Search found 260 matches

by Gattamelata
Fri Feb 05, 2021 2:49 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4028
Views: 192890

Re: [GameStop GME trading mega-thread]

If you sold $400+ gold medal If you sold $300+ silver If you sold $200+ bronze If you’re still holding shares- open your bag and and look inside. It’s empty except for a small note that says “IOU one squeeze 😉 - LUV DFV ❤️ “ DFV? I'd argue you're more culpable than he is. People, especially ones in...
by Gattamelata
Tue Feb 02, 2021 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Using our 401(k) to owe less taxes
Replies: 22
Views: 1303

Re: Using our 401(k) to owe less taxes

Usually when I take a new job I have to fill out a tax form that includes electing a withholding amount. Was that not the case for you? It may be that your withholding amount is a matter of your own choosing. In any case, you can change it.
by Gattamelata
Tue Feb 02, 2021 4:49 pm
Forum: Investing - Theory, News & General
Topic: Madness of Crowds
Replies: 104
Views: 8192

Re: Madness of Crowds

delamer wrote: Tue Feb 02, 2021 4:44 pm It fascinates me that people get so psychologically invested (pun intended) in their approach. Why the need to convince others of their righteousness?
Intriguing. What's the return on this investment you speak of? Is the price going up? Is it a good opportunity?
by Gattamelata
Tue Feb 02, 2021 4:23 pm
Forum: Investing - Theory, News & General
Topic: Madness of Crowds
Replies: 104
Views: 8192

Re: Madness of Crowds

Considering the original “Extraordinary Popular Delusions & the Madness of Crowds” was written in 1841 it’s highly likely that we’ve been through many of these fads and scares before. Indeed some of the current ones appear to be repurposed for the Internet era. The scare stories make for better...
by Gattamelata
Tue Feb 02, 2021 12:36 pm
Forum: Investing - Theory, News & General
Topic: 401K Contributions. Why a percentage?
Replies: 29
Views: 1924

Re: 401K Contributions. Why a percentage?

The various systems I use allow either a percentage or a dollar amount. I have never seen one that allows anything like "Max," which does frustrate me a bit. I think the trouble with "Max" is that it could be interpreted to mean "fill the account as fast as possible," w...
by Gattamelata
Tue Feb 02, 2021 12:14 am
Forum: Personal Consumer Issues
Topic: Any hand written letter services out there that write and mail on your behalf?
Replies: 32
Views: 4289

Re: Any hand written letter services out there that write and mail on your behalf?

I am finding in this day and age that a personal hand written letter goes much further than emails...especially when corresponding with banks, hospitals , warranty claims, shopping quotes, etc. Corresponding with hospitals? "Please disconnect dear mother from life support. Warmest Regards, Ras...
by Gattamelata
Tue Feb 02, 2021 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Comparing pension options
Replies: 36
Views: 2444

Re: Comparing pension options

I have 3 options for my state pension: 1. $6100/month and my beneficiary would receive remainder of accumulated $260,000 pension value, less $2,000 for each month I've received pension. This remainder value will reduce to zero in about 11 years. 2. $5,800/month and my beneficiary receives $2,900/mo...
by Gattamelata
Mon Feb 01, 2021 11:40 pm
Forum: Personal Consumer Issues
Topic: New Garbage Disposal Time?
Replies: 26
Views: 1326

Re: New Garbage Disposal Time?

Sandtrap wrote: Mon Feb 01, 2021 6:37 pm Yes. Replace your Garbage Disposal.

Notes:
This amazing post evoked two reactions in me:
  1. "Wow, I wish I had access to this kind of expertise when I owned a house."
  2. "Wow, I'm so glad I got rid of my house!"
Thanks for sharing your knowledge, Sandtrap.
by Gattamelata
Fri Jan 29, 2021 7:02 pm
Forum: Investing - Theory, News & General
Topic: I still believe in “getting rich slowly”
Replies: 91
Views: 8639

Re: I still believe in “getting rich slowly”

