Search found 1910 matches

by Caduceus
Wed Jul 17, 2019 7:39 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 451
Views: 34846

Re: Talk me out of buying a Tesla Model 3

If your goal is to prevent yourself from buying something expensive, consider that it's an immoral purchase. It's worked for me many times. Think about how much of that money could go toward something that would actually matter - you could feed someone poor, help a child in a war-torn country, save...
by Caduceus
Wed Jul 17, 2019 7:11 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 451
Views: 34846

Re: Talk me out of buying a Tesla Model 3

If your goal is to prevent yourself from buying something expensive, consider that it's an immoral purchase. It's worked for me many times. Think about how much of that money could go toward something that would actually matter - you could feed someone poor, help a child in a war-torn country, save ...
by Caduceus
Mon Jul 15, 2019 12:04 pm
Forum: Investing - Theory, News & General
Topic: Why factor investing isn't working
Replies: 465
Views: 18888

Re: Why factor investing isn't working

It's funny that after pages and pages of commentary, people assume they know what analytical categories they are using, and they don't. Pick any random annual report, open it, read it, and then you tell me if the company can be neatly sorted into a "value" or "growth" bucket based on its P/E ratio o...
by Caduceus
Mon Jul 15, 2019 5:57 am
Forum: Investing - Theory, News & General
Topic: Why factor investing isn't working
Replies: 465
Views: 18888

Re: Why factor investing isn't working

But, why wouldn’t efficient markets arbitrage away the equity premium? If all you are saying is that it is possible that at some absurdly high level of equity prices and some very reasonably low level of bond prices, that bonds will outperform or provide the same level of return as a broad basket o...
by Caduceus
Sun Jul 14, 2019 5:21 pm
Forum: Personal Consumer Issues
Topic: Should I knowingly buy a fake antique?
Replies: 26
Views: 2462

Re: Should I knowingly buy a fake antique?

If you like it, buy it. Whether it's old or not, it's still art. And who knows, maybe you're wrong and it really is an antique? :wink: I wish! :D It would be so nice to be one of those people who bought something or $1 and then discovered it was worth millions. I am constantly surprised by the numb...
by Caduceus
Sun Jul 14, 2019 9:00 am
Forum: Personal Consumer Issues
Topic: Should I knowingly buy a fake antique?
Replies: 26
Views: 2462

Re: Should I knowingly buy a fake antique?

Why not just buy it from the seller who acknowledges they are modern reproductions? Or from the local craftsmen directly? The seller who acknowledges they are modern sculptures does not have this piece. These are handcast bronzes using the lost-wax process. Each item is individually carved in wax, ...
by Caduceus
Sun Jul 14, 2019 8:38 am
Forum: Personal Investments
Topic: Portfolio Review for a Non Resident in the US
Replies: 5
Views: 440

Re: Portfolio Review for a Non Resident in the US

Reason for not utilizing entire 401k/tax advantage accounts: I want to minimize the risk of having money tied to US. Like I said, I cannot plan a long term stay in the US. If I were to change employers and get a better match, I will take advantage of that. This might be a wrong idea. Even if you ar...
by Caduceus
Sun Jul 14, 2019 8:16 am
Forum: Personal Consumer Issues
Topic: Should I knowingly buy a fake antique?
Replies: 26
Views: 2462

Should I knowingly buy a fake antique?

I recently came across a handmade/hand-cast bronze sculpture. The seller (who incidentally has 100% positive approval ratings on Ebay) claims the piece is about 100 years old. It almost certainly isn't. The thing is, regardless of whether they are antique, these pieces are unique and made by local c...
by Caduceus
Sat Jul 13, 2019 8:45 pm
Forum: Personal Consumer Issues
Topic: "Objective" Importance of Keeping Your Physicians?
Replies: 54
Views: 3887

Re: "Objective" Importance of Keeping Your Physicians?

It seems odd that for one of the most important things in your life : your whole body - that you don’t really care about who does what. However, people seem to highly prize a plumber or a mechanic - if there is a place to make an error, I would it rather be with my car or my plumbing than with my b...
by Caduceus
Sat Jul 13, 2019 8:25 pm
Forum: Investing - Theory, News & General
Topic: Why factor investing isn't working
Replies: 465
Views: 18888

Re: Why factor investing isn't working

I always find it curious how people are so skeptical of factors but they have unshakeable faith in the equity premium, despite the fact that stocks and bonds are just as easy to trade and, theoretically, efficient markets ought to arbitrage away the difference. I’m fine with that as it prevents the...
by Caduceus
Sat Jul 13, 2019 7:29 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 26921

