Search found 193 matches

by TravelerMSY
Mon Sep 03, 2018 7:21 pm
Forum: Personal Consumer Issues
Topic: Do You Purchase "Medical Evacuation Insurance" When You Travel?
Replies: 185
Views: 14613

Re: Do You Purchase "Medical Evacuation Insurance" When You Travel?

Has anyone found a reasonable solution that covers domestic travel? Anyone with a narrow-network ACA plan is going to find that a visit to a neighboring state might as well be Thailand as far as insurance benefits are concerned. There are handful of plans with nationwide benefits at much lower reimb...
by TravelerMSY
Mon May 28, 2018 6:13 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers and their 2 bps Tbill Cost
Replies: 1
Views: 1163

Re: Interactive Brokers and their 2 bps Tbill Cost

They’re .2 bps over a million. I think they don’t want to fool with small orders.
by TravelerMSY
Mon May 28, 2018 6:04 pm
Forum: Investing - Theory, News & General
Topic: Good Small to Medium Size Affordable Brokers?
Replies: 6
Views: 981

Re: Good Small to Medium Size Affordable Brokers?

Interactive Brokers are pretty hard to beat on commissions and executions, as long as you don’t need any handholding.
by TravelerMSY
Mon May 28, 2018 6:01 pm
Forum: Investing - Theory, News & General
Topic: etf fee arbitrage
Replies: 4
Views: 856

Re: etf fee arbitra

You’d have to lookup the borrow fee first, or find a broker that doesn’t charge it for GC shorts. This would only be attractive in absolute dollars levered up, and I’m assuming there are still hidden risks we haven’t thought of yet.
by TravelerMSY
Mon May 21, 2018 8:50 pm
Forum: Investing - Theory, News & General
Topic: Roll your own index fund current viability
Replies: 22
Views: 1955

Re: Roll your own index fund current viability

Interesting topic. It would be easy to do it cheap at IB or via their wealthfron/betterment clone, but why reinvent the wheel unless you want a special index or absolutely must have the tax loss harvesting? I’d be more inclined to use replication for something like Baupost’s 13Ds, but that’s active ...
by TravelerMSY
Sun May 07, 2017 1:48 pm
Forum: Personal Consumer Issues
Topic: Anyone subscribe to Barron's?
Replies: 17
Views: 4547

Re: Anyone subscribe to Barron's?

It's worth it for ideas, but you have to take it with a grain of salt.
by TravelerMSY
Sun May 07, 2017 1:46 pm
Forum: Personal Consumer Issues
Topic: United Mileage Plus CC - worth it?
Replies: 32
Views: 3567

Re: United Mileage Plus CC - worth it?

It's worth it, but now that Chase shuts you off from most of their cards once you have 5 new accounts in 24 months (5/24), you have to be more selective. I'd do the Southwest Chase cards for the companion pass first, then maybe the Sapphire Reserve, then whatever's left.
by TravelerMSY
Tue Jan 10, 2017 6:44 pm
Forum: Investing - Theory, News & General
Topic: Q: How to invest in non-PM commodities w/out using futures?
Replies: 2
Views: 322

Re: Q: How to invest in non-PM commodities w/out using futures?

I'd just use the futures. The only reason to hold physical is if the roll yield on the futures is high and negative to you. See oil.
by TravelerMSY
Tue Jan 10, 2017 6:39 pm
Forum: Investing - Theory, News & General
Topic: How to know your risk tolerance, without ever living through a crash?
Replies: 29
Views: 3334

Re: How to know your risk tolerance, without ever living through a crash?

Agree. Scale matters in the scariness of declines. It's very easy to be 100% in equities when you're young and working and your net worth is low. And some amount of magical thinking in which they consider their retirement plans not really part of their assets because it can't easily be spent now. Bu...
by TravelerMSY
Tue Jan 10, 2017 6:19 pm
Forum: Investing - Theory, News & General
Topic: Sell strategy for thinly traded closed end fund shares
Replies: 16
Views: 1105

Re: Sell strategy for thinly traded closed end fund shares

If they customarily do tender offers, you could wait for that and tender your shares. Usually at the end of the year though. If you have Interactive Brokers, they have automated tools to work your order, like algos that only offer a percent of daily volume, hidden size, etc. I don't know if your bro...
by TravelerMSY
Wed Aug 05, 2015 11:11 am
Forum: Investing - Theory, News & General
Topic: Arbitrage opportunity when commodities futures rise over time?
Replies: 13
Views: 1390

Re: Arbitrage opportunity when commodities futures rise over time?