But unless you've sold, you haven't made money. Especially if it falls 40% again (which it will). You're being told to act like a hive mind and "NOT SELL". How do you make money if you "DON'T SELL"?? People are buying this for different reasons. Not all are trying to stick it to...
by Gattamelata
Fri Jan 29, 2021 6:14 pm
Forum: Investing - Theory, News & General
Topic: I still believe in “getting rich slowly”
Replies: 91
Views: 8639

Re: I still believe in “getting rich slowly”

2) it is a habit. I have never seen a person in my life who makes 500% gain on something on a week and never play the game again in their lifetimes. When i give you a dice and ask to get 6 on a roll you can get it with some probability. When i give you two dices and ask get 6 and 6 it will be harde...
by Gattamelata
Fri Jan 29, 2021 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Would you accept this job offer?
Replies: 28
Views: 3095

Re: Would you accept this job offer?

I do know the folks in the new job. I am not unhappy in my current role. The question is really does the big increase in base salary and the potential much higher bonus outweigh the unknown cost of higher ACA premiums and possible higher costs due to the higher out of pocket maximum vs my retiree p...
by Gattamelata
Fri Jan 29, 2021 1:13 pm
Forum: Personal Investments
Topic: 1999 – 2009 “The Lost Decade” experience
Replies: 52
Views: 3046

Re: 1999 – 2009 “The Lost Decade” experience

corpblues: My questions is, how did you successfully manage your personal investments during the 1999-2009 lost decade? Corpblues, you have to remember that no one knew it was a lost decade, not at 3 years, not at 6 years and not even at 10 years. Maybe there were some adjustments, but basically in...
by Gattamelata
Wed Jan 27, 2021 4:06 pm
Forum: Personal Consumer Issues
Topic: Where do you keep the original of your will?
Replies: 69
Views: 5096

Re: Where do you keep the original of you will?

We had such a case where we think that someone who would be much better off absent the Will caused it to go missing. Areas like this are where I think blockchain (the technology underlying bitcoin) has a lot of promise. Rather than relying on something as contingent and risky as a physical copy of ...
by Gattamelata
Tue Jan 26, 2021 5:40 pm
Forum: Personal Investments
Topic: Pension / 457b Question
Replies: 33
Views: 2269

Re: Pension / 457b Question

One thing to keep in mind is that you're planning to retire at 50 with 85k in pension income, and to continue working on top of that. That you will have so much income after retirement limits your opportunity to do Roth conversions. Conventional advice around here is to take the time between retirem...
by Gattamelata
Tue Jan 26, 2021 2:36 pm
Forum: Investing - Theory, News & General
Topic: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“
Replies: 862
Views: 53407

Re: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“

And it meets the definition of "speculation". Your entire return is based on someone else valuing it more highly than you do. But there's no intrinsic "worth" there. There's no potential for it to pay dividends or distribute cash flow. (Crypto lending appears to be a thing, gene...
by Gattamelata
Tue Jan 26, 2021 2:19 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4028
Views: 192890

Re: GameStop GME: anyone joining?

- Is it possible to learn this power, to have double-digit daily gains? :o - Not from a Boglehead. :twisted: Does this feel like a burn to you? It's not. It's exactly right. Bogle's philosophy was not to chase returns like this, but to get the market return. An equally devastating take: - Who has t...
by Gattamelata
Tue Jan 26, 2021 2:13 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4028
Views: 192890

Re: GameStop GME: anyone joining?

This is starting to feel personal. CNBC talked about how this might be a foreign power manipulating the market and that they're trying to crash the ENTIRE market by buying Gamestock. That the situation on reddit needed to be investigated. You've got to be kidding. And of the 6 or so panelists on CN...
by Gattamelata
Mon Jan 25, 2021 10:17 pm
Forum: Personal Investments
Topic: Any boring investors left?
Replies: 223
Views: 13416

Re: Any boring investors left?

Is it boring if it frees up time to do interesting things?
by Gattamelata
Mon Jan 25, 2021 9:28 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4028
Views: 192890

Re: GameStop GME: anyone joining?

