Search found 1388 matches

by anoop
Sun May 24, 2020 5:33 pm
Forum: Investing - Theory, News & General
Topic: Efficiency or resiliency in investing, business, personal finance, etc.
Replies: 83
Views: 3487

Re: Efficiency or resiliency in investing, business, personal finance, etc.

The recent downturn has made it clear that many consumers, small businesses, and even large corporations were set up to be efficient and not resilient. You mean over-leveraged? That's part of it, yes. I think Taleb may have been trying to be diplomatic. It’s not efficiency. It’s over-leverage cause...
by anoop
Sun May 24, 2020 11:57 am
Forum: Personal Consumer Issues
Topic: Hertz is declaring bankruptcy
Replies: 62
Views: 5612

Re: Hertz is declaring bankruptcy

Cheez-It Guy wrote:
Sat May 23, 2020 9:03 am
Oh no! My Gold Plus Rewards!
That is probably the last thing that you need to worry about. Customer loyalty is the most important asset they have.
by anoop
Sun May 24, 2020 11:21 am
Forum: Investing - Theory, News & General
Topic: Efficiency or resiliency in investing, business, personal finance, etc.
Replies: 83
Views: 3487

Re: Efficiency or resiliency in investing, business, personal finance, etc.

The recent downturn has made it clear that many consumers, small businesses, and even large corporations were set up to be efficient and not resilient. You mean over-leveraged? That's part of it, yes. I think Taleb may have been trying to be diplomatic. It’s not efficiency. It’s over-leverage cause...
by anoop
Sun May 24, 2020 11:10 am
Forum: Personal Consumer Issues
Topic: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!
Replies: 70
Views: 2590

Re: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!

Truecar prices are normally average, but good enough for me. You can normally do better, sometimes even a lot better, by haggling or shopping at multiple dealers including those that may be outside your metro area. Would recommend running your deal by or at least checking bimmerfest and bimmerpost t...
by anoop
Sun May 24, 2020 6:58 am
Forum: Investing - Theory, News & General
Topic: Who's right about the future? Stock or Bond market?
Replies: 50
Views: 4404

Re: Who's right about the future? Stock or Bond market?

Markets are telling us growth and inflation are likely to be low for a generation. I wouldn't use the word "likely"... Studies I read showed future returns are only 0.4 correlated with price/earnings ratio, with other measures showing an even lower correlation. As of Apr 30, the total stock market ...
by anoop
Sun May 24, 2020 1:36 am
Forum: Personal Consumer Issues
Topic: What phone to buy after iPhone 7 Plus
Replies: 16
Views: 1266

Re: What phone to buy after iPhone 7 Plus

My iPhone 7 Plus is not able to take calls and camera sometimes won’t take pictures. I’m ready to upgrade but I HATE the notch on newer phones. Seems like the only thing to do is to get an iPhone 8 Plus from eBay for about $400-440. How much effort have you exerted attempting to determine the cause...
by anoop
Sat May 23, 2020 11:40 pm
Forum: Personal Consumer Issues
Topic: What phone to buy after iPhone 7 Plus
Replies: 16
Views: 1266

Re: What phone to buy after iPhone 7 Plus

If you're OK with staying with the 7 Plus, Apple is selling some on their clearance site: https://www.apple.com/shop/refurbished/clearance They tend to go fast. There have been rumors of an SE plus but who knows if it will materialize. https://www.macrumors.com/2020/04/21/iphone-se-plus-postponed-2h...
by anoop
Sat May 23, 2020 10:27 pm
Forum: Investing - Theory, News & General
Topic: Efficiency or resiliency in investing, business, personal finance, etc.
Replies: 83
Views: 3487

Re: Efficiency or resiliency in investing, business, personal finance, etc.

willthrill81 wrote:
Mon May 18, 2020 3:54 pm
The recent downturn has made it clear that many consumers, small businesses, and even large corporations were set up to be efficient and not resilient.
You mean over-leveraged?
by anoop
Sat May 23, 2020 6:18 pm
Forum: Personal Consumer Issues
Topic: Car shopping PHEV / ICE / or all electric?
Replies: 62
Views: 4798

Re: Car shopping PHEV / ICE / or all electric?

