Search found 416 matches

by happyisland
Fri Jan 18, 2019 5:23 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1789778

Re: U.S. stocks in free fall

Good luck with timing the market! :sharebeer

DanMahowny wrote:
Fri Jan 18, 2019 5:20 pm
H-Town wrote:
Fri Jan 18, 2019 10:49 am
Anyone still hold cash on the sideline?
I am basically all cash. I hold 0% equities.

This is far from over.
by happyisland
Thu Jan 17, 2019 7:49 pm
Forum: Personal Consumer Issues
Topic: What shelf liquor and your favorite cocktails?
Replies: 45
Views: 2781

Re: What shelf liquor and your favorite cocktails?

Get your favorite gin (it's good with everything I've tried) and make a Saturn: http://imbibemagazine.com/saturn-cocktail/
(best tiki cocktail I've ever made)
by happyisland
Wed Jan 16, 2019 7:12 am
Forum: Personal Consumer Issues
Topic: Gillette Mach 3 alternatives
Replies: 81
Views: 5941

Re: Gillette Mach 3 alternatives

How much are you guys shaving? With my normal usage I could buy the most expensive Gillette branded razors and it would cost around $24 per year. Seems like all of this money-saving energy could be better focused on other aspects of life.
by happyisland
Sun Dec 30, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: any reason not to sell my REIT (VNQ)
Replies: 13
Views: 1044

Re: any reason not to sell my REIT (VNQ)

Thanks everyone! Don't worry, I know I've been a bonehead about this one. I just have it in my IPS not to make any major changes to my AA without seeking the wisdom of people I trust. Funny that my most trusted financial advisers are strangers on this message board.
by happyisland
Sun Dec 30, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: any reason not to sell my REIT (VNQ)
Replies: 13
Views: 1044

any reason not to sell my REIT (VNQ)

Hey guys, Due to tax efficiency considerations, I am thinking about selling my holding of VNQ (a USA REIT fund) and putting that money into regular stock index funds instead. 5 years ago, when I went 'full Boglehead', I set up a 5-fund portfolio that included: USA, Int'l, REIT, USA bond, Int'l Bond....
by happyisland
Sat Dec 15, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Law school without practicing law
Replies: 79
Views: 5828

Re: Law school without practicing law

I got my JD from a top-tier law school, and am not a practicing attorney, having decided to do other things with my life. In retrospect I can think of a lot of better things I could have invested all of that money and time in. I do agree with those who say that the legal education is useful though. ...
by happyisland
Wed Dec 05, 2018 9:36 pm
Forum: Investing - Theory, News & General
Topic: Anybody Miss the Crypto Rage on BH Forums
Replies: 96
Views: 7159

Re: Anybody Miss the Crypto Rage on BH Forums

To anybody wanting some more crypto drama in their lives, I recommend an interesting article on a cryptocurrency cruise: https://breakermag.com/trapped-at-sea-w ... eau-riche/
TLDR: I'm not feeling a lot of FOMO.
by happyisland
Sun Nov 04, 2018 9:57 am
Forum: Investing - Theory, News & General
Topic: Brett Arends: Here's a simple way to beat a bear market
Replies: 38
Views: 5305

Re: Brett Arends: Here's a simple way to beat a bear market

JustinR wrote:
Sat Nov 03, 2018 4:38 am
Here's a crazy strategy. Sell everything at the peak and then lump sum back in at the bottom. Lump sum wins again.
Makes sense! OP, have you considered this strategy?
by happyisland
Wed Oct 10, 2018 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Comparing my performance against S&P 500
Replies: 20
Views: 1376

Re: Comparing my performance against S&P 500

Thing is, even if it works out this time, it won't mean that it was a good idea. Don't confuse outcome with strategy.
by happyisland
Mon Sep 24, 2018 6:02 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 26014

Re: What is your single most expensive mistake?

Sadly, my biggest single investing mistakes have all been investing in friends' startups. I've done this 5 times now, but the worst one was a guy I had considered a trusted friend who was starting his own "E-Learning" business in a major East-Asian city. Turns out he didn't like the city because it ...
by happyisland
Tue Jul 31, 2018 6:14 pm
Forum: Investing - Theory, News & General
Topic: Are women worse at investment?
Replies: 24
Views: 1544

Re: Are women worse at investment?