Re: Americans believe they need $1.7 million, on average, to retire

Retiring earlier doesn't mean living longer, so not sure why you're making the comparison to getting more years of life. I think the best scenario is reaching a balance where you work (doing something that you're ok with overall), continue to make money, and have a decent amount of time for leisure...
by Caduceus
Sat Jul 13, 2019 6:56 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 26921

Re: Americans believe they need $1.7 million, on average, to retire

Hmm, I just read about Arne Sorensen, CEO of Marriott, who got diagnosed with pancreatic cancer. Reminded me of Steve Jobs. We are dying every day. I think it's silly to want/need an insanely huge amount of money before you are ready to enjoy life. My goals are very simple. I value my time much mor...
by Caduceus
Sat Jul 13, 2019 6:37 pm
Forum: Investing - Theory, News & General
Topic: Five Nobel Laureates Recommend The Market Portfolio
Replies: 58
Views: 6245

Re: Five Nobel Laureates Recommend The Market Portfolio

Ha, it’s true Berkshire is large, but he hasn’t even been able to match the SP500 in the last 10 years! Re the other claim, do you have a cite? Doesn’t really sound like Buffett, he’s a pretty humble guy for being the best investor of our time...maybe that’s part of his secret sauce ;-) I've read h...
by Caduceus
Sat Jul 13, 2019 6:27 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 26921

Re: Americans believe they need $1.7 million, on average, to retire

Hmm, I just read about Arne Sorensen, CEO of Marriott, who got diagnosed with pancreatic cancer. Reminded me of Steve Jobs. We are dying every day. I think it's silly to want/need an insanely huge amount of money before you are ready to enjoy life. My goals are very simple. I value my time much more...
by Caduceus
Sat Jul 13, 2019 6:20 pm
Forum: Investing - Theory, News & General
Topic: Five Nobel Laureates Recommend The Market Portfolio
Replies: 58
Views: 6245

Re: Five Nobel Laureates Recommend The Market Portfolio

I don't understand why we should care about what Nobel Laureates think about this matter though. Shouldn't we look at the people who have actually made a lot of money with their market porfolios over insanely long periods of time? Did Eugene Fama, Robert Shiller, and any of these Nobel Laureates ac...
by Caduceus
Sat Jul 13, 2019 6:17 pm
Forum: Investing - Theory, News & General
Topic: What’s the value of a company whose capital expenditures are so high that it can’t achieve positive free cash flows?
Replies: 9
Views: 994

Re: What’s the value of a company whose capital expenditures are so high that it can’t achieve positive free cash flows?

Well, if you think a company will never achieve positive free cash flows, then you will not invest in it unless you are offered such a compelling price to the fair value of its assets that you believe you can make money from it. I do not know anything about utilities, but take a look at Buffett's an...
by Caduceus
Sat Jul 13, 2019 6:04 pm
Forum: Investing - Theory, News & General
Topic: Five Nobel Laureates Recommend The Market Portfolio
Replies: 58
Views: 6245

Re: Five Nobel Laureates Recommend The Market Portfolio

I don't understand why we should care about what Nobel Laureates think about this matter though. Shouldn't we look at the people who have actually made a lot of money with their market porfolios over insanely long periods of time? Did Eugene Fama, Robert Shiller, and any of these Nobel Laureates ach...
by Caduceus
Sat Jul 13, 2019 5:54 pm
Forum: Personal Consumer Issues
Topic: Being given charity that I don't need
Replies: 51
Views: 4631

Re: Being given charity that I don't need

I have solved the mystery. I mentioned this in passing to my boyfriend only today and he said that maybe it was because he had given her a ride to the emergency room a while back and stayed with the lady for the entire afternoon to give her a ride back to her home. He did not mention to me that he h...
by Caduceus
Sat Jul 13, 2019 5:25 pm
Forum: Personal Investments
Topic: Portfolio Review for a Non Resident in the US
Replies: 5
Views: 440

Re: Portfolio Review for a Non Resident in the US

You will have to decide if your portfolio is too conservative, but otherwise it sounds good to me. If you are in a very high bracket, there are situations in which it would make sense to contribute to tax protected accounts to get the tax benefit. Since the U.S. tax on NRA non-effectively connected ...
by Caduceus
Sat Jul 13, 2019 5:09 pm
Forum: Personal Investments
Topic: Inheritance money - all in the market or slowly put in?
Replies: 16
Views: 2282

Re: Inheritance money - all in the market or slowly put in?

