Search found 1968 matches

by Ketawa
Tue Jan 22, 2019 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Auto Premiums Up Exactly 10% in 3 Consecutive Renewals?
Replies: 14
Views: 655

Re: USAA Auto Premiums Up Exactly 10% in 3 Consecutive Renewals?

On the exactly 10% increases: it might be case where they increased their overall rates by more than 10%, but limit the disruption on currentcustomer, they limit the increase to 10% with each renewal until the full rates come into effect. This is an interesting hypothesis. I'm very curious to get a...
by Ketawa
Tue Jan 22, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Auto Premiums Up Exactly 10% in 3 Consecutive Renewals?
Replies: 14
Views: 655

Re: USAA Auto Premiums Up Exactly 10% in 3 Consecutive Renewals?

I looked at my previous coverage with USAA while I was in Virginia. For the most part, it bounced around in a ~10% band. The exact 10% semiannual increase only started since I moved to DC. I did some comparison shopping. GEICO - $269 (added upgraded accident forgiveness) Amica - $308 Progressive - $...
by Ketawa
Tue Jan 22, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Auto Premiums Up Exactly 10% in 3 Consecutive Renewals?
Replies: 14
Views: 655

USAA Auto Premiums Up Exactly 10% in 3 Consecutive Renewals?

I hope this can serve as a reminder for people to shop their insurance rates periodically. I have had USAA auto insurance for 11 years, all for the same one vehicle. In the past, I occasionally did some price shopping and other companies were either non-competitive or close enough to not make a big ...
by Ketawa
Tue Jan 22, 2019 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs Own Assumptions
Replies: 46
Views: 2419

Re: Rent vs Own Assumptions

CUMIMPT: "Returns the cumulative interest paid on a loan between start_period and end_period." #151k is the sum of all interest payments from yr0 to yr20. However a $100 next year is worth more than $100 in 20 yrs. (just realized that your loan duration is 20 not 15 yrs) Last time I looked, the NYT...
by Ketawa
Tue Jan 22, 2019 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Jettison QSPIX?
Replies: 26
Views: 1519

Re: Jettison QSPIX?

One thing I noticed is that QSPIX is closed to new investors at Fidelity. I'm not sure if there is any other way for retail investors to get it without an advisor for reasonable minimums. So anyone jettisoning QSPIX may not be able to get back in if they change their mind. QSPIX is closed to all ne...
by Ketawa
Thu Jan 17, 2019 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in the Bay area or give up?
Replies: 94
Views: 7009

Re: Should I buy a house in the Bay area or give up?

Now that I've turned 30, I feel like I'm too old to have a roommate. Thoughts? FWIW, I am 31 and have lived by myself for the last 8 years. Personally, I couldn't imagine going back to having a roommate. It's a lifestyle decision. I'm an officer in the military and there are many single officers my...
by Ketawa
Fri Jan 11, 2019 10:54 am
Forum: Personal Consumer Issues
Topic: Best Military Credit Card
Replies: 11
Views: 863

Re: Best Military Credit Card

krafty81 wrote:
Fri Jan 11, 2019 10:51 am
I have a PENFED gas card that returns 5% with no limits. Not sure if they still offer that. PENFED cards on base or Costco works great. Where I live Costco gas is cheaper than the bases.
The PenFed Cash Rewards card with automatic 5% cash back on gas is no longer available to new applicants.
by Ketawa
Fri Jan 11, 2019 10:13 am
Forum: Personal Consumer Issues
Topic: Best Military Credit Card
Replies: 11
Views: 863

Re: Best Military Credit Card

If you are looking for just one card, I would get the CSR. The AMEX Platinum Schwab card is also a good option since you can cash out all Membership Rewards points at 1.25 cents, effectively making all MR earning cards 1.25% cash back or better, which is relatively rare for cards with no FTF. This a...
by Ketawa
Thu Jan 10, 2019 3:32 pm
Forum: Investing - Theory, News & General
Topic: Looking for country or region allocation % numbers
Replies: 0
Views: 80

Looking for country or region allocation % numbers

I have been using market cap percentages for my region allocation splits since September 2012. Rather than pick a fixed number and risk having to make a decision on when to change if things start to drift, I update my target % every month. My current process is to use the monthly report released ear...
by Ketawa
Thu Jan 10, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Mint.com
Replies: 10
Views: 1542