I've always heard that women, in general, tend to be more effective investors since they are less aggressive and impulsive (again, in general).
by happyisland
Sat Jul 07, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction
Replies: 44
Views: 7748

Re: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction

How much is that J.P. Morgan asset manager charging you? If it has anything to do with AUM, I would RUN, not walk away from them. Take it from someone who spent over a decade having their "assets managed" by Merrill Lynch.
by happyisland
Sun Jun 24, 2018 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Podcasts on money management and investing basics
Replies: 22
Views: 1485

Re: Podcasts on money management and investing basics

I like two podcasts that are very on-point:
- Mad Fientist
- Bigger Pockets Money
by happyisland
Sun Jun 24, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Canadian Universities [Dual US / Canadian citizen]
Replies: 33
Views: 2061

Re: Thoughts on Canadian Universities

Cheyenne wrote:
Sun Jun 24, 2018 8:54 am
I have friends in Canada. Based upon what they have told me I'm not sure if she'd want to go there now. Maybe in a few years.
Please explain.
by happyisland
Fri Jun 22, 2018 7:15 am
Forum: Investing - Help with Personal Investments
Topic: [100% stock, uncomfortable with international]
Replies: 66
Views: 7557

Re: [100% stock, uncomfortable with international]

The top holdings in the ex-US Vanguard fund: 1 Royal Dutch Shell plc 2 Tencent Holdings Ltd. 3 Samsung Electronics Co. Ltd. 4 Nestle SA 5 HSBC Holdings plc 6 Taiwan Semiconductor Manufacturing Co. Ltd. 7 Toyota Motor Corp. 8 Novartis AG 9 Alibaba Group Holding Ltd. 10 Roche Holding AG These seem lik...
by happyisland
Mon Jun 04, 2018 7:03 pm
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 5423

Re: Best case to convert a Bogle skeptic?

Conversion seems to be almost impossible. I tried with my 3 closest friends, and was able to get one to ditch his expensive "wealth management" guys at ML. The other two were impervious to logic and facts and just thought I was being annoying. In retrospect I agree! :oops:
by happyisland
Sat Jun 02, 2018 6:48 am
Forum: Investing - Theory, News & General
Topic: General Electric
Replies: 77
Views: 10985

Re: General Electric

sawyer_sully....Time for a contrarian view. My wife recently purchased a chunk of shares when GE tanked after Immelt left. It was her money. But I was curious about her reasoning. You see, my wife is an immigrant (now a citizen), and brings a very different perspective to things that I have come to...
by happyisland
Mon May 28, 2018 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages
Replies: 18
Views: 2178

Re: Reverse Mortgages

We have no heirs, and it seems like a reverse mortgage would help us enjoy as much of our money as possible while we are still alive, high fees notwithstanding.
by happyisland
Wed May 16, 2018 7:20 am
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 9904

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

GratefulinNC wrote:
Wed May 16, 2018 5:28 am
When gold rises, rebalance back to your set gold allocation.
This is the part I don't understand. When it is time to rebalance do you get in your car and drive to a store to sell your gold?
by happyisland
Tue May 08, 2018 7:41 pm
Forum: Personal Consumer Issues
Topic: Which City to spend 4-6 weeks?
Replies: 48
Views: 5580

Re: Which City to spend 4-6 weeks?

Berlin is a wonderful city, and very bikeable.
by happyisland
Fri May 04, 2018 9:18 pm
Forum: Personal Consumer Issues
Topic: Second week of biking in the Balkans
Replies: 6
Views: 1211

Re: Second week of biking in the Balkans

Totally envious. Sounds like an incredible trip. Thanks for the inspiration!
by happyisland
Mon Apr 09, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: Gardening 2018
Replies: 70
Views: 7436

Re: Gardening 2018

Two of my big mango trees (an Edward and an Alphonso) are both covered in blooms and small fruit has begun to set. Looks like it's going to be a good year this year thanks to a wetter than usual rainy season. Yes!
by happyisland
Thu Apr 05, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Permanent DINK couples - Considerations, thoughts, etc?
Replies: 40
Views: 5096

Re: Permanent DINK couples - Considerations, thoughts, etc?

DINK here. The most interesting thing we consider as we age is how to die broke (IE, how to use as much of our money as we want while we're still alive - this includes being generous with others). The current plan is for increasing annuitization as we move through retirement, but there are a lot of ...
by happyisland
Thu Mar 22, 2018 8:53 pm
Forum: Personal Consumer Issues
Topic: Berlin - how many days and where to stay?
Replies: 33
Views: 2473

Re: Berlin - how many days and where to stay?

I was in Berlin for a week last May, and I had such a great time I have been tempted to move there. What a wonderful city!
by happyisland
Tue Mar 20, 2018 5:45 pm
Forum: Personal Consumer Issues
Topic: What have you baked recently?
Replies: 150
Views: 15916

Re: What have you baked recently?