I'm partial to electric vehicles. But the technology is advancing so fast that I hesitate to buy one. Were I in the market, I would seriously think about leasing one, although I've never been pro-leasing with gasoline fueled cars. BMW has some very nice i3 models with a tiny gas "range extender" th...
by anoop
Sat May 23, 2020 5:07 pm
Forum: Personal Consumer Issues
Topic: Car shopping PHEV / ICE / or all electric?
Replies: 62
Views: 4798

Re: Car shopping PHEV / ICE / or all electric?

I personally would not own a purely electric car at this time, particularly as my only car, because I want a car that I can drive up to 700-800 miles in any direction in a 12-16 hr day if I need it do so. You can, in a Tesla. How frequently do you drive 700-800 miles in one day? Twice a year? In th...
by anoop
Sat May 23, 2020 11:17 am
Forum: Personal Investments
Topic: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call
Replies: 95
Views: 11322

Re: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call

Leesbro63 wrote:
Sat May 23, 2020 11:04 am
bugleheadd wrote:
Sat May 23, 2020 9:16 am
Sell puts to get back in the market. You can make a few thousand weekly if you have a good chunk of cash ( at least 6 digits) lying around, until you get assigned
What if the market melts up or keeps climbing?
Think only positive thoughts!
by anoop
Sat May 23, 2020 1:20 am
Forum: Personal Consumer Issues
Topic: Discarding Music CDs
Replies: 84
Views: 5687

Re: Discarding Music CDs

I ripped my CD collection using Apple Lossless.

I have a collection of ~130 CDs. It took several days. The entire collection is about 50G (after deleting songs I didn't like). Each CD takes around 300-600 MB.
by anoop
Sat May 23, 2020 12:35 am
Forum: Investing - Theory, News & General
Topic: Who's right about the future? Stock or Bond market?
Replies: 50
Views: 4404

Re: Who's right about the future? Stock or Bond market?

https://twitter.com/RaoulGMI/status/1263939087209291776
Almost everything I read says the bond market is right. But now with the fed buying every, that may be broke too.
by anoop
Fri May 22, 2020 12:54 pm
Forum: Personal Investments
Topic: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call
Replies: 95
Views: 11322

Re: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call

I got out in early 2008 and never got back in. :) me too...but not early enough... Pure luck in my case, it was around 02/2008. Ever since then, because of fed intervention, it's become nearly impossible to assess the value of any investment whether real-estate, stocks, or bonds. Right now stocks a...
by anoop
Thu May 21, 2020 2:53 pm
Forum: Personal Investments
Topic: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call
Replies: 95
Views: 11322

Re: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call

I got out in early 2008 and never got back in. :)
by anoop
Thu May 21, 2020 12:45 am
Forum: Personal Consumer Issues
Topic: Apple iPad vs Notebook
Replies: 43
Views: 1950

Re: Apple iPad vs Notebook

I would have several issues with an iPad being my only device. - Provides a truncated web experience. Many websites will load only their mobile version even if you request the desktop version. - Can't install an app like turbotax and work 100% offline without connecting to their cloud. - Can't see a...
by anoop
Tue May 19, 2020 12:38 am
Forum: Investing - Theory, News & General
Topic: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates
Replies: 79
Views: 7679

Re: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates

Which Vanguard Bond fund do you recommend to earn a modicum of interest income and at the same time protect your investment when rates change and start to rise eventually. Why should anyone earn money if they aren't willing to take risk? Why should the Fed bail out investors every time the risks do...
by anoop
Tue May 19, 2020 12:33 am
Forum: Personal Investments
Topic: RSUs [how long to hold]
Replies: 32
Views: 1397

Re: RSUs [how long to hold]

https://www.chicagotribune.com/sns-tech ... story.html

There was also a Rambus engineer that shoe himself because of the huge AMT tax bill that he was stuck with. He had exercised his ISO shares and quit his job thinking he made enough money only to see the stock get obliterated.
by anoop
Mon May 18, 2020 10:34 pm
Forum: Personal Investments
Topic: RSUs [how long to hold]
Replies: 32
Views: 1397

