Search found 2046 matches

by EnjoyIt
Sat May 18, 2019 8:14 am
Forum: Personal Investments
Topic: Am I being ripped off?
Replies: 42
Views: 4610

Re: Am I being ripped off?

I’m probably extremely naive but I simply cannot imagine they’re literally robbing me... michaeljmroger: Morgan Stanley has paid over 5 BILLION DOLLARS in fines since 2000 for violating the law. https://violationtracker.goodjobsfirst.org/parent/morgan-stanley Best wishes. Taylor How is it even lega...
by EnjoyIt
Mon May 13, 2019 10:59 am
Forum: Personal Finance (Not Investing)
Topic: How to Figure Payroll Taxes for S-Corp?
Replies: 22
Views: 1043

Re: How to Figure Payroll Taxes for S-Corp?

I have 2 corporations. One of them I pay myself quarterly, and is the bulk of my income. The other corporation pays me only $1k-$2k a year in w2 wages at the end of the year for a particular service it provides at that time. About 2 weeks ago I got off the phone with an IRS representative who very p...
by EnjoyIt
Mon May 13, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Plan
Replies: 30
Views: 3860

Re: Defined Benefit Plan

Enjoyit, glad you made a decision and it is working out. Just curious, how much are they letting you contribute annually to your DBP? gasdoc It is not an annual thing. The plan is decisgned to have X dollars in Y years with the expectation of a 5% return yearly. My plan has me contributing $575k ov...
by EnjoyIt
Mon May 13, 2019 10:31 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10165

Re: Does your retirement plan work if stocks are flat or in decline for decades?

My ideal plan will fail, but we will be ok. We will need to probably move into a smaller home which we will likely do anyways in the future. We will not be able to travel as much.

Although anything is possible I am just not planning for a 20 year decline in equities.
by EnjoyIt
Sun May 12, 2019 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Plan
Replies: 30
Views: 3860

Re: Defined Benefit Plan

Since this is re-opened, I will point out that I did in fact open a DBP with the goal of funding it over 5 years and then likely close it out and transfer to an IRA I keep my bond portion of my portfolio in the DBP which keeps volatility low and allows for creating expected contribution needs every...
by EnjoyIt
Sun May 12, 2019 10:04 am
Forum: Forum Issues and Administration
Topic: Real Names
Replies: 16
Views: 857

Re: Real Names

Why would I want people to know how much money I have? Anonymity is very important.

[snarky comment here]

-AI
by EnjoyIt
Sun May 12, 2019 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Plan
Replies: 30
Views: 3860

Re: Defined Benefit Plan

Since this is re-opened, I will point out that I did in fact open a DBP with the goal of funding it over 5 years and then likely close it out and transfer to an IRA I keep my bond portion of my portfolio in the DBP which keeps volatility low and allows for creating expected contribution needs every...
by EnjoyIt
Fri May 10, 2019 7:46 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 147
Views: 11413

Re: Crypto bulls are back. Are you getting in?

Bitcoin is not a scam as I wrote up above. It has real value that is propped by the faith of the people that own it. I also stated that people who own bitcoin are incentivized to get others to buy it as it increases the faith and therefor increases its value. That is likely why bitcoin adopters are...
by EnjoyIt
Fri May 10, 2019 2:24 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 147
Views: 11413

Re: Crypto bulls are back. Are you getting in?

This is what I get regarding needing to download the whole blockchain: https://cointelegraph.com/bitcoin-for-beginners/what-is-bitcoin-wallets#mobile Any full Bitcoin client requires access to the entire Blockchain ledger, which is constantly growing and requires several gigabytes of storage. Hence...
by EnjoyIt
Fri May 10, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Plan
Replies: 30
Views: 3860

Re: Defined Benefit Plan

Since this is re-opened, I will point out that I did in fact open a DBP with the goal of funding it over 5 years and then likely close it out and transfer to an IRA I keep my bond portion of my portfolio in the DBP which keeps volatility low and allows for creating expected contribution needs every ...
by EnjoyIt
Fri May 10, 2019 1:07 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 147
Views: 11413

Re: Crypto bulls are back. Are you getting in?