I'm going to bake a key lime pie tonight, in belated honor of Pi day. Graham cracker crust is my favorite.
by happyisland
Mon Mar 12, 2018 6:03 pm
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 158
Views: 13974

Re: Is there any reason a buy-and-hold investor would buy gold?

Is there any scenario where holding gold would have been better than holding another hard currency? I ask because Venezuela was mentioned above, and it would be far more useful to have dollars or euros in Venezuela now. If I'm not mistaken it would have been better to have dollars during Argentina's...
by happyisland
Sun Mar 04, 2018 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Best way to short the equity market
Replies: 121
Views: 8473

Re: Best way to short the equity market

software wrote:
Sun Mar 04, 2018 10:30 am
Please document your specific ins and outs of the market, as you are making them, in the thread.
Yes, please do! I think it would be very interesting to follow along with your (hopefully winning) investment strategy.
by happyisland
Wed Feb 21, 2018 7:02 am
Forum: Personal Consumer Issues
Topic: frustrated with patek philippe poor service
Replies: 29
Views: 3054

Re: frustrated with patek philippe poor service

Sounds like unacceptably crappy customer service, particularly from a brand that is supposedly selling luxury goods.
by happyisland
Tue Feb 20, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about selling GE to invest in an index fund
Replies: 25
Views: 3549

Re: Thinking about selling GE to invest in an index fund

Sell it and use the capital loss. On a risk-adjusted basis, it doesn't really make sense to speculate in individual stocks when you could invest the same money in broad market index funds. :sharebeer
by happyisland
Sun Feb 18, 2018 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Newbie here [Where to invest inheritance?]
Replies: 5
Views: 588

Re: Newbie here [Where to invest inheritance?]

Welcome to the forum!
I would start in the bogle wiki - read that thing front to back - and then come here and post whatever specific questions you still have. That wiki literally changed my life!
by happyisland
Tue Feb 13, 2018 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 25124

Re: I bought a stock today - Redfin (RDFN)

Mr. Bogle did opine in one of his books that a high net worth investor might eliminate fees by "rolling their own" mutual fund. He said to buy the largest (by cap) 20-30 individual stocks and hold them forever. Now I have been tempted to try that approach, but I was held back by this: What exactly ...
by happyisland
Mon Feb 12, 2018 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 25124

Re: I bought a stock today - Redfin (RDFN)

Vanguard's mission statement: Vanguard is on a mission to lower the cost of investing while continuously raising standards. ... To take a stand for all investors, To treat them fairly, And to give them the best chance for investment success. Redfin's mission statement: Our mission is to redefine re...
by happyisland
Sun Feb 11, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: L.L. Bean, Citing Abuse, Tightens Its Generous Policy on Returns
Replies: 41
Views: 5201

Re: L.L. Bean, Citing Abuse, Tightens Its Generous Policy on Returns

I hate it when companies have insanely over-generous return policies like these. It basically seems to subsidize the grifters at the expense of those of us who wouldn't game the system (either because of laziness or some other personal choice).
by happyisland
Sun Feb 11, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Family expecting “comps”
Replies: 38
Views: 5510

Re: Family expecting “comps”

I have a small business that is popular with my close friends and family. A while back I decided to just charge them cost price for anything they wanted from us (and tell them that). Seems to keep everyone happy. The OP's family sounds like they might have other reasons that are more important for t...
by happyisland
Tue Feb 06, 2018 6:24 pm
Forum: Personal Consumer Issues
Topic: Laughter is the Best Medicine - What makes you Laugh?
Replies: 105
Views: 7412

Re: Laughter is the Best Medicine - What makes you Laugh?

Mr Show - like an American Monty Python from the 90s.

Also, current standups Jim Gaffigan, Rory Scovel, Chelsea Peretti, etc...
by happyisland
Wed Jan 17, 2018 7:02 am
Forum: Personal Consumer Issues
Topic: Besides Bogleheads, What Are Your Favorite Forums?
Replies: 92
Views: 12134

Re: Besides Bogleheads, What Are Your Favorite Forums?

http://tropicalfruitforum.com/
It's like a bogleheads (in terms of helpfulness and civility) for people who are interested in growing tropical fruit trees.
by happyisland
Wed Jan 10, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: Brexit - The Next Black Swan
Replies: 2
Views: 862

Re: Brexit - The Next Black Swan

Smarter and more sophisticated investors with a lot more resources to investigate and research have already priced all of this into the markets.
by happyisland
Sun Dec 24, 2017 6:14 pm
Forum: Personal Consumer Issues
Topic: Photos dark because of sunlight..what free software to enhance
Replies: 27
Views: 2237

