Search found 12 matches

by GibsonES335
Fri Aug 16, 2019 2:13 pm
Forum: Investing - Theory, News & General
Topic: Any retired person have stocks and cash I was thinking about a 70/30
Replies: 61
Views: 5086

Re: Any retired person have stocks and cash I was thinking about a 70/30

In addition to risk tolerance, which only you know, there are a few other things which are important to know. What % of your NW is your yearly expenses? If you need to have a 4% withdrawal rate, say, you will want to make sure that you have enough of a stock allocation to minimize Risk of Ruin given...
by GibsonES335
Sun Feb 10, 2019 2:33 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th [2018]
Replies: 1020
Views: 110326

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Question for those transferring Health Savings Administrators > Fidelity. When I use the Fidelity online transfer tool and it asks me to type the name of the company I will be transferring from, it has an option for "Health Savings Administration". Is that the same as Health Savings Administrators? ...
by GibsonES335
Tue Apr 05, 2016 9:41 pm
Forum: Personal Investments
Topic: Can't decide whether to sell stocks with unrealized gains or the ones that are down a lot
Replies: 6
Views: 996

Re: Can't decide whether to sell stocks with unrealized gains or the ones that are down a lot

Thanks for the input so far guys. I guess the issue I'm having is that I see a ton of stuff on this board about how you shouldn't sell after a pretty big downturn since there often is a swift recovery and by selling, you could easily miss the recovery. The whole Boglehead philosophy is kind of built...
by GibsonES335
Tue Apr 05, 2016 1:42 pm
Forum: Personal Investments
Topic: Can't decide whether to sell stocks with unrealized gains or the ones that are down a lot
Replies: 6
Views: 996

Can't decide whether to sell stocks with unrealized gains or the ones that are down a lot

I currently have 3 ETFs in the taxable part of my portfolio: VWO (emerging markets), VBR (US small cap value), and VSS (all world ex US small cap). Ideally, I would like to replace all my equities with Vanguard Total World and also reduce my equity exposure. I'd rather not get into the reasons for t...
by GibsonES335
Tue Sep 01, 2015 1:52 pm
Forum: Personal Investments
Topic: Several unusual circumstances [professional poker player]
Replies: 20
Views: 3538

Re: Several unusual circumstances [professional poker player]

Gambogle, Our situations are similar. I am also a pro poker player with a similar age and similar degree of success. One thing that you left out of your original post was a description of your financial goals. Is your goal to have 5 million? 10? 100? Without knowing more about what your goals are, I...
by GibsonES335
Tue May 26, 2015 4:01 am
Forum: Investing - Theory, News & General
Topic: Reducing the Black Swans
Replies: 69
Views: 10900

Re: Reducing the Black Swans

Spidey The "Larry Portfolio" is uses the very same principles as Taleb, with most of the investments in basically riskless (or near riskless) investments, and the rest in the highest expected returning equity asset class--small value stocks. Larry When you say that small value stocks have the highe...
by GibsonES335
Thu Jan 22, 2015 4:23 pm
Forum: Personal Investments
Topic: Selling mutual fund to buy ETF - "out of market" risk
Replies: 17
Views: 1886

Re: Selling mutual fund to buy ETF - "out of market" risk

Math is hard. If one misses a 3% overnight move upward in the market, that 3% price difference will persist forever. If the position is largish to start with say $100K, and grows to $2 million over the next 30 years, then the difference will be $60,000 of that $2 million which could be an entire ye...
by GibsonES335
Wed Sep 11, 2013 3:36 pm
Forum: Investing - Theory, News & General
Topic: Are poker and investing similar?
Replies: 26
Views: 3643

Re: Are poker and investing similar?

That's an interesting article. For what it's worth, I have been a professional poker player since 2003. Here are a few random initial thoughts I have on the topic: 1) Poker is a zero sum game if there is no rake (the percentage taken by the house). If there is a rake, it becomes a negative sum game ...
by GibsonES335
Wed Sep 11, 2013 1:13 pm
Forum: Investing - Theory, News & General
Topic: 90% of trading volume is from institutional investors
Replies: 14
Views: 3398

Re: 90% of trading volume is from institutional investors

Hey guys, thanks for the responses so far. Let me try to rephrase what you guys are saying to make sure that I understand: In any trade you make in the market, there is a very high chance that an institutional investor will be on the other side. This does not necessarily mean that the trade will hav...
by GibsonES335
Wed Sep 11, 2013 1:56 am
Forum: Investing - Theory, News & General
Topic: 90% of trading volume is from institutional investors
Replies: 14
Views: 3398

90% of trading volume is from institutional investors

I am currently reading William Bernstein's The Investor's Manifesto. In it, he mentions that 90% of trading volume is from institutional investors, a claim I have heard elsewhere as well. Bernstein writes, "Watch a pro football game, and it's obvious the guys on the field are far faster, stronger, a...
by GibsonES335
Sat Jan 05, 2013 12:18 am
Forum: Personal Investments
Topic: Need Cash -- Should I withdraw from stock fund or bond fund?
Replies: 7
Views: 815

Re: Need Cash -- Should I withdraw from stock fund or bond f

Thanks for the responses so far. I think I may have stated my question poorly. Let me try to rephrase it. I completely understand the implications for taxes and asset allocation. What I am asking I think is maybe a more technical question specifically about bond funds. Let's take a hypothetical bond...
by GibsonES335
Fri Jan 04, 2013 8:35 pm
Forum: Personal Investments
Topic: Need Cash -- Should I withdraw from stock fund or bond fund?
Replies: 7
Views: 815

Need Cash -- Should I withdraw from stock fund or bond fund?

Hey guys, I need some cash from my investment accounts, but I don't know whether to withdraw from my Vanguard stock index funds or my Vanguard inflation protected bonds fund. Both are in taxable accounts. It seems to me that the downside of withdrawing from the stock funds is that my gains will be s...