Also, if trading at $100/share, GME has roughly a 1x revenue multiple. High for retail? yes. High for a company trying to pivot in light of low interest rates, excess liquidity, and low debt? Absolutely not. I sold all my positions at a nice profit, but I will now support this company forever becau...
by Gattamelata
Mon Jan 25, 2021 8:53 pm
Forum: Investing - Theory, News & General
Topic: How to understand all that's going on with GME [GameStop]
Replies: 156
Views: 17093

Re: How to understand all that's going on with GME [GameStop]

Matt Levine at Bloomberg has a good take as usual https://www.bloomberg.com/opinion/articles/2021-01-25/the-game-never-stops Basically... 10% fundamentals, 20% market microstructure, 70% good old fashioned HYPE. Thanks for sharing this article, it was an interesting read. From his section about the...
by Gattamelata
Mon Jan 25, 2021 5:14 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4028
Views: 192890

Re: GameStop GME: anyone joining?

Even if you think their business model is garbage, they have too much cash and revenue to go bankrupt in the immediate future. In a few years? Different story then. What will happen between now and then that will convince you it's time to sell? Put another way: holding a stock is holding a share in...
by Gattamelata
Mon Jan 25, 2021 2:02 pm
Forum: US Chapters
Topic: Happy 97th Birthday, Taylor Larimore
Replies: 146
Views: 5815

Re: Happy 97th Birthday, Taylor Larimore

For those unfamiliar with the Battle of the Bulge, some context for why Mr. Larimore's service is so highly regarded might be welcome. In December of 1944, it was the twilight of the war in Europe. Allied High Command largely thought that Germany was permanently on the defensive. The Ardennes forest...
by Gattamelata
Mon Jan 25, 2021 12:06 am
Forum: Investing - Theory, News & General
Topic: Is Bengen’s Work Reliable?
Replies: 49
Views: 2645

Re: Is Bengen’s Work Reliable?

If nisiprius vandalized my home, I doubt I could stay mad for long. The graffiti would probably be elegantly rendered in a beautiful color, and I'd learn something fascinating along the way. :mrgreen: The Bogleheads De-Credentialing Committee keeps hoping that nisi will just spray paint "STAY ...
by Gattamelata
Sun Jan 24, 2021 4:53 pm
Forum: Investing - Theory, News & General
Topic: How to profit from irrational behavior?
Replies: 63
Views: 5236

Re: How to profit from irrational behavior?

can a small position allow a conservative investor to ride the wave a little, without market timing? This bit of the OP jumped out at me as a contradiction. If you're not market timing, then are you going to buy and hold this small position? Or do you have some objective criteria that you omitted f...
by Gattamelata
Sun Jan 24, 2021 4:31 pm
Forum: Investing - Theory, News & General
Topic: Is Bengen’s Work Reliable?
Replies: 49
Views: 2645

Re: Is Bengen’s Work Reliable?

It's not what you are saying. Bengen has a history of market-timing. This is from during the 2008-9 crisis, and we don't know his results: Okay. I still don't see the connection with the Trinity study. How to draw money down without running out has no necessary connection with how to accumulate it....
by Gattamelata
Sun Jan 24, 2021 3:48 pm
Forum: Investing - Theory, News & General
Topic: Is Bengen’s Work Reliable?
Replies: 49
Views: 2645

Re: Is Bengen’s Work Reliable?

Look at this from another direction. Let's say a new poster here shows up and says "I have been reading this forum for years and had a 70/30 allocation, but I have grown increasingly nervous about it and so yesterday I changed to 60/40. I'm conflicted about the decision, and I need some advice....
by Gattamelata
Sun Jan 24, 2021 3:31 pm
Forum: Investing - Theory, News & General
Topic: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“
Replies: 862
Views: 53407

Re: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“

If people would take the time to actually research and - better yet - use crypto, we could have a more informed debate. ... If you have never heard of Aave, why are you commenting on crypto? Seriously. It’s like discussing the future of internet commerce and yet never having used or even heard of A...
by Gattamelata
Sun Jan 24, 2021 3:26 pm
Forum: Investing - Theory, News & General
Topic: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“
Replies: 862
Views: 53407