Goldman's been doing it so I sure there is some alpha in it. But it's not for the little guy.
by TravelerMSY
Wed Jul 22, 2015 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: The Good the Bad and the Ugly of real estate
Replies: 87
Views: 17210

Re: The Good the Bad and the Ugly of real estate

REIT returns aren't that bad if you figure them on a levered basis comparable to the way most people invest in real estate.
by TravelerMSY
Mon Jun 22, 2015 11:07 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 371
Views: 85294

Re: Interactive Brokers (Best Kept Secret)

One thing not mentioned is IBs commissions are even lower if you're on their unbundled plan and you mostly add liquidity. You get most of the exchange rebates back. And their executions are generally better than their competitors. But most bogleheads aren't going to trade enough to notice.
by TravelerMSY
Mon Jun 22, 2015 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to low cost of living area
Replies: 5
Views: 2335

Re: Moving to low cost of living area

Perhaps once you get well and are employed again it won't be so bad.
by TravelerMSY
Thu Jun 11, 2015 9:21 pm
Forum: Investing - Theory, News & General
Topic: I lost $100 million — and I’ve never been happier
Replies: 29
Views: 11430

Re: I lost $100 million — and I’ve never been happier

That 100 mil was probably never fully theirs. Probably tied up in company stock they couldn't liquidate. I can't believe a former NYSE specialist partner would voluntarily forgo diversification on that kind of money.
by TravelerMSY
Wed Jun 03, 2015 9:07 pm
Forum: Personal Consumer Issues
Topic: Insurance company "outdoor steps need a railing"
Replies: 56
Views: 14720

Re: Insurance company "outdoor steps need a railing"

It's quite common in neighborhoods with older houses. Not so much in new construction. Old means 50 years or more.
by TravelerMSY
Mon Jun 01, 2015 3:42 pm
Forum: Personal Consumer Issues
Topic: Perpetual Travelling
Replies: 80
Views: 19388

Re: Perpetual Travelling

A lot of this hinges on what resources you have at your disposal, and your skills for finding short-term furnished rentals at prices you can afford. AirBnB helps a lot.
by TravelerMSY
Sun May 24, 2015 1:20 pm
Forum: Investing - Theory, News & General
Topic: US Bond futures questions
Replies: 1
Views: 691

Re: US Bond futures questions

There are extensive resources on bond pricing on the CME site. Bond duration or BPV (basis point value) for the 2 year is what you need.
by TravelerMSY
Sun May 24, 2015 12:07 pm
Forum: Investing - Theory, News & General
Topic: Has anyone traded primarily (or exclusively) based on stochastic and MACD data? How did it go?
Replies: 9
Views: 3044

Re: Has anyone traded primarily (or exclusively) based on stochastic and MACD data? How did it go?

Trend indicators work to the extent that they are a proxy for measuring momentum, which works over long timeframes. Months and years though, so don't try to build a day trading system around it.
by TravelerMSY
Wed May 20, 2015 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone limit available credit on Credit card?
Replies: 34
Views: 4823

Re: Does anyone limit available credit on Credit card?

Keeping limits low is helpful for getting auto-approvals rather than deferrals if you're working your way through all the airline and hotel bonus cards.
by TravelerMSY
Wed May 20, 2015 4:59 pm
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 118
Views: 17136

Re: What's so great about simplicity?

I think y'all are confusing simplicity of the portfolio with simplicity of the custodians. A dozen names held at a single broker doesn't seem that complicated, but once you hold stuff in multiple accounts/custodians it gets harder to manage since you have to build your own portfolio reporting rather...
by TravelerMSY
Wed May 20, 2015 4:48 pm
Forum: Investing - Theory, News & General
Topic: Flash options trading by robot?
Replies: 12
Views: 1039

Re: Flash options trading by robot?

Datek being one of the first online brokers with access to Island ecn was a big advantage for some people.
by TravelerMSY
Wed May 20, 2015 4:45 pm
Forum: Investing - Theory, News & General
Topic: Why Bother With Bonds? (book shout out)
Replies: 12
Views: 3610

Re: Why Bother With Bonds? (book shout out)

I doubt most people here care, but one major benefit of brokered cds is that they live in a brokerage account and are marginable.
by TravelerMSY
Tue May 19, 2015 4:17 pm
Forum: Investing - Theory, News & General
Topic: Let's hear your Dave Ramsey success stories
Replies: 79
Views: 36449

Re: Let's hear your Dave Ramsey success stories

Limiting to all the dumb broke callers to his lunchtime radio show has been a pretty good deterrent from doing stupid things.
by TravelerMSY
Mon May 18, 2015 12:32 pm
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 407
Views: 106728