This is what I get regarding needing to download the whole blockchain: https://cointelegraph.com/bitcoin-for-beginners/what-is-bitcoin-wallets#mobile Any full Bitcoin client requires access to the entire Blockchain ledger, which is constantly growing and requires several gigabytes of storage. Hence ...
by EnjoyIt
Fri May 10, 2019 12:06 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 147
Views: 11413

Re: Crypto bulls are back. Are you getting in?

If you can trust someone ---as in say Coinbase --to do all this on your behalf, then theoretically you can trust a bank, a government, an institution to do all this for you, and that---defeats the purpose of bitcoin. Today I learned, I cannot view the balance of my bitcoin, as I've never downloaded...
by EnjoyIt
Fri May 10, 2019 12:03 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 147
Views: 11413

Re: Crypto bulls are back. Are you getting in?

I will admit that I am a bitcoin skeptic. I also admit that there are enough people in the world today that have a lot of faith in bitcoin, and that is all that is needed for it to have any value. Originally bitcoin was billed as a currency that will one day replace credit card transactions. At its ...
by EnjoyIt
Thu May 09, 2019 7:08 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 147
Views: 11413

Re: Crypto bulls are back. Are you getting in?

But compare it with bitcoin. Instead of using one database, you literally have to propagate the transaction through every node on the bitcoin network. That cannot possibly scale. Bitcoin uses a distributed blockchain ledger, established through consensus. How can it be that every time I buy a coffe...
by EnjoyIt
Tue May 07, 2019 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Is the low interest rate loan arbitrage always worth it?
Replies: 13
Views: 1230

Re: Is the low interest rate loan arbitrage always worth it?

Instead of focusing exclusively on the "assets" side of my personal balance sheet, I try to look at the big picture the best I can. I'm OK carrying a car loan @ 0.9% (fixed, 4.5 years remaining) and student loan debt @ 2.25% (tax deductible, fixed, 8 years remaining). Both of these are setup with o...
by EnjoyIt
Tue May 07, 2019 10:19 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 147
Views: 11413

Re: Crypto bulls are back. Are you getting in?

z3r0c00l wrote:
Tue May 07, 2019 10:06 pm
Yet another major theft of bitcoin.

https://www.bloomberg.com/news/articles ... nd=premium
And bitcoin is supposed to be a great store of wealth.
by EnjoyIt
Tue May 07, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: How much do you donate?
Replies: 100
Views: 7144

Re: How much do you donate?

I donate what I believe is appropriate to a good cause when I see one come my way. Some years these causes come more than once a year other times not as often. I will likely be starting a DAF soon so that it becomes easier to donate appreciated shares.
by EnjoyIt
Sun May 05, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is the low interest rate loan arbitrage always worth it?
Replies: 13
Views: 1230

Is the low interest rate loan arbitrage always worth it?

Let's take the emotional "I like being debt free" argument off the table for this discussion. Because, the very debt averse people are willing to pay a premium to be debt free. Is there ever a point of wealth where it is just not worth it to have a low interest rate debt to arbitrage for the gains? ...
by EnjoyIt
Sun May 05, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: thinking about un-retiring
Replies: 42
Views: 6658

Re: thinking about un-retiring

just a quick update, I decided to unretire into a five-week project working 20 hours per week. comp is higher than anticipated. I've had to learn a lot of new tech (cloud architecture) and it's been all kinds of fun to engage my brain in that way. I'll take stock in five weeks and see if I want to ...
by EnjoyIt
Sun May 05, 2019 11:36 am
Forum: Non-US Investing
Topic: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]
Replies: 77
Views: 5602

Re: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]

Reading Eurobogle postings and the responses in the thread, I would support Eurobogle in his quest for Barista FI ( I had to google barosta FI and found this link: https://www.financialsamurai.com/what-is-barista-fire-a-hybrid-between-fat-fire-and-lean-fire/ . My take is that eurobogle has thought ...
by EnjoyIt
Fri May 03, 2019 10:49 pm
Forum: Personal Investments
Topic: 3 Fund Vs. Target Date 401K Dilemma
Replies: 21
Views: 2111

