Search found 1480 matches

by z3r0c00l
Sun Nov 17, 2019 7:02 am
Forum: Personal Investments
Topic: Fitbit [stock] giving me fits
Replies: 10
Views: 935

Re: Fitbit giving me fits

The stock was on its way to zero so this is, imho, the last chance to cash out on a not so great investment, and a lucky one at that. As a shareholder in Google I think the purchase is a waste of money and they are running out of ideas so should probably just return the extra cash to us in dividends...
by z3r0c00l
Sat Nov 16, 2019 8:14 am
Forum: Personal Investments
Topic: AMRN Stock
Replies: 7
Views: 553

Re: AMRN Stock

Chart seems to have it over $1000 a share in the 90's, did it have a bunch of splits since then or has it just collapsed and puttered around since, or chart error?
by z3r0c00l
Thu Nov 14, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Are complicated credit card cash back strategies worth it?
Replies: 72
Views: 4636

Re: Are complicated credit card cash back strategies worth it?

I *really* do not think that that is discipline. It sounds more like a rationalization. Look, if optimizing credit card rewards makes you happy, you should do it. But it is a hobby that is just as likely to cost you a small amount of money (by altering your buying choices) as it is to make you a sm...
by z3r0c00l
Thu Nov 14, 2019 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Are complicated credit card cash back strategies worth it?
Replies: 72
Views: 4636

Re: Are complicated credit card cash back strategies worth it?

It is worth opening a few cards with bonuses, and then strategically using a few cards for their high % items. An extra 1% back on food, a big budget item for me which I will spend no matter what, amounts to $70 per year. Is it worth holding an extra few grams of plastic in my wallet for $70 per ye...
by z3r0c00l
Wed Nov 13, 2019 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Are complicated credit card cash back strategies worth it?
Replies: 72
Views: 4636

Re: Are complicated credit card cash back strategies worth it?

It is worth opening a few cards with bonuses, and then strategically using a few cards for their high % items. An extra 1% back on food, a big budget item for me which I will spend no matter what, amounts to $70 per year. Is it worth holding an extra few grams of plastic in my wallet for $70 per yea...
by z3r0c00l
Tue Nov 12, 2019 6:41 pm
Forum: Investing - Theory, News & General
Topic: Ally savings rate changing
Replies: 25
Views: 3508

Re: Ally savings rate changing

So happy to have locked into their 2.4% CD for 18 months. Anyway, 1.7 is still much better than my Chase checking that offers zero so Ally still gets all the money save a few thousand moving back and forth.
by z3r0c00l
Tue Nov 12, 2019 7:15 am
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 35
Views: 1567

Re: "Tax advantaged Annuity" advised for friend

Short term money belongs in a CD that matches the amount of time before spending or a bank account. Almost no money belongs in an annuity and since she was scammed once, I would advise her not to get scammed again. She has three solid streams of income for retirement and so, even the only good kind ...
by z3r0c00l
Sun Nov 10, 2019 7:13 am
Forum: Personal Investments
Topic: Timing of bond downshifting before retirement (to reduce SOR risk)?
Replies: 5
Views: 659

Re: Timing of bond downshifting before retirement (to reduce SOR risk)?

I have decided that anything within 5% and 5 years age isn't worth my effort. So every 5 years I make a shift of 5% towards the ultimate retirement target of 50/50 which I will hit around 60 years of age. Long ago I decided that a conservative AA fits my lifestyle.
by z3r0c00l
Sat Nov 09, 2019 9:13 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1027
Views: 139440

Re: Mini Milestone 100K

VAslim16 wrote:
Wed May 17, 2017 6:42 am
Just wanted to post because I hit a mini milestone today. Checked my Vanguard account and my stock holdings were just over 100K.
Congrats! I remember 100K like it was just yesterday. Keep at it and many more milestones will come, faster than you think.
by z3r0c00l
Fri Nov 08, 2019 11:11 pm
Forum: Personal Investments
Topic: Talk Me Off the Active Investing Ledge!
Replies: 34
Views: 2065

Re: Talk Me Off the Active Investing Ledge!

Consider the non-zero risk that this a scam, ponzi scheme or something similar. Those tend to be young hotshots who you hear about through affinity marketing.
by z3r0c00l
Fri Nov 08, 2019 8:01 am
Forum: Personal Consumer Issues
Topic: Is selling trees for lumber Immoral?
Replies: 33
Views: 2666

Re: Is selling trees for lumber Immoral?