Re: Do you think Ric Edelman is correct, never pay down mortgage

The optionality implied by being able to refinance a fixed-rate mortgage if rates goes down is worth something, I guess. But with the 20 year decline in rates, adjustable mortgages have done just as well. Better if you consider they refinance themselves for free. And the average homeowner sells the ...
by TravelerMSY
Sun May 17, 2015 5:31 pm
Forum: Personal Investments
Topic: Buying property with friends to rent
Replies: 16
Views: 2653

Re: Buying property with friends to rent

A 65k rental house is a one person investment, If you need six partners then it's not for you.
by TravelerMSY
Sun May 17, 2015 12:03 pm
Forum: Personal Consumer Issues
Topic: I Hate Vacations
Replies: 113
Views: 19604

Re: I Hate Vacations

The common thread of the vacation haters seems to be having to bring their family with them every time. Why not occasionally leave the kids at home and have an adult vacation?
by TravelerMSY
Sat May 16, 2015 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Should we purchase home without permits?
Replies: 70
Views: 10495

Re: Should we purchase home without permits?

How did the seller answer "Does the property have any unpermitted renovations?" on the sellers disclosure sheet? That may give you an out. And you do probably have some leverage in the transaction now, as the sellers are now terrified that the city is going to come after them. And they may...
by TravelerMSY
Sat May 16, 2015 1:24 pm
Forum: Non-US Investing
Topic: Impossible for US expats to open US bank accounts?
Replies: 11
Views: 6419

Re: Impossible for US expats to open US bank accounts?

I'm not sure why form 8839 fatca compliance is so onerous for individuals if turbotax can handle it. Maybe if you file by hand and are already pissed off that you have to file a U.S. return in the first place. Or if you're a Fatwallet type and have dozens of accounts. The perfect storm case would be...
by TravelerMSY
Sat May 16, 2015 1:07 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 371
Views: 85294

Re: Interactive Brokers (Best Kept Secret)

in_reality wrote:Do they offer brokered CDs?

I can't see any on their site.
Not directly but if you could find one in the secondary market you could buy it there.
by TravelerMSY
Thu May 14, 2015 11:31 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 371
Views: 85294

Re: Interactive Brokers (Best Kept Secret)

Only one thing to add about IB that hasn't been mentioned. You get the rebate for adding liquidity if you're on the unbundled commission plan. Of course, you pay it when you remove.
by TravelerMSY
Wed May 06, 2015 12:16 am
Forum: Investing - Theory, News & General
Topic: Buffett interview on the "margin of safety"; considerations for T-A-A
Replies: 13
Views: 2618

Re: Buffett interview on the "margin of safety"; considerations for T-A-A

30 year mortgages in the US do come at quite higher rates than short term or floating rate loans, at least on a relative basis.

If you really want a 30 year fixed loan in Norway, you could probably create one synthetically using derivatives.
by TravelerMSY
Wed May 06, 2015 12:05 am
Forum: Investing - Theory, News & General
Topic: Omaha this weekend
Replies: 29
Views: 9793

Re: Omaha this weekend

I went this weekend as kind of a bucket list thing. I don't think its all that relevant anymore now that every word Mr. Buffett says is tweeted to the news media within seconds, it was nice to tour the exhibit hall, and as it turns out my uncle is one of the vendors. While the event itself is free, ...
by TravelerMSY
Mon Apr 27, 2015 10:09 pm
Forum: Personal Consumer Issues
Topic: Been invited to wedding in Disney World. My cost?
Replies: 58
Views: 26082

Re: Been invited to wedding in Disney World. My cost?

You guys are talking about a domestic trip to Orlando like they invited you to fly to Australia with them. If you like Disney and can afford a weekend trip, then do it. Otherwise, pass. No one is expecting attendance or even a gift from a coworker unless you're close friends outside of work, And if ...
by TravelerMSY
Sun Apr 26, 2015 7:19 pm
Forum: Investing - Theory, News & General
Topic: Should I use margin to buy a balanced fund?
Replies: 933
Views: 272387

Re: Should I use margin to buy a balanced fund?

Might be a dead end. Even on ice they don't show any volume and last price of zero.
by TravelerMSY
Sun Apr 26, 2015 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Hypothetical "Can he pull the plug?" [Retire early]
Replies: 39
Views: 9863

Re: Hypothetical "Can he pull the plug?" [Retire early]

How easily can you return to the workforce if you change your mind later? Would you be giving up a career and starting over, or do you have timeless skills like being a healthcare pro or perhaps the skilled building trades? Being able to come back if you change yiur mind would give me the courage to...
by TravelerMSY
Sun Apr 26, 2015 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Advice For Buying A House From A Big-Box Builder
Replies: 11
Views: 2696

Re: Advice For Buying A House From A Big-Box Builder

The low voltage wiring is easy to diy if the builder will let you. Although I do agree that for most people it is irelevant. Modern wifi is good enough, and what little wiring needed to accommodate a router with 2-3 repeaters for a large house can easily be added later. If you have higher requiremen...
by TravelerMSY
Sun Apr 26, 2015 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 188
Views: 24087

Re: How much do you pay in Property Taxes?