Re: 3 Fund Vs. Target Date 401K Dilemma

3 fund portfolio has more flexibility and has a lower cost. Target date fund is easier. What is more important to you. FWIW, if a new investor ever asked me for advice, I would recommend the target date fund because it is just so damn easy. For myself, we do a slightly modified 3 fund portfolio beca...
by EnjoyIt
Fri May 03, 2019 10:12 pm
Forum: Investing - Theory, News & General
Topic: Short BYND? (beyond meat, IPO today)
Replies: 76
Views: 4515

Re: Short BYND? (beyond meat, IPO today)

I don't deny anything you said except I think most people don't care as much as a small select few regarding "negative impact." Meatless is not the future even if pockets of people think that it is. When inside an echo chamber it looks like everyone in the world agrees when in reality it is just a ...
by EnjoyIt
Fri May 03, 2019 1:16 pm
Forum: Investing - Theory, News & General
Topic: Short BYND? (beyond meat, IPO today)
Replies: 76
Views: 4515

Re: Short BYND? (beyond meat, IPO today)

I eat meat 2-3 times a week. I eat it for health reasons. I also eat eggs regularly as well as fish. My goal is healthy and these burgers make no sense to me at all. That’s the thing, if you want burger shaped patties to taste like beef, tons of chemical garbage needs to be added making the product...
by EnjoyIt
Thu May 02, 2019 8:28 pm
Forum: Investing - Theory, News & General
Topic: Short BYND? (beyond meat, IPO today)
Replies: 76
Views: 4515

Re: Short BYND? (beyond meat, IPO today)

I eat meat 2-3 times a week. I eat it for health reasons. I also eat eggs regularly as well as fish. My goal is healthy and these burgers make no sense to me at all. That’s the thing, if you want burger shaped patties to taste like beef, tons of chemical garbage needs to be added making the product...
by EnjoyIt
Thu May 02, 2019 5:41 pm
Forum: Personal Investments
Topic: Vanguard Intermediate-Term Tax-Exempt VWITX makes no sense?
Replies: 43
Views: 3887

Re: Vanguard Intermediate-Term Tax-Exempt VWITX makes no sense?

Just to add more problems.

This becomes even more complex when considering phase outs of certain taxes like the child tax credit or the qualified business deduction.
by EnjoyIt
Thu May 02, 2019 5:29 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal rate if you don't need to leave a legacy?
Replies: 21
Views: 3198

Re: Withdrawal rate if you don't need to leave a legacy?

If you have no need for a legacy, I would think annuities are your answer. I saw someone describing a tiered annuity setup, buying annuities every X years.

I hope someone more knowledgeable can chime in.
by EnjoyIt
Thu May 02, 2019 5:26 pm
Forum: Investing - Theory, News & General
Topic: Short BYND? (beyond meat, IPO today)
Replies: 76
Views: 4515

Re: Short BYND? (beyond meat, IPO today)

While there's the green element, there's also the ethical element of not eating meat. But for folks that have gone vegan or vegetarian already, a burger that imitates real meat isn't all that appealing. The goal would be to switch current meat eaters, but they'll need a better product for that to h...
by EnjoyIt
Thu May 02, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: 1 stage or 2 stage refinance?
Replies: 31
Views: 2070

Re: 1 stage or 2 stage refinance?

What is the interest rate on your credit card loan?

Why I ask why you chose to post here instead of bigger pockets? I think they may have better advice for you there since they are more your style.
by EnjoyIt
Thu May 02, 2019 5:03 pm
Forum: Investing - Theory, News & General
Topic: Short BYND? (beyond meat, IPO today)
Replies: 76
Views: 4515

Re: Short BYND? (beyond meat, IPO today)

I can never understand, if someone wants to taste a hamburger, then they should eat a hamburger. I get the idea behind something like this if the goal is to decrease meat intake for health reasons. But this stuff isn’t all that healthy either. So I am confused. I can’t imagine this product doing wel...
by EnjoyIt
Wed May 01, 2019 2:47 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 321
Views: 38486

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

Prahasaurus (which I would guess might be a species of Czech dinosaur) is MUCH more knowledgeable than I am regarding the ins and outs of buying and selling bitcoin...whereas I find it interesting in the abstract, it is not something I do or really know anything about. But he is correct that my fri...
by EnjoyIt
Wed May 01, 2019 2:40 pm
Forum: Personal Investments
Topic: Sell l Bond or VWLTX to pay off mortgage?
Replies: 9
Views: 850

Re: Sell l Bond or VWLTX to pay off mortgage?

