: I am also rel...
by fatlever
Wed Sep 20, 2017 7:42 am
Forum: Investing - Theory, News & General
Topic: Bitcoin AA - Just out of Curiousity
Replies: 51
Views: 2940

Re: Bitcoin AA - Just out of Curiousity

If somebody decides 5% of their allocation will be bitcoin, and it drops in half, will you sell stocks or bonds to buy more bitcoin? If it drops in half again, will you do the same? Rinse and repeat until your entire portfolio return is negative. Funny, I put around 5% in cryptos earlier this year....
by fatlever
Fri Sep 08, 2017 8:47 am
Forum: Personal Consumer Issues
Topic: Do I need an Amazon Echo??.....
Replies: 68
Views: 5364

Re: Do I need an Amazon Echo??.....

Teague wrote:
Wed Sep 06, 2017 10:20 pm
I asked my really smart neighbor who works for the NSA. He seems to think everybody should have one.
Between the Arlo cameras in every room, Alexa and Echo, I must have a lot of data to employ several NSA agents then :mrgreen:

Doing my best to stimulate the econmy
by fatlever
Sun Sep 03, 2017 8:26 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35269

Re: What is Bitcoin?

I guess I don't get it. Cryptocurrencies are ripe with fraud, practically by design, with their irreversible transactions, and very difficult security procedures. The likelihood of a boglehead (i.e. typical member of this forum) being able to successfully manage to invest a real sum of money (let's...
by fatlever
Tue Aug 29, 2017 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Couple in mid-30s looking for financial independence within 10 years
Replies: 34
Views: 7164

Re: Couple in mid-30s looking for financial independence within 10 years

Alternative Investments: $250K - Cryptocurrencies (BTC, ETH, LTC, BTH) 5% Interesting, recently I've commented a lot in the Bitcoin threads but I myself don't have THAT much in cryptos. The money I put in ballooned in quickly to be a large amount and I took most of it out leaving in only house mone...
by fatlever
Sun Aug 20, 2017 9:39 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35269

Re: What is Bitcoin?

(1) I'm confused why completely anonymous is EXTREMELY valuable. Can you give an example? (2) You are describing the benefits of blockchains, which all crypto-currencies use. Why is Bitcoin superior to the rest and will it remain so? (3) Why would someone use an extremely volatile currency for a lo...
by fatlever
Wed Aug 16, 2017 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 131
Views: 11117

Re: Bitcoin

I posted the whole article here before and I think this is an interesting read comparing Bitcoin to modern day Swiss Bank accounts that provide privacy, anonymity and safe haven from corrupt and incompetent governments. His argument almost makes it seem like a necessity to hold Bitcoin drawing paral...
by fatlever
Tue Aug 15, 2017 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 131
Views: 11117

Re: Bitcoin

Or people who call it a scam/bubble/etc do so because they understand the technical underpinnings and economic issues, and realize that there's absolutely no reason why any given cryptocurrency can't go to zero literally overnight. I'd never touch a cryptocurrency that has multiple known vulnerabil...
by fatlever
Tue Aug 15, 2017 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 131
Views: 11117

Re: Bitcoin

Bitcoin has only the one source of return. Your point is reasonable, but here's some backstory you might not know about: Two weeks ago, bitcoin forked off to Bitcoin Cash. Those who held bitcoin before the fork now have tokens on both blockchains. So, for every bitcoin token they owned, they also g...
by fatlever
Tue Aug 15, 2017 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 131
Views: 11117

Re: Bitcoin

Every sentence I read written by someone trying to support why they are buying bitcoin reinforces my believe that they are gambling and speculating. Isn't the difference between Investment vs Speculation the amount of risk taken? Benjamin Graham said: An investment operation is one which, upon thor...
by fatlever
Tue Aug 15, 2017 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 131
Views: 11117

Re: Bitcoin

If you buy 1 bitcoin, in 100 years you'll still just have 1 bitcoin. The value of that bitcoin may be more than you paid for it. But that's still gambling, not investing. Because you're receiving no earnings/dividends. The only way you make money is if you sell it for more than you paid. With inves...
by fatlever
Tue Aug 15, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 131
Views: 11117

Re: Bitcoin

If you buy 1 bitcoin, in 100 years you'll still just have 1 bitcoin. The value of that bitcoin may be more than you paid for it. But that's still gambling, not investing. Because you're receiving no earnings/dividends. The only way you make money is if you sell it for more than you paid. With inves...
by fatlever
Tue Jul 18, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Tumbling USD -- expats
Replies: 27
Views: 2821

Re: Tumbling USD -- expats

I have a little Swedish student debt at around ~2%. I need to pay quarterly payments. I recently paid in June and went back to check my balance which I convert to USD and I think I owe more now than I did before I paid :annoyed
by fatlever
Thu Jun 22, 2017 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Simplicity is beautiful.
Replies: 32
Views: 5843

Re: Simplicity is beautiful.

Vanguard LifeStrategy Growth Fund at Vanguard

and

Fidelity Four-in-One Index Fund at Fidelity

I fell into the slicing and dicing rabbit hole a few years ago and don't ever want to fall in again.