Louisiana. ~1.8% of the value above $75000.
by TravelerMSY
Sun Apr 26, 2015 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Tough to get a mortgage while retired?
Replies: 26
Views: 3850

Re: Tough to get a mortgage while retired?

None of this has to do with bankers being cranky or inflexible. It has to do with securitization pools and the rules for what mortgages are allowed into the pool. Banks that keep their own mortgages "portfolio loans" aren't constrained by securitization, but they're going to charge a highe...
by TravelerMSY
Sun Apr 26, 2015 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees who lease auto
Replies: 15
Views: 4216

Re: Retirees who lease auto

It costs more to lease a car every 3 years rather than buy one car and hold it for multiples of 3 years. Only you can decide if the convenience of leasing is worth the money. Use a buy vs. rent calculator to determine exactly how much.
by TravelerMSY
Sun Apr 26, 2015 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Is the 1% Cost of Managing Money Worth It?
Replies: 53
Views: 9688

Re: Is the 1% Cost of Managing Money Worth It?

For the universe of people that would participate in this forum, 1% is way too much compared to DIY. But for everyone else out there- 1% is a steal compared to the mistakes they'll make on their own. For instance, irrationally risk-averse investors who have been in money makets at 1-2% for decades. ...
by TravelerMSY
Sun Apr 26, 2015 1:53 pm
Forum: Investing - Theory, News & General
Topic: Should I use margin to buy a balanced fund?
Replies: 933
Views: 272387

Re: Should I use margin to buy a balanced fund?

Shopping around for contracts that are more representative of global developed markets that the ES and and found this traded on ICE. Liquidity unknown. https://www.msci.com/resources/factsheets/index_fact_sheet/msci-world-index.pdf https://www.theice.com/products/32375867/mini-MSCI-World-Index-Futur...
by TravelerMSY
Sun Apr 26, 2015 1:09 pm
Forum: Investing - Theory, News & General
Topic: Anyone have an asset allocation not based on percentages?
Replies: 26
Views: 3921

Re: Anyone have an asset allocation not based on percentages

Yall aren't looking at this from a modern portfolio theory perspective. There's a mix of stocks and bonds that has a higher risk-adjusted return than 100% stocks,

But it has a lower absolute return so it may be irelevant to you if you're not willing to leverage it.
by TravelerMSY
Tue Apr 21, 2015 11:05 pm
Forum: Personal Investments
Topic: Have a saved enough to retire?
Replies: 18
Views: 2911

Re: Have a saved enough to retire?

It looks to me like you are already retired.
by TravelerMSY
Tue Apr 21, 2015 1:59 pm
Forum: Investing - Theory, News & General
Topic: Marketplace Lending as an Asset Class
Replies: 6
Views: 1160

Re: Marketplace Lending as an Asset Class

Odd that they use volatility rather than SD in that paper.
by TravelerMSY
Sat Apr 18, 2015 12:44 pm
Forum: Personal Consumer Issues
Topic: Township replacing parking meters with kiosks. Is this bad?
Replies: 9
Views: 1267

Re: Township replacing parking meters with kiosks. Is this

What you lose in piggybacking you gain in portability. Typically, the parking slip works in other spots if you need to move.
by TravelerMSY
Thu Apr 16, 2015 6:25 pm
Forum: Investing - Theory, News & General
Topic: Less liquid counterpart to stocks?
Replies: 7
Views: 1226

Re: Less liquid counterpart to stocks?

Come on guys. Almost anything that's listed in the public markets is relatively liquid in the whole scheme of things. If you want to get paid for taking liquidity risk- you're going to have buy something that can't be done with a mouse click.
by TravelerMSY
Thu Apr 16, 2015 5:57 pm
Forum: Investing - Theory, News & General
Topic: Less liquid counterpart to stocks?
Replies: 7
Views: 1226

Re: Less liquid counterpart to stocks?

For the that kind of liquidity premium I suspect you should look at companies that aren't traded on exchanges at all. Like a small public company in your area that has good prospects but no liquid market. Buffet put his ads to buy stock in the newspaper. Maybe these days you'd use Craigslist or flye...
by TravelerMSY
Tue Apr 14, 2015 1:03 pm
Forum: Investing - Theory, News & General
Topic: Should I use margin to buy a balanced fund?
Replies: 933
Views: 272387

Re: Should I use margin to buy a balanced fund?

It's somewhat helpful to frame the volatility on your notional exposure rather than your account equity.