My opinion: If you are selling lower earning assets to pay off a higher interest rate debt, that is a great decision though it will place you in a higher equities asset allocation which will increase your risk profile. Afterwards you can recover your asset allocation by using the mortgage payment a...
by EnjoyIt
Wed May 01, 2019 10:06 am
Forum: Personal Investments
Topic: Sell l Bond or VWLTX to pay off mortgage?
Replies: 9
Views: 850

Re: Sell l Bond or VWLTX to pay off mortgage?

My opinion: If you are selling lower earning assets to pay off a higher interest rate debt, that is a great decision though it will place you in a higher equities asset allocation which will increase your risk profile. Afterwards you can recover your asset allocation by using the mortgage payment am...
by EnjoyIt
Wed May 01, 2019 9:57 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 321
Views: 38486

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

Prahasaurus (which I would guess might be a species of Czech dinosaur) is MUCH more knowledgeable than I am regarding the ins and outs of buying and selling bitcoin...whereas I find it interesting in the abstract, it is not something I do or really know anything about. But he is correct that my fri...
by EnjoyIt
Tue Apr 30, 2019 6:53 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 321
Views: 38486

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

In theory--and "all I know is what I read in the papers," the current (as of August 2018!) official currency of Venezuela, the "bolivar soberano," is, in fact, backed by what Wikipedia calls a "supposed cryptocurrency," the "petro," which in turn is a stablecoin backed by oil and other natural reso...
by EnjoyIt
Tue Apr 30, 2019 2:50 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 321
Views: 38486

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

My prediction is that Bitcoin will survive and be viewed as a natural stock market hedge, and become a valuable part of most portfolios. Bogleheads will eventually incorporate BTC into the 3 fund portfolio at the 5% level. https://www.ccn.com/analyst-bitcoins-evolving-into-the-stock-market-hedge-in...
by EnjoyIt
Mon Apr 29, 2019 11:36 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 321
Views: 38486

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

Why compare with the past. We live in today. If a product is to be adopted it competes with today’s services not those of 300AD. The trillion dollar Libor scandal is quite recent. Was that Bitcoin or our traditional banking system? Deutsche Bank is laundering money for terrorists and drug lords (an...
by EnjoyIt
Sun Apr 28, 2019 10:58 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 321
Views: 38486

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

Quadriga. Bitfinex. MtGox. Bithumb. Bitfloor. Poloniex. Bitstamp. They've also lost—through lax security or outright fraud—massive amounts of customer funds. This simply does not happen in traditional banking. Wells Fargo has its shady dealings but when it comes to *not losing customer deposits* it...
by EnjoyIt
Sun Apr 28, 2019 8:23 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 321
Views: 38486

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

Out of curiousoty, how do we know all those Venezuela bitcoin transactions are real and not another attempt at price manipulation? How do we know that big holders of bitcoin aren’t making fake transactions out of Venezuela to show the world how awesome bitcoin is during times of crisis so that othe...
by EnjoyIt
Sun Apr 28, 2019 6:29 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 321
Views: 38486

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

Out of curiousoty, how do we know all those Venezuela bitcoin transactions are real and not another attempt at price manipulation? How do we know that big holders of bitcoin aren’t making fake transactions out of Venezuela to show the world how awesome bitcoin is during times of crisis so that other...
by EnjoyIt
Sun Apr 28, 2019 3:53 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 321
Views: 38486

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

Borderless and decentralized is something that has uses though very limited. Semi criminal vs criminal activity comes to mind. Maybe something like Venezuela is another possibility. Is Cryptocurrency going away? Probably not. Is Bitcoin the answer who the hell knows. it just happens to be the first...
by EnjoyIt
Sat Apr 27, 2019 7:59 pm
Forum: Personal Investments
Topic: Gambling with "fun money" (Penny stocks, other ideas?)
Replies: 43
Views: 3278

Re: Gambling with "fun money" (Penny stocks, other ideas?)

