Search found 222 matches

by riskonoff
Mon Jun 27, 2016 6:10 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - Increasing International Equity %
Replies: 63
Views: 9462

Re: Vanguard - Increasing International Equity %

I have less than 10% of my equity allocation to int'l. I love Vanguard and have been a loyal customer for 25 years. However, I don't listen to everything they say. In 2006/07 I had a windfall of sorts and the vanguard financial planner said to put all of it in equities. I ignored his advice knowing full well we were at all time highs. It just felt too risky and CD's were yielding over 5%....Not listening to Vanguard in '06/'07 allowed me to buy laddered CD's over 5% and be a scale down buyer of VTI in '08/'09. One of my favorite songs is "I did it my way"......I may slowly bump up my int'l to 20% but cannot see myself going beyond that... I am Riskonoff. For those who puke VXUS, I will be buying. Bought today and scale Down GTC b...
by riskonoff
Sun Jun 26, 2016 7:04 pm
Forum: Investing - Theory, News & General
Topic: Intermediate Term CD Strategy After Brexit
Replies: 8
Views: 1787

Re: Intermediate Term CD Strategy After Brexit

Rob5TCP wrote:No one knows - but you can get up to 3% on 7 year Cd's and 2-2.25% on 5 year.
Could we have a spike in a year or two - that's unknown.
Find a bank with a relatively low EWP and go for their highest rate (usually year CD or longer).
I know where to get 5 yet CDs at 2.05. Where can u get 7 year CDs near 3%?

Thx
by riskonoff
Thu Jul 11, 2013 9:32 pm
Forum: Personal Investments
Topic: International funds not popular at Vanguard?
Replies: 8
Views: 2207

Re: International funds not popular at Vanguard?

{political comment edited by admin Tashina}

Finally, Abuss you have a quote from Jack Bogle that says "splash" of international equity. I think 30% to 56% in international equities is more of a cannon ball than a splash. I have 8% of my equity allocation dedicated to international and I have been sleeping very well at night the past few years. I may increase it to 15% but for now I see no reason to do so. Maybe in 2016.
by riskonoff
Thu Jul 11, 2013 12:35 pm
Forum: Personal Investments
Topic: International funds not popular at Vanguard?
Replies: 8
Views: 2207

Re: International funds not popular at Vanguard?

Judging from the posts of late there seems to be a fair amount of regret or 2nd thoughts regarding bogleheads international equity allocation. I have never embraced the idea of 30 to 56% int'l equity allocation for a number reasons that are irrelevant...

[Political comments removed by admin LadyGeek]

I believe international performed better in 2003 to 2008......and it has gone the other way from 2008 until present.
by riskonoff
Tue Jul 09, 2013 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Good Trading School in NYC?
Replies: 9
Views: 1530

Re: Good Trading School in NYC?

Atomic Phil...good luck...if you want it bad enough you will get it done.

As always, have a plan B and if you make money....save it and live responsibly. The downfall of a lot of successful traders is they don't manage their money like 'Bogleheads' and they make some make some bad decisions in their personal life. I have always assumed that my trading career could be over tomorrow.....

As we say In Chicago...Free markets for Free Men....it is an exciting career that offers independence and a new challenge every day.
by riskonoff
Mon Jul 08, 2013 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Good Trading School in NYC?
Replies: 9
Views: 1530

Re: Good Trading School in NYC?

Hey Edge...you come to my neighborhood I will drive you around some traders houses....Coming from Virginia I doubt you understand the Chicago trading culture. To the OP...don't buy a trading course for $5k and trade with a $25k account. You will most likely lose. However, as I stated find a mentorship program that will back you financially. It is like going to Vegas and playing blackjack with the Houses money, getting trained, and you get a 'cut' of the profit and no risk to your capital....sounds o.k. to me. Anyway, it amuses that so many people on this forum dismiss trading without a thought. With my Passive Portfolio my daily swings are $10k to $20k a day (which I am comfortable with). With trading I generally try to make $1k a day and l...
by riskonoff
Sun Jul 07, 2013 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Good Trading School in NYC?
Replies: 9
Views: 1530

Re: Good Trading School in NYC?