Re: RSUs [how long to hold]

I am currently vesting into RSUs. What is the Boglehead philosophy on whether to hold or sell? Is it best to hold for a year to get capital gains rates or sell once I vest in order to take the money and run? How should I be thinking about this? The entire value of the RSUs that vest is taxed as ord...
by anoop
Mon May 18, 2020 9:47 pm
Forum: Investing - Theory, News & General
Topic: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates
Replies: 79
Views: 7679

Re: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates

I think you can blame the central banks of other countries -- particularly Japan and Europe -- all of whom believe that financial repression is the path to prosperity. How has it worked out for them? I don't see how you can blame the banks for financial repression. As the graph shows, the Fed betwe...
by anoop
Mon May 18, 2020 9:35 pm
Forum: Investing - Theory, News & General
Topic: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates
Replies: 79
Views: 7679

Re: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates

Some posters are writing that rates are low because there is a huge demand for the product ..... Well not exactly --- the big customer has been the fed to the point of their purchasing of debt is called "financial repression" Well, let's look at the data: https://i.postimg.cc/Gmfd3yrs/fredgraph-2.p...
by anoop
Mon May 18, 2020 1:09 pm
Forum: Personal Consumer Issues
Topic: Drop Box Question
Replies: 19
Views: 1396

Re: Drop Box Question

I've got the free version of Dropbox. Using their web site interface, if I hover the mouse over the line-item a "share" pulldown is visible. Is it not for you? Alternately, I can check the box to the left of the line and then on the far right some tools become available, including a Share pulldown....
by anoop
Mon May 18, 2020 12:30 pm
Forum: Investing - Theory, News & General
Topic: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates
Replies: 79
Views: 7679

Re: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates

How many retirees would trade away ultra-low inflation for higher interest rates? This idea that people deserve interest for doing nothing but stashing cash in a liquid government-backed account is strange, really. I think it's strange for money to lose its purchasing power at 2% compounded in perp...
by anoop
Mon May 18, 2020 12:26 pm
Forum: Investing - Theory, News & General
Topic: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates
Replies: 79
Views: 7679

Re: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates

Some posters are writing that rates are low because there is a huge demand for the product ..... Well not exactly --- the big customer has been the fed to the point of their purchasing of debt is called "financial repression" https://www.forbes.com/sites/billybambrough/2020/04/13/donald-trump-and-t...
by anoop
Mon May 18, 2020 12:21 pm
Forum: Investing - Theory, News & General
Topic: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates
Replies: 79
Views: 7679

Re: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates

I don't see rates "normalizing" and could easily envision ZIRP going on for another generation. You are way more optimistic than I am. IMO, there's a higher probably we will exit ZIRP shortly and enter NIRP and never exit from there. Folks should be grateful about a $10,000 a year return on $1M. Wa...
by anoop
Mon May 18, 2020 2:36 am
Forum: Personal Finance (Not Investing)
Topic: How to respond to poor life decision affecting job
Replies: 28
Views: 3188

Re: How to respond to poor life decision affecting job

Sorry to hear about the situation you’re in. I wish I had some words of wisdom but I struggle with similar regrets for various decisions in my life.
by anoop
Sun May 17, 2020 2:07 pm
Forum: Personal Consumer Issues
Topic: Must carry more than one credit card
Replies: 53
Views: 3405

Re: Must carry more than one credit card

A few folks have pointed out that I shouldn't be upset with Citi because this could have happened with any other bank. I'm upset with them for 2 reasons: - Normally they resolve fraud alerts by sending me text and then if I confirm the charge (via text), then they allow it to go through. This time a...
by anoop
Fri May 15, 2020 9:43 pm
Forum: Personal Investments
Topic: Stop me from market timing!
Replies: 36
Views: 2462

Re: Stop me from market timing!