Go to Vegas and play craps. It is a high paced game full of adrenaline. In a short amount of time you can win big or lose everything. It may provide the gambling rush you are looking for. Even craps cannot turn pennies into millions. If one is just betting small peanuts, they have to look for the h...
by EnjoyIt
Sat Apr 27, 2019 7:57 pm
Forum: Personal Investments
Topic: Solo 401 k
Replies: 17
Views: 1073

Re: Solo 401 k

Only other question would be if OP's MAGI is below the $193k threshold for married or $122k for single for Roth IRA contributions. If not then OP would not need to backdoor anything and therefor should not need the solo401k either unless OP is also looking for tax deferred contributions from self e...
by EnjoyIt
Sat Apr 27, 2019 6:49 pm
Forum: Personal Investments
Topic: Gambling with "fun money" (Penny stocks, other ideas?)
Replies: 43
Views: 3278

Re: Gambling with "fun money" (Penny stocks, other ideas?)

Go to Vegas and play craps. It is a high paced game full of adrenaline. In a short amount of time you can win big or lose everything. It may provide the gambling rush you are looking for.
by EnjoyIt
Sat Apr 27, 2019 2:44 pm
Forum: Personal Investments
Topic: Solo 401 k
Replies: 17
Views: 1073

Re: Solo 401 k

Open a solo401k at Fidelity or another place that allows you to transfer in other retirement accounts. Transfer your rollover IRA entirely to your new solo401k. It will all be a pretax 401k, unless you have some post tax $ mixed in. Do you? IRS regulations prohibit the rollover of IRA non-deductibl...
by EnjoyIt
Sat Apr 27, 2019 2:20 pm
Forum: Personal Consumer Issues
Topic: Is 2 weeks in Amsterdam a bit much?
Replies: 45
Views: 3321

Re: Is 2 weeks in Amsterdam a bit much?

I will just give you a list of places I have been there that I thought were worthwhile. Dam Square. Mint Tower. You can learn about the famous blue China. Floating Flower Gardens. Mint Tower. Dinner cruise on the Amsterdam Canals. The Anne Frank House. The Rijksmuseum, allow most of a day for this....
by EnjoyIt
Fri Apr 26, 2019 9:43 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 321
Views: 38486

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

Venezuela is a real-life test of whether bitcoin really is what people say it is. If it were, you'd certainly expect Venezuela to be a place where you'd see large-scale popular adoption, because whatever issues there are in using bitcoin, they are surely negligible compared to the difficulties in u...
by EnjoyIt
Fri Apr 26, 2019 8:30 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 321
Views: 38486

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

I think there is a lot of conservative (read: outdated) thinking around BTC that is just not reflecting the underlying reality. Comments from Bogle or Buffet haven't helped (I can remember when Buffet refused to invest in tech stocks. Good times). I get it, we mock what we don't understand. But fro...
by EnjoyIt
Fri Apr 26, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: 10 minutes worth $300K?
Replies: 61
Views: 8385

Re: 10 minutes worth $300K?

quantAndHold wrote:
Fri Apr 26, 2019 6:46 pm
I wouldn’t choose either house. Both commutes are too long.
+1
Are there better options 30 minutes away?

I had a 1 hour commute each way many years ago. Never again unless I really really really must.

My time is very valuable to me these days.
by EnjoyIt
Fri Apr 26, 2019 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: For those with years on me...Can I afford this home?
Replies: 70
Views: 4684

Re: For those with years on me...Can I afford this home?

Here is what I see: 1) You have about $1 million in investments. Buying a this new house would cut that back to about $700k 2) You have a job that is high risk and not very stable though has the potential for good income when times are good. 3) Your spouse has a very stable job that likely is what ...
by EnjoyIt
Fri Apr 26, 2019 4:46 pm
Forum: Personal Investments
Topic: Solo 401 k
Replies: 17
Views: 1073

Re: Solo 401 k

Correct, I want to do a back door roth conversion. Maybe I am not understanding correctly? I thought some solo 401k do not allow In service distribution which I need to be able to slowly convert some of the $300,000 a piece at a time. I see sorry for the confusion. Just asking, are you trying to do...