I am from Chicago and have been an independent trader since the late 80's. My advice to you is to find a firm (perhaps small prop shop)that will train you and then back you financially . I don't have any names but I have a few younger friends that have taken this route. I think if a firm has a financial stake in you they will be much more serious about properly training you. If you have a quantitative background you should be able to find a decent opportunity. In the past year or so I have had to reinvent myself a bit as a trader. I am trying to become more of a 'trend' trader and 'automate' my strategies as much as I can. This has introduced me to the 'trading education' industry and let me say that at least 80% of the stuff out there is o...
by riskonoff
Fri Jun 28, 2013 9:21 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - Increasing International Equity %
Replies: 63
Views: 9462

Re: Vanguard - Increasing International Equity %

I have less than 10% of my equity allocation to int'l. I love Vanguard and have been a loyal customer for 25 years. However, I don't listen to everything they say. In 2006/07 I had a windfall of sorts and the vanguard financial planner said to put all of it in equities. I ignored his advice knowing full well we were at all time highs. It just felt too risky and CD's were yielding over 5%....Not listening to Vanguard in '06/'07 allowed me to buy laddered CD's over 5% and be a scale down buyer of VTI in '08/'09. If you told the Vanguard CFP that you have a long time horizon I don't see it as wrong to rec. more equities. BTW, don't have the data In front of me, my would guess you would have made out well just following their advice and just r...
by riskonoff
Thu Jun 27, 2013 10:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - Increasing International Equity %
Replies: 63
Views: 9462

Re: Vanguard - Increasing International Equity %

I have less than 10% of my equity allocation to int'l. I love Vanguard and have been a loyal customer for 25 years. However, I don't listen to everything they say. In 2006/07 I had a windfall of sorts and the vanguard financial planner said to put all of it in equities. I ignored his advice knowing full well we were at all time highs. It just felt too risky and CD's were yielding over 5%....Not listening to Vanguard in '06/'07 allowed me to buy laddered CD's over 5% and be a scale down buyer of VTI in '08/'09.

One of my favorite songs is "I did it my way"......I may slowly bump up my int'l to 20% but cannot see myself going beyond that...
by riskonoff
Fri Jun 21, 2013 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Career as a trader
Replies: 32
Views: 4776

Re: Career as a trader

FYI, I am a Boglehead and I invest my money like a boglehead..the big thing is keeping costs low and being diversified. I do use a little tactical trading on my portfolio but on only a very modest amount of my net worth. The key to Trading like being a Boglehead is keeping it simple. I would not recommend trying to trade futures on your own with a $25k account. You will probably lose. However, if you can find a group or person to mentor you and then trade their capital then you have a fighting chance. One thing good about trading is that you can trade a 'simulated account' and learn the ropes. Obviously, trading a sim account is totally different than trading a live account but it is a good way to learn. Look at NinjaTrader to get a Sim acc...
by riskonoff
Thu Jun 20, 2013 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Career as a trader
Replies: 32
Views: 4776

Re: Career as a trader

I have traded for over 20 years. I began working on the floor of the CBOT in the mid 1980's. I have traded electronically from an office since 2001. I am from Chicago and I trade my own capital. The trading business has changed dramatically over the past 5 years and I guess it is always changing. I could write a book about my experience as a trader. I have seen guys who have it 'big' on the floor and traded as big as the wall street firms. I was in a room with a guy who made $250k on the sunday night that lehman collapsed in 2008. In 2006 I knew a 28 year old kid who made $6 mln dollars. I have a friend who started a high frequency firm and probably is a billionaire. My first year of trading I made over $250k and for over 10 years I never h...
by riskonoff
Sun May 26, 2013 11:40 am
Forum: Investing - Theory, News & General
Topic: C'mon international rise!
Replies: 51
Views: 8011

Re: C'mon international rise!

I am sorry that you listened to the 'gurus' on this site that suggested 30 to 56% International. I did not listen to them and instead I followed my plan. I have roughly 8% of my equity allocation dedicated to international. I am now reinvesting all dividend, interest, cap gain income, and much of 'new capital' into international equities (VXUS)....Hence, I am turning ON Risk for the international sector after having turned it OFF several years back.