Re: Photos dark because of sunlight..what free software to enhane

If you're ok to edit in a phone, Snapseed is pretty awesome for stuff like this.
by happyisland
Sun Dec 10, 2017 10:49 am
Forum: Investing - Help with Personal Investments
Topic: Interesting ride so far - Crypto-curriencies
Replies: 112
Views: 10754

Re: Interesting ride so far - Crypto-curriencies

The reason I still have some Bitcoin is that I've been through the "bubble debate" several time earlier. I started buying at $80 and was in on the first bubble that burst around $200. I sold out most around peak, and had some left that I didn't want to sell at a loss. So a bit later the big ride up...
by happyisland
Sat Dec 09, 2017 8:21 am
Forum: Investing - Theory, News & General
Topic: Just not getting it [Stock Picking versus TSM]
Replies: 99
Views: 16501

Re: Just not getting it

sambb wrote:
Fri Dec 08, 2017 9:03 pm

Any investment with higher risk can result in higher reward. bitcoin is a good example.
Or powerball...
by happyisland
Sat Dec 09, 2017 7:22 am
Forum: Personal Finance (Not Investing)
Topic: How to lead a horse to (boglehead) water?
Replies: 10
Views: 1017

Re: How to lead a horse to (boglehead) water?

randomizer wrote:
Sat Dec 09, 2017 1:01 am
I don't even try. I offer an opinion if asked, but that's it.
Agreed. I used to try, but sadly realized it is just a waste of time and effort. It is frustrating to watch people who you care about self-sabotage, but there's very little you can do.
by happyisland
Thu Dec 07, 2017 6:00 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24984

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

ensign_lee wrote:
Thu Dec 07, 2017 5:19 pm
I am in it for a non-inflationary asset.
Why not TIPS?
by happyisland
Wed Dec 06, 2017 4:01 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 214
Views: 29926

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

they're both appropriate questions because analysis - which is "an investors job" - can start with these questions. what it does is neutralize the preconceived notions and assumptions that one has about it. is bitcoin better than a powerball ticket? well, we know that the odds of winning a major po...
by happyisland
Tue Dec 05, 2017 7:04 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 24984

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Would you hold or sell? ie. if hypothetically holding 1% of your net worth in Bitcoin. Would you sell at 2X return? At 1 BTC = $20,000 ? Or hold indefinitely ? Great questions! One thing I just cannot wrap my mind around is what the rough intrinsic value of a bitcoin should be. It is confusing that...
by happyisland
Tue Nov 28, 2017 7:02 am
Forum: Investing - Help with Personal Investments
Topic: Gold?
Replies: 64
Views: 5735

Re: Gold?

Hyperinflation is happening in Venezuela right now. Gold does not appear to be helping anybody there. Truth is if a Venezuelan held gold, that gold would be maintaining its buying power through the hyperinflation. The value of the gold in terms of venezuelan currency would be skyrocketing. Wouldn't...
by happyisland
Mon Nov 27, 2017 6:50 am
Forum: Investing - Help with Personal Investments
Topic: Interesting ride so far - Crypto-curriencies
Replies: 112
Views: 10754

Re: Interesting ride so far - Crypto-curriencies

I think I'm going to have to go get a shoe shine and see if they have any tips about which of these cryptocurrencies to invest in.
by happyisland
Sun Nov 26, 2017 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 139
Views: 14776

Re: Didn't buy Bitcoin at $4600

WanderingDoc wrote:
Sun Nov 26, 2017 3:27 pm
I won't be a buyer of Bitcoin until (if) it drops back down to $7500.
Just curious - how did you arrive at the $7500 number?
by happyisland
Sun Oct 15, 2017 1:14 pm
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 130
Views: 10337

Re: What are you driving? And would you buy your current ride again?

2008 Mitsubishi Nativa diesel. Horrible driving car, with weird wonky automatic transmission. It has been trouble-free for me for over 10 years, but I will definitely not be buying another when it dies.
by happyisland
Sun Sep 24, 2017 1:45 pm
Forum: Personal Consumer Issues
Topic: Where do you get your news?
Replies: 131
Views: 11552

Re: Where do you get your news?

Currently I read the Economist, and a bit of Washington Post for breaking news.

Thing is, I have recently had several smart people give me the advice to stop consuming news completely. The argument is that:
1) virtually none of it is actionable
2) it makes you unhappy

Go cold turkey?
by happyisland
Fri Sep 15, 2017 4:08 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 385
Views: 34002

Re: Iphone X is $1000

According to an article on phonearena the $1k phone has a production cost of $412, meaning the profit margin is roughly 58%. Add in some R&D and marketing and Apple is still making an absolute killing on its diehard fans. Source: https://www.phonearena.com/news/Apple-iPhone-X-Heres-the-estimated-pro...