OP, you could follow this guy. :D https://www.marketwatch.com/story/to-survive-the-next-few-months-you-only-need-two-assets-says-this-money-manager-2020-05-14 "We offer a very simple, scalable strategy that involves the S&P 500 ETFs SPY and cash,” being in one or the other, Thomas H. Kee Jr., Presid...
by anoop
Fri May 15, 2020 2:11 pm
Forum: Personal Consumer Issues
Topic: Must carry more than one credit card
Replies: 53
Views: 3405

Must carry more than one credit card

I had a fraudulent charge on my credit card (citi double cash) attempted 2 days ago for which I received a text and answered it wasn't legitimate. I ended up having to call citi and have a new card issued which they overnighted to me. Today I went in to pick up my car from a repair shop. I successfu...
by anoop
Fri May 15, 2020 12:30 am
Forum: Personal Finance (Not Investing)
Topic: Help with some job changes please!
Replies: 17
Views: 1294

Re: Help with some job changes please!

There are so many variables when it comes to making a job decision that even if someone knew you very well and also knew the companies very well, they might have a hard time helping you decide. Your best bet is to go with what feels right for you. Based on the information you have provided, I'd pick...
by anoop
Wed May 13, 2020 2:06 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 10750

Re: Dentist charges $10 for PPE

TomatoTomahto wrote:
Wed May 13, 2020 2:03 pm
...and patients wear masks and gloves.
I have to ask ... how do they work on the patient?
by anoop
Wed May 13, 2020 1:55 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 10750

Re: Dentist charges $10 for PPE

My dentist says they are also seeing fewer patients to try and keep a gap between patients so the waiting area is sparingly used if at all.

So all told I did not find the $20 PPE charge unreasonable when I read about it.
by anoop
Wed May 13, 2020 1:53 pm
Forum: Investing - Theory, News & General
Topic: Reacting to low interest rates
Replies: 80
Views: 5944

Re: Reacting to low interest rates

Me again. I just reduced my savings down to 2-2.5 months of expenses, which ultimately meant investing a fairly large (1.4% of total portfolio) lump sum into the market, since in my AA stocks were a few percent light. I'm just not content with any significant amount earning 1.25% and paying ordinar...
by anoop
Wed May 13, 2020 1:50 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 10750

Re: Dentist charges $10 for PPE

I just got an email from mine saying they'll be charging $20 for PPE each visit.
by anoop
Wed May 13, 2020 1:45 pm
Forum: Investing - Theory, News & General
Topic: Reacting to low interest rates
Replies: 80
Views: 5944

Re: Reacting to low interest rates

I was buying individual t-bills but I have stopped. I'm trying to understand how munis work since they seem to pay a lot more interest. I intend to buy only highly rated ones. The only other alternative appears to be online savings account but I don't want to open a bunch of new accounts after only...
by anoop
Tue May 12, 2020 7:29 pm
Forum: Investing - Theory, News & General
Topic: Reacting to low interest rates
Replies: 80
Views: 5944

Re: Reacting to low interest rates

I'm wondering if stock marked indexed CDs now become a no brainer. There don't seem to be very many of them around, though.
by anoop
Mon May 11, 2020 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: So the federal govt mandated free (tele)-healthcare doctor visits!?
Replies: 4
Views: 908

Re: So the federal govt mandated free (tele)-healthcare doctor visits!?

I don't know if it applies to all visits. I had a specialist visit over video last month and have been billed my $50 copay.
by anoop
Mon May 11, 2020 9:46 pm
Forum: Investing - Theory, News & General
Topic: Reacting to low interest rates
Replies: 80
Views: 5944

Re: Reacting to low interest rates

I was buying individual t-bills but I have stopped. I'm trying to understand how munis work since they seem to pay a lot more interest. I intend to buy only highly rated ones. The only other alternative appears to be online savings account but I don't want to open a bunch of new accounts after only ...
by anoop
Mon May 11, 2020 9:37 pm
Forum: Personal Consumer Issues
Topic: Front load washing machine recommendations
Replies: 98
Views: 4656