Market timing does work, however, you have to be good and it does not work all the time.
by riskonoff
Fri May 17, 2013 10:22 pm
Forum: Investing - Theory, News & General
Topic: "Staying the Course"
Replies: 27
Views: 3884

Re: "Staying the Course"

Taylor Larimore wrote:Bogleheads:

Our mentor, Jack Bogle, wrote in Common Sense on Mutual Funds: "Stay the Course is the most important single piece of wisdom I can give you."

Stay the Course are also the last three words in the last chapter of The Bogleheads' Guide to Investing.

Vanguard concurs:

Staying the Course

Best wishes.
Taylor
I have been off the Form for awhile because I just could not stand the redundant self promotion and the same boring discussions, staying the course has been 'berry berry' good to me. risk remains ON...enjoy the summer and greetings from chicago...sorry to those who have been heavily weighted to VXUS (international)....you can't win em all.
by riskonoff
Fri May 17, 2013 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Any Tax Loss Harvesting Experts?
Replies: 4
Views: 1200

Re: Any Tax Loss Harvesting Experts?

How can u have any losses in this environment.... :D
by riskonoff
Tue Jan 22, 2013 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: More reasons I'd never pay prepay a mortgage
Replies: 72
Views: 7721

Re: More reasons I'd never pay prepay a mortgage

best decision i made was paying off my mortgage in the late 90's. Essentially avoided the internet bubble and was able to make good financial decisions during the early 2000 bear mkt and the 2008/09 mkt. collapse. Plus it equaled buying bonds probably above 6%.

I grew up with absolutely no money (9 kids in my family)....almost have a depression era mentality. plust i am in the trading business and never know what is around the corner. with stocks elevated up here...i would pay off your debt.
by riskonoff
Fri Aug 10, 2012 9:44 pm
Forum: Investing - Theory, News & General
Topic: Why I choose "The Majesty of Simplicity" for my signature
Replies: 42
Views: 31171

Re: Why I chose "The Majesty of Simplicity" for my signiture

I like the idea of the Majesty of Simplicity for investing and trading and life in general. For investing....low cost index funds that feature broad diversification amongst a broad range of asset classes (not so enamored with the int'l stuff though). For debt....pay it off For trading....strict money management. the market can stay irrational a lot longer than you can stay solvent. the trend is your friend. best to participate in the market than anticipate what the market is going to do. Tactical investing...buy low and sell high. Read 4 pillars of investing and when the bear roars its head.....buy....buy.....buy....stuff is on sale. Finally, be fearful when people are greedy and greedy when people are fearful (Warren Buffet). Greetings fro...
by riskonoff
Sat Aug 04, 2012 1:32 pm
Forum: Investing - Theory, News & General
Topic: worth watchin...dr. burry ucla
Replies: 26
Views: 3502

Re: worth watchin...dr. burry ucla

From the forum policies We also request that you be considerate of our readers and: ... - refrain from posting naked links - all links should include an explanation or excerpt unless its meaning is clear from the context ... Moderators may edit titles, reformat or even delete posts that do not follow these guidelines. If the OP (or someone else) won't post at least a short comment on what this video covers, the thread will be removed. I posted this because i think it is good to get different perspective on things. i think many bogleheads are too extreme in their views and unable or unwilling to listen to someone who may see the world diffently than they do. I have many boglehead traits but i have also traveled 'the road less traveled' and ...
by riskonoff
Sat Aug 04, 2012 1:15 pm
Forum: Personal Consumer Issues
Topic: Vanguard website new look
Replies: 56
Views: 8391

Re: Vanguard website new look

new website is horrible.

i am on the site almost everyday. no reason to change it.

maybe i will get used to it....
by riskonoff
Fri Jun 22, 2012 9:56 pm
Forum: Investing - Theory, News & General
Topic: so what if i wanted to learn day trading
Replies: 103
Views: 10630

Re: so what if i wanted to learn day trading

As far as posting my next 20 trades. I will have probably 20 trades done by Monday morning at 10 am. I trade the Dow and S&P futures and I will be at it when Asia opens up this Sunday night at 5 pm. I will be shorting stocks early in Asia and expect a significant rebound during U.S. hours on Monday morning. Got those 20 trades done yet? Would love to see. i have not been on this Forum for the past several weeks. as far as my trades are concerned. i live and breath the market. i do a ton of homework but i will be the first to tell you many times that i have no clue where the market is going. i let the market tell me where it is going and i react. this is the wayi have traded for over 20 years. again, if you have doubts about trading com...
by riskonoff
Fri Jun 22, 2012 9:41 pm
Forum: Personal Investments
Topic: Foreign Asset allocation
Replies: 21
Views: 2383