Re: Mint.com

I mainly use it to be aware of spending and transactions across all my accounts. I'd rather log into Mint once every few days than review the activity of the ~6 credit cards I have in use or try to remember purchases when I receive a statement. It's also helpful for the occasional time I need to loc...
by Ketawa
Thu Jan 10, 2019 1:22 pm
Forum: Investing - Theory, News & General
Topic: AQR Cuts Staff After a Bad Year (39 out of 41 funds down)
Replies: 31
Views: 2634

Re: AQR Cuts Staff After a Bad Year (39 out of 41 funds down)

Mr. Ketawa, Along the same lines, given the disparity in AUM between those 3 funds. The firm basically reduced their Risk Parity Strategy from ~380 million to ~120 million, or to less than 1/3. That doesn't signal belief in one's models . Good luck with your investments. Cheers :greedy From the lin...
by Ketawa
Thu Jan 10, 2019 12:52 pm
Forum: Investing - Theory, News & General
Topic: AQR Cuts Staff After a Bad Year (39 out of 41 funds down)
Replies: 31
Views: 2634

Re: AQR Cuts Staff After a Bad Year (39 out of 41 funds down)

People who are criticizing the change in strategy for the Risk Parity Fund (AQRIX): do you realize the AQR has two other funds with literally the same investment approach, according to their web site, that are not changing? Embedded later in the article that was linked, "The firm offers separately m...
by Ketawa
Tue Jan 08, 2019 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab AMEX Platinum Card
Replies: 14
Views: 1061

Re: Schwab AMEX Platinum Card

I have this because I'm in the military and don't pay any AMEX annual fees. I cash out all my Membership Rewards points at 1.25¢ each. American Airlines and Southwest Airlines are the easiest airlines to use for purchasing and redeeming gift cards using the airline credits. American gift card reimbu...
by Ketawa
Mon Jan 07, 2019 11:48 am
Forum: Personal Consumer Issues
Topic: Buying dress shoes from overseas
Replies: 9
Views: 396

Re: Buying dress shoes from overseas

I bought some Meermin oxfords in 2013 when the only way to buy and return them was from overseas. I had a hell of a time returning a pair that didn't fit. I think the package was lost for several months before it was discovered and eventually delivered to Meermin. I wouldn't recommend buying shoes f...
by Ketawa
Fri Dec 21, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Bank offered free interest rate reduction
Replies: 24
Views: 1795

Re: Bank offered free interest rate reduction

Please stop spreading this misinformation. Your home itself may go up or down in price. You may have debts in the form of a mortgage that cost interest. Home equity does not have a rate of return. You are correct. Equity trapped in your home has no rate of return. It does not have a rate of return,...
by Ketawa
Fri Dec 21, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Bank offered free interest rate reduction
Replies: 24
Views: 1795

Re: Bank offered free interest rate reduction

From a financial/mathematical/rate of return perspective, adding principal payments to a mortgage is the worst possible thing you could do. Even worse in this low-interest-rate environment. The rate of return on home equity is always zero. It doesn't get any worse than that. Don't listen to what Da...
by Ketawa
Fri Dec 21, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Bank offered free interest rate reduction
Replies: 24
Views: 1795

Re: Bank offered free interest rate reduction

And by the way, the only person you are hurting by making principal payments on a low interest loan is yourself. The rate of return from home equity is always ZERO. Having $100 dollar bills behind your drywall that are yielding you $0, is never a smart move. The bank makes money either way. That mo...
by Ketawa
Thu Dec 20, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Diversify Globally
Replies: 47
Views: 4746

Re: Larry Swedroe: Diversify Globally

I think Larry makes a very good case for global diversification and I believe it. I am US 50/DM 25/EM 25 , so I even overweight EM relative to global market weight because I believe that over the long term that increased EM risk will be rewarded with increased return. The increased volatility of EM...
by Ketawa
Thu Dec 20, 2018 2:46 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Diversify Globally
Replies: 47
Views: 4746

Re: Larry Swedroe: Diversify Globally

The EM label is all great. But the fact is DFA EM Value fund and other EM funds are dominated by China. Fully 1/3rd of DFEVX is China + Taiwan. Rest 40% in South Korea, India, and Brazil. Remaining countries are too small allocations and unlikely to make major impacts to returns. EM is trading low ...
by Ketawa
Thu Dec 20, 2018 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: How did I just buy VBR for $114.98 when the NAV is $129.00
Replies: 4
Views: 764