What is immoral is not maintaining the forest at all, and allowing the trees to grow old, die and rot. Well this is ecologically wrong, since old growth trees, standing dead trees, and fallen trees are all essential parts of a functioning forest. Even the pits and mounds left behind from tree falls...
by z3r0c00l
Thu Nov 07, 2019 7:40 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1962
Views: 204666

Re: U.S. stocks continue to soar!

stocknoob4111 wrote:
Thu Nov 07, 2019 3:25 am
Breaking - US reportedly going to drop existing Chinese tariffs. Futures are up sharply from earlier.
Happy for this, but it feels like we are merely getting back the money we lost when the tariffs were announced.
by z3r0c00l
Wed Nov 06, 2019 10:31 pm
Forum: Personal Investments
Topic: IUL provided by employer...
Replies: 4
Views: 259

Re: IUL provided by employer...

$49,140 in taxes on a $135,000 value. I can see why that is a pain in the neck right now but in the long run it seems like you can profit off this.
by z3r0c00l
Tue Nov 05, 2019 10:06 pm
Forum: Investing - Theory, News & General
Topic: 2020 I Bonds: what's your plan?
Replies: 19
Views: 1621

Re: 2020 I Bonds: what's your plan?

I plan to buy, still have some iBonds that have a lower fixed rate and I may spend them in a bit. So replacing with .2 is better than nothing.
by z3r0c00l
Sun Nov 03, 2019 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 13521

Re: Finances in NYC

skime wrote:
Sat Nov 10, 2018 9:41 am

You'll be miserable living in Manhattan on 122k. It's a lot more expensive than you may think. If saving is a priority, stay out of NYC unless you run a bank or hedge fund.
Nonsense, hundreds of thousands of people live in Manhattan on less than $122K and they are not miserable.
by z3r0c00l
Sun Nov 03, 2019 7:37 am
Forum: Personal Investments
Topic: Monthly Dividends
Replies: 16
Views: 2174

Re: Monthly Dividends

$MAIN was a gamble that paid off nicely. If I had been so lucky, I would sell it now and get a more diversified portfolio going. Know that it could go back to $10 easily.
by z3r0c00l
Sat Nov 02, 2019 8:58 am
Forum: Investing - Theory, News & General
Topic: Bonds are confusing
Replies: 24
Views: 2449

Re: Bonds are confusing

"when I peruse financial news outlets" I think that was the mistake right there : ) We heard nothing for years but low expected returns for bonds. Then one of the best years for bonds in recent memory is upon us. You made a good choice as to asset allocation in my mind and should be confident in sti...
by z3r0c00l
Fri Nov 01, 2019 10:02 pm
Forum: Personal Investments
Topic: Do You Discount Your Retirement Number In Bull Markets
Replies: 25
Views: 2424

Re: Do You Discount Your Retirement Number In Bull Markets

I like to use long-term stock returns, inflation adjusted, when calculating this. 6% would be a good, conservative figure.
by z3r0c00l
Mon Oct 28, 2019 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Tapping Retirement Savings to Purchase a House
Replies: 23
Views: 1803

Re: Tapping Retirement Savings to Purchase a House

You may not even hit the break-even point between renting and buying in 8-10 years. (Higher cost areas tend to take longer.) Doubt the trouble and risk of buying is worth it even without the added issue of pulling money from your retirement savings. https://www.nerdwallet.com/mortgages/rent-vs-buy-c...
by z3r0c00l
Mon Oct 28, 2019 4:57 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1962
Views: 204666

Re: U.S. stocks continue to soar!

Look at a 100 year chart, log form, adjusted for inflation. This is what, the 5th biggest expansion in a century? No big deal and plenty of room left if this is like '82 - 2000 or even '49 - '65.

https://www.macrotrends.net/1319/dow-jo ... ical-chart
by z3r0c00l
Sat Oct 26, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15137

Re: I no longer plan on retiring early

A great counterpoint to the recent FIRE fad. I suspect most people in the FIRE movement a, don't have a plan on what to do after retirement, b, have no idea how much money early retirement requires, and c, can't really predict what they will want in their 50's while in their 20's. For most, it coul...
by z3r0c00l
Sat Oct 26, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15137