You won't know what was optimal until you finish the process. If the market keeps roaring higher, putting in the money all in is obviously the better strategy. Warren Buffett, the smartest financial mind the world has ever produced, disagrees with conventional financial advice. He says that investor...
by Caduceus
Sat Jul 13, 2019 4:49 pm
Forum: Personal Investments
Topic: "Steelmanning" the case for owning individual stocks
Replies: 95
Views: 8274

Re: "Steelmanning" the case for owning individual stocks

The idea of basing an investment strategy on a stock's volatility is absurd. At the end of the day, a stock represents fractional ownership in a company, and it is that company's fundamental business performance and future prospects that will determine the stock's long term price. If the company get...
by Caduceus
Fri Jul 12, 2019 12:02 pm
Forum: Personal Investments
Topic: Should I sell?
Replies: 7
Views: 736

Re: Should I sell?

Trust Your Gut :idea: My gut isn't telling me anything. I generally dislike strongly rising markets and distrust them. I am most at home when stock prices fall sharply because I am still young. So I am feeling a little disturbed now. But I also know that investment theory shows that people tend to ...
by Caduceus
Fri Jul 12, 2019 11:55 am
Forum: Personal Investments
Topic: Should I sell?
Replies: 7
Views: 736

Should I sell?

Part of my portfolio is actively managed. Recently this has all been in a single stock that I've researched. With the recent market run-up, it has now returned 47% over the last 14 months. I've sold off 25% of the position and still have 75% of it left. It feels giddy watching it run up day after da...
by Caduceus
Thu Jul 11, 2019 1:51 pm
Forum: Personal Investments
Topic: Is it hard to capture tiny profits trading if you are not greedy?
Replies: 26
Views: 2051

Re: Is it hard to capture tiny profits trading if you are not greedy?

livesoft wrote:
Thu Jul 11, 2019 1:36 pm
It was a good lesson to learn. :)
:( :( :( :( :(
by Caduceus
Thu Jul 11, 2019 1:03 pm
Forum: Personal Investments
Topic: Is it hard to capture tiny profits trading if you are not greedy?
Replies: 26
Views: 2051

Re: Is it hard to capture tiny profits trading if you are not greedy?

I thought I would post an update with my real money experiment. Unfortunately, things have not worked out, so I am posting it here to make the embarassment doubly huge and public so that I remember the lesson. I sold 1,000 shares of a stock and kept the proceeds in cash, telling myself that I would ...
by Caduceus
Wed Jul 10, 2019 2:11 pm
Forum: Personal Consumer Issues
Topic: Which area to stay in Bangkok?
Replies: 12
Views: 1213

Which area to stay in Bangkok?

I'm going to Bangkok in August. I'm trying to book accommodations now and would appreciate advice for which area to stay in. I want to be in an area where there are food places open 24 hours (or at least open very late into the night/early morning) because I am mostly a night owl when I travel. Apar...
by Caduceus
Tue Jun 11, 2019 11:32 pm
Forum: Personal Consumer Issues
Topic: Scanning photos yourself
Replies: 19
Views: 2030

Re: Scanning photos yourself

For whatever reason, I have found scanning at the max optical resolution to make a great difference to my black-and-whites but not my color photos. If anyone knows the reason I'd be happy to know why. Post processing color enhancement will help some with those color photos. Where the higher resolut...
by Caduceus
Tue Jun 11, 2019 1:15 am
Forum: Personal Consumer Issues
Topic: Scanning photos yourself
Replies: 19
Views: 2030

Re: Scanning photos yourself

For whatever reason, I have found scanning at the max optical resolution to make a great difference to my black-and-whites but not my color photos. If anyone knows the reason I'd be happy to know why. Post processing color enhancement will help some with those color photos. Where the higher resolut...
by Caduceus
Sat Jun 08, 2019 3:06 pm
Forum: Personal Consumer Issues
Topic: Is it possible to custom build a laptop?
Replies: 26
Views: 1991

Re: Is it possible to custom build a laptop?

Yes, exactly. I had considered getting a newer Thinkpad, but the Thinkpads they had on display (I tested four different ones) all had terrible keyboards. The keys don't travel as far, don't have good tactile resistance; it's like sliding over water. Interesting that you are considering a W530. That...
by Caduceus
Sat Jun 08, 2019 2:30 pm
Forum: Personal Consumer Issues
Topic: Is it possible to custom build a laptop?
Replies: 26
Views: 1991

Re: Is it possible to custom build a laptop?