Re: How did I just buy VBR for $114.98 when the NAV is $129.00

As jebmke said, the NAV was $115.27. Regardless, NAV is meaningless for an ETF. It is calculated at the end of day when you are unable to buy or sell an ETF. You should only be buying them when the market is open. Even the intraday optimized value (IOV), which would be VBR.IV for VBR, is basically m...
by Ketawa
Thu Dec 20, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: TSP Thrift Saving Plan 100% contribution
Replies: 4
Views: 490

Re: TSP Thrift Saving Plan 100% contribution

It will depend on your agency. You shouldn't be able to contribute 100% anyway, since your employer has to withhold 6.20% for Social Security taxes and 1.45% for Medicare taxes. I tried to contribute 100% when I first started my TSP account since it was late in a year. My pay processing system allow...
by Ketawa
Thu Dec 20, 2018 10:00 am
Forum: Personal Consumer Issues
Topic: Best Albums of 2018
Replies: 36
Views: 2548

Re: Best Albums of 2018

My personal favorites:

Car Seat Headrest - Twin Fantasy
Cardi B - Invasion of Privacy
Cloud Nothings - Last Building Burning
Kacey Musgraves - Golden Hour
Pusha T - Daytona
Vince Staples - FM!
by Ketawa
Wed Dec 12, 2018 11:56 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1608
Views: 223693

Re: QSPIX - thoughts on interesting fund

If I was an institutional holder of this fund, I'd like to have a meeting and see the performance of the internal 16 strategies to understand better what the hell is going on relative to the back test, instead of reading all that mumbo-jumbo from Cliff. That is exactly what AQR does. Occasionally, ...
by Ketawa
Tue Dec 11, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3181
Views: 617469

Re: What's Your Credit Card Rewards Strategy?

Something else that I'm sure a lot of people missed: for a few hours on Tuesday, it was possible to cash out Hilton Honors Points at 0.5¢ through Amazon. It was some kind of glitch and the second time it has happened. I cashed out almost 300K points for an Amazon e-gift card. The DoC post showed up...
by Ketawa
Tue Dec 04, 2018 12:57 pm
Forum: Personal Consumer Issues
Topic: Pixel 3 early adopters: any feedback?
Replies: 42
Views: 3389

Re: Pixel 3 early adopters: any feedback?

I have the 3 XL and DW has the 3. We both love them. Awesome cameras. I think the December update either fixed or greatly improved the ram management issue. I have not had time to test the video audio recording issue to see if it was improved with the new update. Someone on reddit said it was impro...
by Ketawa
Mon Dec 03, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Financial planning for new military member - multiple questions
Replies: 36
Views: 2149

Re: Financial planning for new military member - multiple questions

You can register your car or get a driver's license as long as you meet the state's rules. I am an Ohio resident, had my license and registration in Hawaii when I lived there, changed both to Virginia later, and still have both in Virginia now that I live in DC while remaining an Ohio resident. Ohio...
by Ketawa
Mon Dec 03, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: Big endowments don't beat simple 60/40 over 10 yrs.
Replies: 25
Views: 3260

Re: Big endowments don't beat simple 60/40 over 10 yrs.

The performance of Ivy League endowments has trailed a passive portfolio of 60 percent U.S. stocks and 40 percent bonds over the past ten years — and has been more volatile to boot, according to a new report from research and analytics provider Markov Processes International. Evelyn How useful is t...
by Ketawa
Fri Nov 30, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3181
Views: 617469

Re: What's Your Credit Card Rewards Strategy?

Currently, for personal reasons, I have little need for air travel, so what are other valuable uses for Amex Membership Rewards points and Citi Thank You Points? I do use my UR points, by transferring to Hyatt. Thanks I cash out MR points to a Schwab account at 1.25¢ each. This requires the AMEX Pl...
by Ketawa
Fri Nov 30, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3181
Views: 617469

Re: What's Your Credit Card Rewards Strategy?

Something else that I'm sure a lot of people missed: for a few hours on Tuesday, it was possible to cash out Hilton Honors Points at 0.5¢ through Amazon. It was some kind of glitch and the second time it has happened. I cashed out almost 300K points for an Amazon e-gift card. The DoC post showed up ...
by Ketawa
Fri Nov 30, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3181
Views: 617469

Re: What's Your Credit Card Rewards Strategy?