Re: I no longer plan on retiring early

A great counterpoint to the recent FIRE fad. I suspect most people in the FIRE movement a, don't have a plan on what to do after retirement, b, have no idea how much money early retirement requires, and c, can't really predict what they will want in their 50's while in their 20's. For most, it could...
by z3r0c00l
Sat Oct 26, 2019 9:02 am
Forum: Investing - Theory, News & General
Topic: Forex Trading
Replies: 31
Views: 2047

Re: Forex Trading

If it is such a good business, why does this company need your money? Why would they even tell you about it? Their business is trying to get your money through fees and who knows what else, forex fortunes are just the fantasy they are selling you. It could just as easily have been weight loss, a tro...
by z3r0c00l
Sat Oct 26, 2019 8:35 am
Forum: Personal Investments
Topic: Best place to park money to be used in 3 years.
Replies: 10
Views: 1652

Re: Best place to park money to be used in 3 years.

I suspect the money market and stable value fund are going to return about as much as the bond fund over 3 years, without as much volatility. Don't think you will be terribly hurt by bonds either, but to do it by the book, I see 3 years as a cash/CD/MM horizon. Can give the yields and expense ratios...
by z3r0c00l
Mon Oct 21, 2019 6:27 am
Forum: Personal Investments
Topic: High income earner waiting for a bear market to start investing
Replies: 119
Views: 12099

Re: High income earner waiting for a bear market to start investing

You earn enough money to be quite wealthy in just a few years time and won't need as much saved if you work until 80. You can afford to keep your money in CDs and short term muni bonds and just avoid stock investing entirely. (I presume that is the major concern.) Just reconcile yourself with the ot...
by z3r0c00l
Sun Oct 20, 2019 8:48 pm
Forum: Personal Investments
Topic: How do you cope with regret over selling too soon?
Replies: 72
Views: 8714

Re: How do you cope with regret over selling too soon?

I bet there were 100 times during that run up to $14 million where you would have sold. Do you think you really would have held past 500,000 or 1 million?
by z3r0c00l
Sat Oct 19, 2019 6:04 pm
Forum: Personal Investments
Topic: On the fence with I bond- do you agree with this article?
Replies: 29
Views: 2437

Re: On the fence with I bond- do you agree with this article?

Comparable return to a CD without the EWP after 5 years and is state and city tax exempt, which for a resident of NYC like myself is a major additional advantage. Plus, as its primary benefit, it is good protection against inflation. Stock like protection from inflation without any of the volatility...
by z3r0c00l
Fri Oct 18, 2019 10:23 am
Forum: Investing - Theory, News & General
Topic: Bond Investor's Dilemma
Replies: 12
Views: 1542

Re: Bond Investor's Dilemma

Already made 4 years worth of SEC yield in one year due to cap gains. That, combined with the fact that the fund now pays less than CDs of modest duration makes this an easy choice for me. Sold the bond fund for a good CD rate. The only reason to stay in bonds for me would have been speculation that...
by z3r0c00l
Thu Oct 17, 2019 6:21 am
Forum: Personal Investments
Topic: I'm an indexer, but should I be buying my companies discounted stock?
Replies: 42
Views: 3224

Re: I'm an indexer, but should I be buying my companies discounted stock?

Need to know the full details on how long you must hold the stock and any other limitations. 15% discount and 3 month term is a bargain, even a year is attractive to me unless you are working at a penny stock biotech or something super volatile.
by z3r0c00l
Tue Oct 15, 2019 5:36 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1962
Views: 204666

Re: U.S. stocks continue to soar!

Trader Joe wrote:
Tue Oct 15, 2019 5:35 pm
U.S. Stock Market continues to do great.

2,995.68 +29.53 (1.00%)
Been over 3,000 a few times now, the key is to stay there!
by z3r0c00l
Mon Oct 14, 2019 5:26 pm
Forum: Personal Investments
Topic: I-Bonds for emergency fund, now or wait?
Replies: 10
Views: 1439

Re: I-Bonds for emergency fund, now or wait?

I am all done for 2019, .5% is probably as good as it will get for a while. Would be happy to see .5% for next year but not holding breath. Would absolutely buy at .5%.
by z3r0c00l
Fri Oct 11, 2019 11:24 am
Forum: Investing - Theory, News & General
Topic: Anyone buying PG&E stock?
Replies: 60
Views: 5249

Re: Anyone buying PG&E stock?