Re: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“

The most tiresome current trend on these forums to my mind is the periodic posts from crypto advocates who seem dismayed that Bogleheads are not stripping down and joining in the ecstatic frenzy. Sometimes it's outright disappointment, sometimes the dismay takes the form of aggression - calling peop...
by Gattamelata
Sat Jan 23, 2021 4:07 pm
Forum: Personal Investments
Topic: Pre-SECURE ACT inherited IRA strategy
Replies: 4
Views: 458

Re: Pre-SECURE ACT inherited IRA strategy

Perhaps my situation will help illustrate. I have an inherited IRA, and an inherited inherited IRA, both pre-SECURE. The practical difference between them is that the inherited IRA is withdrawn across my life expectancy, while the inherited inherited IRA is withdrawn across my father's life expectan...
by Gattamelata
Fri Jan 22, 2021 3:17 pm
Forum: Personal Consumer Issues
Topic: Work from home getting harder
Replies: 95
Views: 7281

Re: Work from home getting harder

Any tips for how to go about saying no? Like, I’m too busy right now but could help manage it if we hire another person to work on that project or help me with this other project? Or do you just say “No.”? finite_difference, I am working on X and Y now. If you want me to work on Z, it will not be d...
by Gattamelata
Fri Jan 22, 2021 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: What defines being successful?
Replies: 50
Views: 2769

Re: What defines being successful?

ChrisO, you're getting a lot of great advice here. I'd like to call out two things that I've read here as being especially resonant to my experiences. The first is LittleMaggieMae's post, all of which is excellent. You get to decide if you are successful or not. Or, you can chase after what you hear...
by Gattamelata
Fri Jan 22, 2021 2:24 am
Forum: Investing - Theory, News & General
Topic: Why Vanguard?
Replies: 77
Views: 6926

Re: Why Vanguard?

I imagine that if Vanguard disappeared tomorrow, management fees at Fidelity would increase the day after. I'd rather stick with the institution that is committed to individual-friendly fee structures over the institution that grudgingly offered them after getting clobbered. Incidentally, one of my ...
by Gattamelata
Thu Jan 21, 2021 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Who or what has helped the most in your financial journey?
Replies: 121
Views: 7279

Re: Who or what has helped the most in your financial journey?

I think there are two major events. First, When I was in grade school, my mom told me that if you saved money, it could make more money for you, and that if you had enough it could pay for your food and clothes and you wouldn't have to work a day in your life. I didn't understand how (neither did sh...
by Gattamelata
Thu Jan 21, 2021 2:10 pm
Forum: Investing - Theory, News & General
Topic: Signs of Bubble logic - greed overcoming fear
Replies: 212
Views: 18992

Re: Signs of Bubble logic - greed overcoming fear

The BS was not there 10-15 years ago. Or at least not to the extent it exists today. Those who went into medicine 18 years ago (4 years of med school and 4 years of residency) would not be able to predict what it is like today. I am not discounting that BS is ubiquitous in all industries. I am simp...
by Gattamelata
Wed Jan 20, 2021 11:35 pm
Forum: Personal Investments
Topic: Roth IRA conversion with consideration of different return rates by account type
Replies: 7
Views: 495

Re: Roth IRA conversion with consideration of different return rates by account type

trichebacher wrote: Wed Jan 20, 2021 10:19 pm would it be appropriate to incorporate expected return by account type if investment styles by account type differ?
I'm confused by the phrase "if investment styles by account type differ." What is an investment style? Why would an investment style differ by account?
by Gattamelata
Wed Jan 20, 2021 2:13 pm
Forum: Investing - Theory, News & General
Topic: Robinhood Stock Strategy
Replies: 12
Views: 1006

Re: Robinhood Stock Strategy

Buying or selling has an effect on the price of the security that is being transacted. So following this strategy means you're participating in sustaining the trend. It also means you're competing against all of the other people using this method. Because your only criterion is the price, you have p...
by Gattamelata
Wed Jan 20, 2021 1:59 pm
Forum: Investing - Theory, News & General
Topic: Signs of Bubble logic - greed overcoming fear
Replies: 212
Views: 18992