Re: Foreign Asset allocation

a lot of people of this Forum have 50% of their equity allocation allocated to international equities. i am not one of those. i have a feeling that they are questioning that decision right now.

i was under 10% and recently increased it to 15%. buy, hold, and re-balance assumes that countires will be governed properly. that has not been the case (i.e Greece and other countires in Europe).

i think for the most part Vanguard goes with 30% international equity allocation.
by riskonoff
Mon Jun 11, 2012 9:19 pm
Forum: Investing - Theory, News & General
Topic: Currency Trading for Dummies
Replies: 10
Views: 2284

Re: Currency Trading for Dummies

I came here via a search. My parents know a retired nuclear engineer who now works for himself as a currency trader. He seems to be very wealthy and works out of his big house on the hill, etc, etc. Is it really a fools game? Or is this something one could make a lot of money doing? Is it worth investigating as a career? I'm curious about it. Well, there are lots and lots of fools for every consistent currency trader out there. Like any job, the very best will make a lot of money, only unlike a wage job, most of the rest lose everything instead of getting a small paycheck. If you're serious about a career in trading, I recommend working for a trading firm first so that you can lose their money before you lose your own. first time i read th...
by riskonoff
Sat Jun 02, 2012 3:11 pm
Forum: Investing - Theory, News & General
Topic: so what if i wanted to learn day trading
Replies: 103
Views: 10630

Re: so what if i wanted to learn day trading

The unique thing about day trading skill is that it's just so easily provable. If you really can do it, simply post your next 20 trades to this thread right after you make them. Then a quick statistical test will show if you have skill or not. If all you have is excuses as to why spending 5-10 minutes doing this is impossible, you have zero credibility in my mind. Zero credibility? I grew up 8 miles west of the CBOT. 9 kids and absolutely no money. I have a decent amount of money now and it is all because of trading. I started working at the CBOT when i was 16 years old. I am 46 today. A lot of my friends have had long trading careers and are still at it in their 50's. Some of them have in fact made a tremendous amount of money and still a...
by riskonoff
Sat Jun 02, 2012 2:48 pm
Forum: Investing - Theory, News & General
Topic: so what if i wanted to learn day trading
Replies: 103
Views: 10630

Re: so what if i wanted to learn day trading

thanks. i will check out these books.
by riskonoff
Sat Jun 02, 2012 11:43 am
Forum: Investing - Theory, News & General
Topic: so what if i wanted to learn day trading
Replies: 103
Views: 10630

Re: so what if i wanted to learn day trading

I have been a professional trader for over 20 years. I have always traded my own money. I made a lot of money trading treasuires (yield curve). I worked on the floor of the CBOT for 15 years and have traded electronically for 10 years. I got out of trading in 2011 to become a Financial Advisor. I returned to trading this past month. The FA gig was not to my liking. I am presently trading primarily the S&P and Dow futures (CME group). In 2005, I sat in the same room as a 28 year old kid that made $6 mln dollars in one year trading treasury futures. I grew up with a trader that started a High Frequency trading firm and he is now a billionaire. Yes, a billionare. Trading is very very hard. I wish i could do something else, but this is wha...
by riskonoff
Sat Jun 02, 2012 11:24 am
Forum: Investing - Theory, News & General
Topic: so what if i wanted to learn day trading
Replies: 103
Views: 10630

Re: so what if i wanted to learn day trading

My brothers friend is a Turtle trader (trained by Richard Dennis). He is a CTA and has a very good track record over a long period of time (25 plus years). I am not that familar with what he does but it is a trend following type system that trades many different markets.