The stock is going to zero so I wouldn't buy it at any price.
by z3r0c00l
Fri Oct 11, 2019 7:56 am
Forum: Personal Investments
Topic: 2-year CD?
Replies: 5
Views: 584

Re: 2-year CD?

We simply can't know. If it helps, I sold some bonds and purchased a CD for 36 months. The CD pays more than the bonds. If interest rates drop, I will lose out on cap gains on the bond fund, but will be locked in on a good CD rate. If rates go up, I will have saved money on the bonds but will be loc...
by z3r0c00l
Wed Oct 09, 2019 7:15 pm
Forum: Investing - Theory, News & General
Topic: INTERNATIONALS 20% of Equities or 20% of Portfolio?
Replies: 57
Views: 3663

Re: INTERNATIONALS 20% of Equities or 20% of Portfolio?

hisdudeness wrote:
Wed Oct 09, 2019 6:54 pm
I will never understand the thinking of the New Age Progressive Market Weight Zealots.
So I presume you only own 20% of the SP 500 in your mutual fund? Or are you a market weight zealot, but only domestically?
by z3r0c00l
Wed Oct 09, 2019 6:05 pm
Forum: Investing - Theory, News & General
Topic: INTERNATIONALS 20% of Equities or 20% of Portfolio?
Replies: 57
Views: 3663

Re: INTERNATIONALS 20% of Equities or 20% of Portfolio?

I’m 25% equity. I am 20% of stocks. That works out to 12% of my overall 60/40 portfolio. I find the international to be a drag on my portfolio, so I don't want to increase it. That's how you know it is working. If everything performs the same, or if everything is up at once, that is when you don't ...
by z3r0c00l
Wed Oct 09, 2019 6:15 am
Forum: Investing - Theory, News & General
Topic: Selling recently IPO'ed shares --> tips and advice?
Replies: 14
Views: 918

Re: Selling recently IPO'ed shares --> tips and advice?

I would sell half the very day you can, and then the other 50% 6 months after that (or whatever number of months gets you into the next tax year). I would do this for largely psychological reasons, to allay my fear of selling it all for a bad price as well as the fear of holding too long.
by z3r0c00l
Tue Oct 08, 2019 6:30 am
Forum: Investing - Theory, News & General
Topic: New York Life
Replies: 10
Views: 1473

Re: New York Life

Yes, I would consider huge portions of this business to be unethical. You are pressuring people to buy products that they don't need so that you can meet quotas and get the pressure off your own back. This is the nature of many businesses from time shares to used cars to insurance. It is no shock th...
by z3r0c00l
Mon Oct 07, 2019 8:14 pm
Forum: Personal Investments
Topic: Employer switching to higher fee 401k admin. What would you do?
Replies: 46
Views: 3420

Re: Employer switching to higher fee 401k admin. What would you do?

I have VOYA and, the cheap and occasionally down web page notwithstanding, the fees seem relatively reasonable. Reasonable enough that I use the 401K despite not having an employer match. Most of the options in our VOYA 401K are via State Street Global Advisers. Eager to see what you wind up with to...
by z3r0c00l
Wed Oct 02, 2019 9:52 pm
Forum: Personal Investments
Topic: I pulled out... How do I get back in?
Replies: 100
Views: 13457

Re: I pulled out... How do I get back in?

Devil's advocate: Stay out since you don't have the track record of being able to maintain a steady course. Plenty of people can make do with CDs and cash, just live a little simpler, work a little longer, etc. This isn't a more is lost through indecision scenario, more is lost by market timing atte...
by z3r0c00l
Fri Sep 27, 2019 2:36 pm
Forum: Investing - Theory, News & General
Topic: [White House deliberates block on all US investments in China]
Replies: 12
Views: 1629

Re: China stocks delisting?

Hopefully cooler heads will prevail before this happens, protectionism has already cost international investors quite a bit. And unfair trade has hurt workers and IP rights. Hopefully both sides will come to an agreement— soon. You mean those $45 per hour jobs screwing hub-caps onto cars? Yeah they...
by z3r0c00l
Fri Sep 27, 2019 1:42 pm
Forum: Investing - Theory, News & General
Topic: [White House deliberates block on all US investments in China]
Replies: 12
Views: 1629

Re: China stocks delisting?