I recently did something that I didn't realize was possible to meet a signup bonus. Throwing this out there in case it helps anyone. I picked up the AMEX Hilton Honors Aspire in early September with the bonus of 150K points for $4K in spend. 1 month later, I picked up the Chase IHG Rewards Club Prem...
by Ketawa
Wed Nov 28, 2018 12:53 am
Forum: Investing - Theory, News & General
Topic: AQR/Liquid Alt Performance
Replies: 60
Views: 2917

Re: AQR/Liquid Alt Performance

The beauty of backtesting is that you can torture the data in anyway until it produces the result you want. If you wish to reduce portfolio volatility while keeping sharp ratio same, then you could add low volatility equity like a Dividend Growth (Quality) fund. See here: https://www.portfoliovisua...
by Ketawa
Tue Nov 27, 2018 11:15 am
Forum: Investing - Theory, News & General
Topic: AQR/Liquid Alt Performance
Replies: 60
Views: 2917

Re: AQR/Liquid Alt Performance

Despite all this doom and gloom, investors have been better off with QSPIX than without it, even if only barely so. Compare a 60/40 portfolio of VT/VBMFX to 55/35/10 of VT/VBMFX/QSPIX since the inception of QSPIX: link . Does anyone know if the Portfolio Visualizer results are after fees? Portfolio...
by Ketawa
Tue Nov 27, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: AQR/Liquid Alt Performance
Replies: 60
Views: 2917

Re: AQR/Liquid Alt Performance

The math simply does not add up for investors who are already in with the sinking performance so far. QSPIX is down -10.68% YTD, it will take an average of 10% returns annualized for next 9 years for it to make up 6% annualized returns for a full 10 year period starting 2018. QSPIX is up 3.5% appro...
by Ketawa
Mon Nov 26, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Borrowers Are Tapping Their Homes for Cash, Even as Rates Rise
Replies: 14
Views: 2556

Re: Borrowers Are Tapping Their Homes for Cash, Even as Rates Rise

This is a terrible headline. Of course as rates rise, the primary reason for refinancing will be to take cash out, so 80% of refinances being for this reason is not surprising. What else are people going to do? The people who refinanced all the way to the bottom can probably hardly get a better deal...
by Ketawa
Tue Nov 20, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: Black Friday 2018
Replies: 123
Views: 15222

Re: Black Friday 2018

I'll pick up a few MTM shirts, something I do annually, to refresh/expand my wardrobe. I'm in the market for a good deal on the PS4 Pro to play PlayStation exclusives (Spider-Man, God of War, Horizon Zero Dawn, Uncharted) and complete my set of current gen consoles. There are some great deals on the...
by Ketawa
Mon Oct 15, 2018 2:28 pm
Forum: Personal Consumer Issues
Topic: HDMI Splitter or Switch?
Replies: 24
Views: 1471

Re: HDMI Splitter or Switch?

You may or may not need an HDMI switch. It depends on your soundbar. For example, I have a Vizio soundbar with 1 regular HDMI input and 1 HDMI-ARC port, but an old Panasonic plasma will probably not have HDMI-ARC, so I can only run 1 HDMI device "through" the soundbar. If your soundbar has multiple...
by Ketawa
Mon Oct 15, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: HDMI Splitter or Switch?
Replies: 24
Views: 1471

Re: HDMI Splitter or Switch?

You may or may not need an HDMI switch. It depends on your soundbar. For example, I have a Vizio soundbar with 1 regular HDMI input and 1 HDMI-ARC port, but an old Panasonic plasma will probably not have HDMI-ARC, so I can only run 1 HDMI device "through" the soundbar. If your soundbar has multiple ...
by Ketawa
Thu Oct 04, 2018 9:28 am
Forum: Personal Consumer Issues
Topic: Black suit with dark brown shoes?
Replies: 59
Views: 4197

Re: Black suit with dark brown shoes?

Based on your post, you absolutely need to bring two pairs of shoes. You shouldn't wear black shoes with khakis and a navy jacket, and you shouldn't wear brown shoes with a black suit. Black shoes are very formal and should be paired only with a mid-gray to charcoal to black suit, or a navy suit. Mo...
by Ketawa
Tue Oct 02, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Adult kids getting help from parents
Replies: 36
Views: 2334

Re: Adult kids getting help from parents

My two brothers, two stepsisters, and I are all in the 27-31 age range. I have received no assistance from parents since I started college at 17, except for things like the occasional dinner out, or gas to pick me up for break from college. I don't think they even helped with the 1 or 2 plane ticket...
by Ketawa
Tue Oct 02, 2018 12:45 pm
Forum: Personal Consumer Issues
Topic: Improved Phishing Scam
Replies: 7
Views: 987

Re: Improved Phishing Scam

Brian Krebs also reported on the phishing tactic mentioned in the OP: Sextortion Scam Uses Recipient’s Hacked Passwords. It's the most popular article ever on his site.
by Ketawa
Mon Oct 01, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Do Bonds Go in Taxable?
Replies: 71
Views: 6963

Re: Do Bonds Go in Taxable?