Can I ask you what the names of the books are?
by riskonoff
Fri Jun 01, 2012 8:35 pm
Forum: Investing - Theory, News & General
Topic: Should I buy Facebook?
Replies: 21
Views: 2782

Re: Should I buy Facebook?

to the unfortunate johnny Q public that bought the Facebook IPO, all I have to say is 'welcome to Wall Street'. For a lot of people Facebook went from a trade to a long term holding in their portfolio.
by riskonoff
Fri Jun 01, 2012 5:11 pm
Forum: Investing - Theory, News & General
Topic: so what if i wanted to learn day trading
Replies: 103
Views: 10630

Re: so what if i wanted to learn day trading

I was very fortunate to have success and in general traders have limited shelf lives. Is that because the traders lose their skills as they gain experience trading, or because they were fortunate in the first place to make money? i don't think they lose their skill level necessarily but the markets change and traders can have a tough time adapting. Certain markets fit a traders skill level. The trader that made $6 mln in 2005 did very well in a low volatility trading enviroment. He traded huge size and the market never moved much. He has struggled since 2008/09 and there is no way that he could trade today like he did in 2005. He would not last. As I mentioned, trading is hard but their is huge upside if you are good and willing to take ri...
by riskonoff
Fri Jun 01, 2012 10:40 am
Forum: Investing - Theory, News & General
Topic: Why 'Sell in May' doesn't work for investors
Replies: 37
Views: 4999

Re: Why 'Sell in May' doesn't work for investors

selling in late march/early april has worked 3 years in a row.....i rebalanced in late March with S&P above 1400 and 10 year yield around 2.3%. Hard to believe that worked out so well.
by riskonoff
Thu May 31, 2012 7:58 pm
Forum: Investing - Theory, News & General
Topic: so what if i wanted to learn day trading
Replies: 103
Views: 10630

Re: so what if i wanted to learn day trading

I have been a professional trader for over 20 years. I have always traded my own money. I made a lot of money trading treasuires (yield curve). I worked on the floor of the CBOT for 15 years and have traded electronically for 10 years. I got out of trading in 2011 to become a Financial Advisor. I returned to trading this past month. The FA gig was not to my liking. I am presently trading primarily the S&P and Dow futures (CME group). In 2005, I sat in the same room as a 28 year old kid that made $6 mln dollars in one year trading treasury futures. I grew up with a trader that started a High Frequency trading firm and he is now a billionaire. Yes, a billionare. Trading is very very hard. I wish i could do something else, but this is what...
by riskonoff
Fri May 25, 2012 8:25 pm
Forum: Investing - Theory, News & General
Topic: Proper Bond Allocation
Replies: 12
Views: 1809

Re: Proper Bond Allocation

livesoft wrote:It's pretty simple really: The folks at Vanguard are not Bogleheads.
very true. i had Vanguard review my portfolio in 2007 and they suggested i have a 90% equity allocation. At the time I had 30% equity allocation. Thankfully, I increased it to 40% in 2007 and was able to make good decision's when the meltdown occured in 2008/09. I was in a very good finacial situation in 2007 and there was no reason for me to take that type of risk.

The typical CFP at Vanguard knows very little about risk.
by riskonoff
Thu May 24, 2012 7:56 pm
Forum: Investing - Theory, News & General
Topic: What would a Greek boglehead do?
Replies: 73
Views: 6706

Re: What would a Greek boglehead do?

dkturner wrote:
riskonoff wrote:good question.

hopefully it would mean he/she would have a very diversified low cost global portfolio.

I think the major risk of being a Boglehead is political. If your government is not effective then it makes it difficult for your country to prosper and your markets to work.
Does a Greek Boglehead really need to invest outside Greece to have a diversified portfolio? I realize it's ok to invest maybe 20% to 40% of equity exposure outside of Greece, but is it really necessary?
personally i only have 12% of my equity allocation in international equities. however, if i lived in a political unstable country (such as Greece) i would have much more (maybe 70%) in international equity exposure.
by riskonoff
Thu May 24, 2012 7:41 pm
Forum: Investing - Theory, News & General
Topic: What would a Greek boglehead do?
Replies: 73
Views: 6706

Re: What would a Greek boglehead do?

good question.

hopefully it would mean he/she would have a very diversified low cost global portfolio.