Yes, exactly. I had considered getting a newer Thinkpad, but the Thinkpads they had on display (I tested four different ones) all had terrible keyboards. The keys don't travel as far, don't have good tactile resistance; it's like sliding over water. And because the only Lenovo with a centered 15 in...
by Caduceus
Sat Jun 08, 2019 2:25 pm
Forum: Personal Consumer Issues
Topic: Scanning photos yourself
Replies: 19
Views: 2030

Re: Scanning photos yourself

One other thing I've discovered. Lots of websites say that a scan at the scanner's true optical resolution (in my case, 4800 dpi) just makes a large file without adding detail. They suggest to scan at 600dpi max. I've found this to be only partially true through trial and experimentation. At 4800 dp...
by Caduceus
Sat Jun 08, 2019 2:20 pm
Forum: Personal Consumer Issues
Topic: Scanning photos yourself
Replies: 19
Views: 2030

Re: Scanning photos yourself

How do you achieve almost complete darkness? Just in case I ever return to using my old Epson V700. I do most of my scanning at night, with the curtains drawn, and once I hit the scan button, I use a thick cardboard to block out the light that comes from my computer screen. There is some ambient li...
by Caduceus
Sat Jun 08, 2019 4:50 am
Forum: Personal Consumer Issues
Topic: Is it possible to custom build a laptop?
Replies: 26
Views: 1991

Re: Is it possible to custom build a laptop?

Why don't you just get a new ThinkPad that is probably better in every objective way ? Well I wouldn't go that far... In the older Thinkpads, the keyboards were much better in terms of ergonomics. But that design is no longer practical due to the push for thinner laptops. Yes, exactly. I had consid...
by Caduceus
Fri Jun 07, 2019 10:26 pm
Forum: Personal Consumer Issues
Topic: Scanning photos yourself
Replies: 19
Views: 2030

Re: Scanning photos yourself

So I finally took the plunge and bought a high-end Epson scanner and the results are really good... What model did you buy? What made that model attractive versus others that cost more or less? I recently went on a tour of a (Mormon) Family Research Center and saw that they had scanners available f...
by Caduceus
Fri Jun 07, 2019 10:20 pm
Forum: Personal Consumer Issues
Topic: Scanning photos yourself
Replies: 19
Views: 2030

Re: Scanning photos yourself

How do you achieve almost complete darkness? Just in case I ever return to using my old Epson V700. I do most of my scanning at night, with the curtains drawn, and once I hit the scan button, I use a thick cardboard to block out the light that comes from my computer screen. There is some ambient li...
by Caduceus
Fri Jun 07, 2019 9:28 pm
Forum: Personal Consumer Issues
Topic: Is it possible to custom build a laptop?
Replies: 26
Views: 1991

Is it possible to custom build a laptop?

Is there any point in custom-building a laptop or would it be prohibitively expensive? Has anyone tried it? I have a Thinkpad that I love and it is pretty much the only keyboard and screen that I can tolerate for hours and hours on end. But it is nearing the end of its life. Instead of buying a used...
by Caduceus
Fri Jun 07, 2019 9:23 pm
Forum: Investing - Theory, News & General
Topic: Paying back loan to 401(k): Let it happen from payroll deductions or use a HELOC to pay it back now?
Replies: 39
Views: 2118

Re: Paying back loan to 401(k): Let it happen from payroll deductions or use a HELOC to pay it back now?

You should pay back the 401k loan if your expected return from the investments inside the 401k is more than the tax-adjusted rate on your HELOC. That sounds great, but are you aware of the variability of the market over 1-5 years? How can you expect to base a decision off of that? Last year the TSM...
by Caduceus
Fri Jun 07, 2019 9:11 pm
Forum: Personal Consumer Issues
Topic: Scanning photos yourself
Replies: 19
Views: 2030

Scanning photos yourself

So I finally took the plunge and bought a high-end Epson scanner and the results are really good. I compared my scans to the ones made by a professional lab and mine are better, which makes me realize that the main limitation on getting a good scan is basically time. Here are some reasons why you mi...
by Caduceus
Thu Jun 06, 2019 1:33 pm
Forum: Personal Consumer Issues
Topic: What flagship (even used) item is better than a budget new item?
Replies: 131
Views: 7884

Re: What flagship (even used) item is better than a budget new item?

I like good toilet paper rather than the thin, cheap kind. And good toilet paper is significantly more expensive. But other than that, it is quite hard to think about when buying more expensive is better.
by Caduceus
Thu Jun 06, 2019 1:25 pm
Forum: Investing - Theory, News & General
Topic: Paying back loan to 401(k): Let it happen from payroll deductions or use a HELOC to pay it back now?
Replies: 39
Views: 2118

Re: Paying back loan to 401(k): Let it happen from payroll deductions or use a HELOC to pay it back now?