This is something I used to say in many threads, including some of the threads linked in this thread. There are some nuances to this decision that get lost, especially in the way examples are constructed to make the "bonds in taxable" argument. One important nuance is that assets are more risky if t...
by Ketawa
Mon Oct 01, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing a Net Worth Statement
Replies: 15
Views: 1951

Re: Preparing a Net Worth Statement

Long term cap gains I multiply by 0.85% Pre tax money in my 401k I multiply by .80% Might not be perfect but close enough. I just track every year for personal use. This is reasonable. What I wouldn’t do is account for taxes on unrealized capital gains but not for taxes on withdrawals from tax-defe...
by Ketawa
Tue Sep 25, 2018 1:01 pm
Forum: Investing - Theory, News & General
Topic: Equities as a hedge against inflation
Replies: 36
Views: 2661

Re: Equities as a hedge against inflation

We need to be more precise in our terms. People can mean a couple different things when discussing a hedge against inflation. Historically, equities have outpaced inflation. They should because as inflation happens, companies are able to raise prices. Bonds also hedge against inflation in this manne...
by Ketawa
Tue Sep 25, 2018 9:20 am
Forum: Investing - Theory, News & General
Topic: Vanguard New Factor Funds Portfolio Statistics
Replies: 224
Views: 34235

Re: Vanguard New Factor Funds Portfolio Statistics

Is it time for me to swap out QSMLX for VFMF? I haven't been following these funds. My portfolio is essentially "tilt as much as possible, within reason, have about 1 fund for each asset class per account." The particular funds have changed since I implemented that in August 2012 as offerings became...
by Ketawa
Tue Sep 11, 2018 10:28 am
Forum: Investing - Theory, News & General
Topic: A case for holding international bonds
Replies: 14
Views: 1456

Re: A case for holding international bonds

I don't know how international bonds have done recently, or how Treasuries rates compare to other AAA government bonds, but looking at SEC yield is very misleading for hedged international bonds. It leaves out the hedge return. The SEC yield is calculated in the yield of the local currency, but afte...
by Ketawa
Tue Sep 11, 2018 9:26 am
Forum: Personal Finance (Not Investing)
Topic: How to choose a real estate agent?
Replies: 24
Views: 2202

Re: How to choose a real estate agent?

Personally, I went to Redfin first and saw that no actual Redfin agents were available. However, they had some affiliated agents and I contacted 3, presuming they would be willing to negotiate on commission. I also contacted an agent from the big company in the area. I went with one who affiliated w...
by Ketawa
Tue Sep 11, 2018 8:58 am
Forum: Personal Consumer Issues
Topic: Amazon Prime - Value?
Replies: 89
Views: 7727

Re: Amazon Prime - Value?

Almost everything I order arrives on time in 1 or 2 days, if that was the expectation. I live in a big city so this probably helps. I have the Chase Amazon Prime Rewards card which gives 5% back with Prime. The alternative is 3% without Prime. $6000 in spending would be the break-even point for a $1...
by Ketawa
Fri Sep 07, 2018 3:13 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1608
Views: 223693

Re: QSPIX - thoughts on interesting fund

QSPIX does not need to short dividend paying stocks, it has chosen a strategy that uses this to generate its return. To get other alternative asset returns you do not need to do this, thus is this cost that AQR decides to use & paid to someone else an expense? I think it is as the investor does not...
by Ketawa
Fri Sep 07, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1608
Views: 223693

Re: QSPIX - thoughts on interesting fund

Correct me if i am wrong, but I believe these funds are only available through an advisor. So, to the consumer the fees would likely be even higher, right? That is going to take a LOT of portfolio efficiency improvements to overcome. I hope it works out for you true believers. I am going to sit thi...
by Ketawa
Fri Sep 07, 2018 2:51 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1608
Views: 223693

Re: QSPIX - thoughts on interesting fund

If someone want to argue that the expense ratio as calculated by SEC rules is misleading, and a disservice to investors, they should make that case to the SEC. I guess i am one of those idiots you were referring to who can't even compute a basic ER. That is why I rely on a set of rules that have be...