I think the major risk of being a Boglehead is political. If your government is not effective then it makes it difficult for your country to prosper and your markets to work.
by riskonoff
Thu May 17, 2012 9:33 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on current market climate
Replies: 46
Views: 5676

Re: Thoughts on current market climate

Markets today always go further than you think. My guess is that this correction has a way to go but will be a buying opportunity. It has been way to of an orderly sell off thus far and I see very little signs of capitulation.

I rebalanced in March and brough my equity allocation from 52% down to 40%. I would have brought my equity allocation down more but bonds did not seem very attractive (i guess they were though). I invest must less (just 12%) in international equities. I am thankful i did not jump on the international bandwagon.
by riskonoff
Fri May 11, 2012 10:53 am
Forum: Investing - Theory, News & General
Topic: JPMorgan Chase loses $2 Billion
Replies: 34
Views: 3687

Re: JPMorgan Chase loses $2 Billion

I worked for JPM in the 90's.

The last man standing (Jamie Dimon) just got knocked down. He'll get back up.

I really don't buy any individual stocks, but I bought JPM at 37 on the open. Put in a GTC order to sell it at 42.

Cheers!
by riskonoff
Thu May 10, 2012 5:02 pm
Forum: Investing - Theory, News & General
Topic: JPM down 5%
Replies: 0
Views: 778

JPM down 5%

Some bad bets for JPM...reported after the close today.

http://online.wsj.com/article/SB1000142 ... malertNEWS
by riskonoff
Fri Apr 27, 2012 8:29 pm
Forum: Personal Consumer Issues
Topic: Carl Sagan
Replies: 47
Views: 5627

Re: Carl Sagan

I am glad the name of Carl Sagan was mentioned.

In the past few days I have watched a great deal of his work on youtube and it is very interesting. i will be reading his books in the next few weeks and watching his works..............somehow i was not familar with him.

thank you!
by riskonoff
Wed Apr 18, 2012 2:29 pm
Forum: Investing - Theory, News & General
Topic: New Permanent Portfolio Book Available for pre-order.
Replies: 17
Views: 2799

Re: New Permanent Portfolio Book Available for pre-order.

When you have 9 kids in your family and you are the son of a Chicago Police Offer, you learn to follow the rules. When you worked over 20 years on the exchange floor, you learn to follow the rules.

Alex changed the rules and gave this person preferential treatment. This was blatant advertising and self promotion.
by riskonoff
Wed Apr 18, 2012 12:51 pm
Forum: Investing - Theory, News & General
Topic: New Permanent Portfolio Book Available for pre-order.
Replies: 17
Views: 2799

Re: New Permanent Portfolio Book Available for pre-order.

Alex Frakt wrote:A quick note those who have reported this thread. Yes, it's technically in violation of our policies, but we do take into account a person's contributions to the forum. After a couple of thousand posts on this topic here, I think the OP has shown he's not just in this for a quick buck.
Unbelievable Alex!

Different rules for different folks. Sorry, I grew up on the wrong side of the tracks and i don't like to see anyone get special treatment. Seen too much of it in my life.
by riskonoff
Tue Apr 17, 2012 7:24 pm
Forum: Investing - Theory, News & General
Topic: Whats out of favor now?
Replies: 71
Views: 6071

Re: Whats out of favor now?

EFA and foreclosed homes in good neighberhoods.

I have several friends that are very wealthy and they are buying foreclosed homes in the Chicago area. They are doing this for investment reasons and also doing it to put people (friends and family) to work.
by riskonoff
Mon Apr 16, 2012 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Penn State Honors College Vs. Cornell ... Thank you! Post #1
Replies: 116
Views: 22102

Re: Penn State Honors College Vs. Cornell

tough choice and you should feel proud that your son has these 2 fine options.

i would recommend PSU honors college. You also have to factor in that graduate school could be another cost for him sometime down the road.

i think a college choice is very important, however, i think it is more important that your son is hungry for success and is willing to go the extra yard to move ahead in this world. Also a dose of optimism, luck, and perserverance are all very important. The choice of school is often times overrated in my opinion.
by riskonoff
Thu Apr 12, 2012 5:05 pm
Forum: Investing - Theory, News & General
Topic: Im so impressed with CNBC
Replies: 26
Views: 3581

Re: Im so impressed with CNBC

Random Musings wrote:CNBC's finest moment was when they wore party hats when the NAZ hit 5,000.