You should pay back the 401k loan if your expected return from the investments inside the 401k is more than the tax-adjusted rate on your HELOC.
by Caduceus
Thu Jun 06, 2019 1:14 pm
Forum: Investing - Theory, News & General
Topic: What is the rationale for cash in your portfolio?
Replies: 36
Views: 2676

Re: What is the rationale for cash in your portfolio?

It's fairly rational, because cash is essentially a put option on the market, so it has an imputed premium value that can exceed the return you get from investing it in things like treasuries or fixed deposits. Whether and how much you hold cash depends on the value of this cash put. When markets ar...
by Caduceus
Thu Jun 06, 2019 1:08 pm
Forum: Personal Investments
Topic: Is a Roth 401k right for me?
Replies: 28
Views: 2186

Re: Is a Roth 401k right for me?

I'd do a Roth 401k in your situation, unless you might be taking some time off for further study (like an MPA) or things like that, because if so, you could convert the traditional money to a Roth at a low tax rate during those study years. I've found while running the tax simulations that most peop...
by Caduceus
Thu Jun 06, 2019 1:03 pm
Forum: Personal Consumer Issues
Topic: Are we downsizing too much?
Replies: 63
Views: 4786

Re: Are we downsizing too much?

Stuff tends to expand to fill up the space that you occupy. I think it would be hard to downsize too much. People who live in far smaller spaces can entertain their friends and grandkids just fine. My personal preference is small but luxurious, and with high ceilings. I have very anal OCD cleaning s...
by Caduceus
Tue Jun 04, 2019 11:27 am
Forum: Personal Consumer Issues
Topic: Amazon free shipping, bait-and-switch?
Replies: 46
Views: 4343

Re: Amazon free shipping, bait-and-switch?

It's probably just some kind of bug. If you contact Amazon customer service, I am sure they will take care of it. Amazon has hands down the best customer service of any retail operation I've come across.
by Caduceus
Tue Jun 04, 2019 11:21 am
Forum: Personal Consumer Issues
Topic: Being given charity that I don't need
Replies: 51
Views: 4631

Being given charity that I don't need

I have gone to this small hole-in-the-wall place for many take-out meals over the last two years. Maybe it's because of the way I dress (I always wear the same shirt - I have many different shirts but all in the same design so perhaps it looks like I don't have money for new clothes) or perhaps beca...
by Caduceus
Tue Jun 04, 2019 11:12 am
Forum: Personal Consumer Issues
Topic: Does money/lack of money preoccupy you?
Replies: 90
Views: 8724

Re: Does money/lack of money preoccupy you?

It sounds like a fairly natural stage for you if you've just become financially aware/interested in 2018. I remember going through a few years where I spent a great deal of time reading financial forums like the Bogleheads, doing budgets, streamlining bank/investment accounts, and basically studying...
by Caduceus
Mon May 27, 2019 11:23 am
Forum: Personal Consumer Issues
Topic: Using blacklight for cleaning
Replies: 13
Views: 1428

Using blacklight for cleaning

I saw a Youtube video where people used a blacklight to uncover stains in the home and was wondering if anyone uses this to identify dirty areas in the home to clean? Is it effective? I was thinking it could be especially useful in the bathroom and bedroom to identify problem areas to really deep cl...
by Caduceus
Sun May 26, 2019 2:58 pm
Forum: Personal Investments
Topic: just starting
Replies: 13
Views: 738

Re: just starting

I think what will have the biggest long-term impact to your financial freedom is maxing out your tax-protected space. So, once you have 6-8 months of savings in cash or cash-equivalents (very short term bond funds or fixed deposits), I would prioritize shoving as many dollars as possible into the 40...
by Caduceus
Sun May 26, 2019 2:44 pm
Forum: Personal Consumer Issues
Topic: That Frugal Thing You Do
Replies: 586
Views: 138837

Re: That Frugal Thing You Do

The main money-saving idea I have is to treat every non-consumable purchase like a permanent addition to my life and evaluate the quality and cost from there. I tend to research a lot before I buy something and I pay more for quality but I don't buy stuff again for very long periods of time. This is...
by Caduceus
Sun May 26, 2019 2:39 pm
Forum: Personal Consumer Issues
Topic: That Frugal Thing You Do
Replies: 586
Views: 138837

Re: Money saving ideas?

OP, 1) IMHO, the biggest one is "Do not be House Poor". It overrules everything else. And, it affects everything else. A) It is the biggest expense for almost everyone. If a person overspends on this, it won't matter he/she saves money on anything else. The person still could not save money. B) The...