Re: Not Asko

I would have bought an Asko except that the reviews of the new ones aren't good. Because Gorenje shifted manufacturing from Sweden to Slovenia and let quality degrade. If you want the “old” Asko quality, you buy Miele. If you want the current Asko quality, you buy Beko. Since 2018, Gorenje are them...
by anoop
Mon May 11, 2020 6:58 pm
Forum: Personal Consumer Issues
Topic: Front load washing machine recommendations
Replies: 98
Views: 4656

Re: Front load washing machine recommendations

I don't know why more manufacturers did not use the design pioneered by Asko which gets rid of the chance of mildew by eliminating the rubber gasket. https://youtu.be/GTKr1uvZ3Vg?t=29 I have see this on some commercial machines in laundromats but not aware of any other consumer brand that offers thi...
by anoop
Mon May 11, 2020 4:42 pm
Forum: Personal Consumer Issues
Topic: Front load washing machine recommendations
Replies: 98
Views: 4656

Re: Front load washing machine recommendations

-Don’t overfill your washer. The clothes need space to tumble. I stuff my machine all the time. Once wet, there is plenty of space for the clothes to move around. https://www.youtube.com/watch?v=LJlUsColfMo https://www.youtube.com/watch?v=sqFgICKlvdU Usually, the machine has a weight rating, and th...
by anoop
Sat May 09, 2020 7:45 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18785
Views: 2626452

Re: U.S. stocks in free fall

Triple digit golfer wrote:
Sat May 09, 2020 7:40 pm
Forester wrote:
Sat May 09, 2020 7:36 pm
Bitcoin selling off is ominous for stocks; Bitcoin has been leading the stock market since late 2017.
I ate more ketchup before each of the last two stock market crashes. My ketchup consumption leads the stock market.
Please let us know when you next start consuming more ketchup!
by anoop
Fri May 08, 2020 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 656
Views: 86522

Re: Best CD rates thread

It's currently kind of a moot point within the context of this thread, since you won't find "best CD rates" for brokered CDs (compared to direct CDs). And the difference is quite large right now! The money market account yield 0.01%, short term t bills around 0.1% (10x difference) and a short term ...
by anoop
Fri May 08, 2020 1:13 am
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 656
Views: 86522

Re: Best CD rates thread

With new issue brokered CDs, do you always get the rate at which it is advertised or is there any chance that it is oversubscribed and so you get a lower rate as sometimes happens with buying treasuries at auction?
by anoop
Thu May 07, 2020 11:02 pm
Forum: Investing - Theory, News & General
Topic: "The economy is in free fall. So why isn't the stock market?"
Replies: 153
Views: 15207

Re: "The economy is in free fall. So why isn't the stock market?"

There's only so much toilet paper you can buy before the trillions of dollars must be used to buy something, anything. And since stocks are the only thing that don't need any storage space (unlike oil and even gold), ...
by anoop
Wed May 06, 2020 11:18 pm
Forum: Personal Consumer Issues
Topic: Worth Buying a Used Phone on Swappa?
Replies: 28
Views: 1553

Re: Worth Buying a Used Phone on Swappa?

Battery can be bad after one year of use depending on how many cycles it’s been through and the kind of temperatures the phone was subject to.

If looking for Apple phones definitely check out the official refurbished store.
https://www.apple.com/shop/refurbished/iphone
by anoop
Tue May 05, 2020 10:17 pm
Forum: Investing - Theory, News & General
Topic: Understanding single stock risk
Replies: 14
Views: 1229

Re: Understanding single stock risk

Is price to book any indication? If so, it does look very undervalued at this time. My guess is someone (private equity possibly) will pick it up and make out like a bandit by stripping it completely of its assets.
by anoop
Tue May 05, 2020 3:28 pm
Forum: Personal Consumer Issues
Topic: Front load washing machine recommendations
Replies: 98
Views: 4656

Re: Front load washing machine recommendations

Consumer Reports has done several articles on these. If I were buying one I would definitely spring the $25/yr for online access to read the articles. As mentioned up-thread, mildew can be a big problem. It is now $39/year, not $25. https://www.consumerreports.org/join?INTKEY=I810LM0MU When I start...