RM
wonder if larry kudlow will ever get to wear the Dow 50,000 hat. Here is the video....

http://www.huffingtonpost.com/huff-tv/a ... 08480.html

As a trader I watched Bloomberg TV and CNBC and usually had it muted 95% of the time. It can be entertaining though, here is another classic....


http://www.youtube.com/watch?v=zp-Jw-5Kx8k
by riskonoff
Tue Apr 10, 2012 9:15 pm
Forum: Investing - Theory, News & General
Topic: Introducing the Efficient Fund Hypothesis (EFH)
Replies: 16
Views: 1718

Re: Introducing the Efficient Fund Hypothesis (EFH)

I met with my accountant today and i was explaining my investment philosophy and the importance I placed on keeping my investment costs low. He explained to me that many of his clients have very little in the way of dividend income because the mutual fund fees eat up a good portion of their dividend income. I know mutual fund fees are 'quietly taken from dividend income'. How about AUM fees? In my short experiement as a FA, I saw that many of the 'model portfolios' held 2% cash. I assume the AUM fees are taken away from this 2% cash on a quarterly basis. The guy I worked with charged 1.5% AUM and at least another 1% in actively managed fund fees. Lastly, he charged another $250 or so for transactions costs per year. Can I assume that: 1.5% ...
by riskonoff
Mon Apr 09, 2012 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Bernstein's FOUR PILLARS Book
Replies: 10
Views: 1809

Re: Bernstein's FOUR PILLARS Book

my favorite book. i would have him read sections of the book and then discuss it with him. keep it simple for him.

he may tell you to scram, but it is worth a shot. good father/son stuff.
by riskonoff
Sat Apr 07, 2012 11:29 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle chimes in on CNN Money
Replies: 16
Views: 2787

Re: Jack Bogle chimes in on CNN Money

nirvines88 wrote:the CNN Money reporter seemed incredulous at times
she is brutal. she states that some people have lost 50% of their wealth in the last year. what market is she looking at. maybe she has all her money in natural gas.

my portfolio is pretty much at all time highs.
by riskonoff
Fri Apr 06, 2012 11:06 am
Forum: Investing - Theory, News & General
Topic: Allan Roth in AARP Mag - BEWARE!
Replies: 8
Views: 2609

Re: Allan Roth in AARP Mag - BEWARE!

I mentioned in a previous post that last year i became a FA. I paid and study for the Series 7 and 66 exams for myself. Originally, I had opportunities with Wirehouses and Insurance companies etc..I went to work with an Insurance company and I lasted a week. They paired me up with a CFP and he had all his clients in VA's. They wanted me to 'contact' my immediate network and I would do this 'joint selling' with the CFP. I told him that I was uncomfortable discussing this VA product to my friends and family. I did not understand it and I told him that i was a passive index investor and my philosophy was consistent with Jack Bogles and Vanguard (i did not know about the Boglehead Forum at the time). He stated that the only one getting rich fro...
by riskonoff
Wed Apr 04, 2012 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Saved 50% on my health insurance premiums
Replies: 9
Views: 1589

Re: Saved 50% on my health insurance premiums

i had a similar experience last year. saved around $5k to $6k with BCBS Illinois (High Deductible/HSA). Had Aetna before and was part of a small group and premiums went up dramatically.

0n another note, my State Farm agent called me last week about State Farm Health Insurance. Anyone have any experience (good or bad) with State Farm health insurance?
by riskonoff
Fri Mar 30, 2012 6:38 am
Forum: Investing - Theory, News & General
Topic: RIA says, "Why do you hate your wife"
Replies: 64
Views: 7750

Re: "Why do you hate your wife"

My wife is much smarter than me (U of Chicago MBA), however, she has absolutely NO interest in our investments. I gave her my Vanguard log-in information and told her to occasionally review our portfolio. She said no thanks, I trust you.

I grew up with absolutely no money and really have worried about money everday of my life. My wife grew up rather affluent and has not thought about money one day of her life. Her Father was not around much when she was growing up and almost worked himself to death. She saw firsthand the destructive force of chasing the almighty dollar. Hence, this could explain her lack of interest in our portfolio and money in general.