Hopefully cooler heads will prevail before this happens, protectionism has already cost international investors quite a bit.
by z3r0c00l
Fri Sep 27, 2019 7:12 am
Forum: Personal Investments
Topic: What to do with extra $20k?
Replies: 11
Views: 1597

Re: What to do with extra $20k?

"With a recession on the horizon" you could just use the $20,000 to short the stock market. Since that is a terrible idea, and buying on the dip isn't a valid strategy, I would just put it in taxable now. You save several times that amount each year, meaning it is a nice extra but not significant in...
by z3r0c00l
Thu Sep 26, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: first house- 1 bedroom vs. 2 bedroom
Replies: 60
Views: 5130

Re: first house- 1 bedroom vs. 2 bedroom

DanMahowny wrote:
Sat Sep 21, 2019 2:34 pm
real estate in SF is textbook example of the "Greater Fool Theory".

People will laugh about this someday.
Like those outrageous Tribeca prices in the 1990's.
by z3r0c00l
Thu Sep 26, 2019 6:14 pm
Forum: Personal Investments
Topic: Retirees - do you hold extra cash for a bear market?
Replies: 93
Views: 9827

Re: Retirees - do you hold extra cash for a bear market?

Absolutely, this should be one of the first thing anyone does with savings. Establish a solid and conservative emergency fund. My plan dictates 16 months because that was the median unemployment time for my cohort in a specific industry during the great recession. I am extra conservative in not coun...
by z3r0c00l
Tue Sep 24, 2019 7:20 pm
Forum: Investing - Theory, News & General
Topic: Spike in Repo Rates [Fed Overnight Repurchase agreement]
Replies: 137
Views: 12843

Re: Spike in Repo Rates [Fed Overnight Repurchase agreement]

Tortoisesque wrote:
Tue Sep 24, 2019 7:15 pm

Again, my question is simple: Is the Fed giving the banks $75 billion or lending the banks $75 billion? A simple question should have a simple answer, with minimal technical jargon.
Zerocool wrote: Just an overnight loan.
by z3r0c00l
Mon Sep 23, 2019 6:21 pm
Forum: Investing - Theory, News & General
Topic: Spike in Repo Rates [Fed Overnight Repurchase agreement]
Replies: 137
Views: 12843

Re: Spike in Repo Rates [Fed Overnight Repurchase agreement]

Just an overnight loan. The greater availability of these loans drives the interest rates back down to the target range instead of absurd numbers like 5%. Why is 5% absurd? It's just a rate determined by the market, right? Is the market absurd, or is it communicating something important to the bank...
by z3r0c00l
Mon Sep 23, 2019 5:51 pm
Forum: Investing - Theory, News & General
Topic: Spike in Repo Rates [Fed Overnight Repurchase agreement]
Replies: 137
Views: 12843

Re: Spike in Repo Rates [Fed Overnight Repurchase agreement]

One thing I'm not yet clear on: These billions of dollars that the Fed has been injecting into the repo market this past week, has it been simply giving it to the banks (i.e., a large hand-out), or has it been lending it to the banks at below-market interest rates (i.e., a much smaller hand-out)? J...
by z3r0c00l
Sun Sep 22, 2019 6:40 am
Forum: Personal Investments
Topic: VG ST Treasury vs ST Federal Bond Fund
Replies: 4
Views: 376

Re: VG ST Treasury vs ST Federal Bond Fund

The difference in description for short-term federal is "or by federal agencies that are sponsored, guaranteed, or owned by the federal government." Short-term federal holds a blend of bonds with longer effective maturity, 2.6 vs 1.9 years, and duration 2.4 years vs 2.3 so I would expect slightly mo...
by z3r0c00l
Sat Sep 21, 2019 7:28 pm
Forum: Personal Investments
Topic: Life Cycle fund dropped bonds, how to adjust?
Replies: 14
Views: 1308

Re: Life Cycle fund dropped bonds, how to adjust?

Once again why I never buy these funds, there is way too much temptation for someone to tinker with them each year. Vanguard did it twice in recent memory, increasing international stocks and adding international bonds.
by z3r0c00l
Fri Sep 20, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 24861

Re: IT compensation comparison

TLDR: Question still stands - why don't the FAANG open software development centers across the country? Build it - they will come ... and for less money than in the Bay Area and northeast! The answer is simple. The talent doesn't want to live in nowhere areas and in fact, most people feel the same ...