Re: Signs of Bubble logic - greed overcoming fear

The trick is to ALWAYS assume that the market could crash 50% tomorrow and stay down for a while... Because it might. The risk is never zero. So pick an Asset Allocation with that assumption in mind. And then you don't have to worry about it anymore. You no longer have to watch for signs of a "...
by Gattamelata
Wed Jan 20, 2021 1:45 pm
Forum: Investing - Theory, News & General
Topic: Signs of Bubble logic - greed overcoming fear
Replies: 212
Views: 18992

Re: Signs of Bubble logic - greed overcoming fear

A doctor of all people should know to consult widely with those with expertise. They would all know you invest. They could ask your opinion. More to the point they could listen to it. You obviously have many years of investing and financial experience behind you. William Bernstein (a neurologist) s...
by Gattamelata
Wed Jan 20, 2021 1:35 pm
Forum: Investing - Theory, News & General
Topic: Signs of Bubble logic - greed overcoming fear
Replies: 212
Views: 18992

Re: Signs of Bubble logic - greed overcoming fear

Yes I like that one. People planning to retire at unrealistically young ages (35-49 say) on the basis of extrapolation of returns . Unless they have done an IPO and cashed out, it's very unlikely to play out that way. The period 2000-2010 looms large in my mind - as an dot com ex millionaire (on pa...
by Gattamelata
Tue Jan 19, 2021 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Job Update
Replies: 28
Views: 3239

Re: Job Update

So I have it narrowed down to 2 jobs. highlights. Job 1 ... I Was offered the job and HAD to take it, so I start Tuesday. If I didnt except recruiter was threatening to pull the offer ... So how do I tell new job maybe in my first week of work I am leaving, Beyond saying, "I'm resigning,"...
by Gattamelata
Tue Jan 19, 2021 3:10 pm
Forum: Non-US Investing
Topic: US citizen facing early retirement in Germany..How to go about managing finances
Replies: 15
Views: 1860

Re: US citizen facing early retirement in Germany..How to go about managing finances

I found this website that seems to have a good overview (under the Advocacy menu item) of issues facing US citizens who move abroad. It explains in particular the difficulties around investing and being caught between US and European laws and reporting requirements.

American Citizens Abroad.
by Gattamelata
Mon Jan 18, 2021 3:44 pm
Forum: Investing - Theory, News & General
Topic: International stocks: If not now, then when?
Replies: 172
Views: 17540

Re: International stocks: If not now, then when?

JoMoney wrote: Mon Jan 18, 2021 9:28 am But political contention is everywhere... except maybe China, I've never heard anyone in China opposing a political view .
Wow. Is that actually true, or are you just being glib?
by Gattamelata
Fri Jan 15, 2021 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Options for healthcare during FIRE (but before 65)?
Replies: 141
Views: 10472

Re: Options for healthcare during FIRE (but before 65)?

For your hypothetical german with excellent healthcare, their average taxes are 45% starting at wages of 65k. Is this ‘stinky’ enough? Do you have a source for this? What I see for 2019 is that 45% is the highest tax bracket and starts at 265k income for single people and 530k for couples. Below th...
by Gattamelata
Fri Jan 15, 2021 4:11 pm
Forum: Personal Investments
Topic: How do you maintain discipline during Volatility?
Replies: 52
Views: 2707

Re: How do you maintain discipline during Volatility?

I do a couple of things. First, I try always to keep in mind that the big number that financial institutions display prominently to me is an estimate, and purely representative of one possibility. This goes both ways. In times when it's high, this makes me think, "I might not actually be this r...
by Gattamelata
Fri Jan 15, 2021 3:37 pm
Forum: Personal Investments
Topic: Retiring early from windfall, mid 30s, what is the correct asset allocation to use?
Replies: 85
Views: 9065

Re: Retiring early from windfall, mid 30s, what is the correct asset allocation to use?

Cigna insurance, it's worldwide (except USA) insurance. Very good policies, includes full cancer treatment and everything. The different amounts are just whether I pick the $5k deductible plan, or $0 deductible plan. And do they not charge higher premiums for a 55 year old than for a 35 year old? T...
by Gattamelata
Fri Jan 15, 2021 3:32 pm
Forum: Personal Investments
Topic: BRK-A versus Vanguard TSM
Replies: 20
Views: 1637

Re: BRK-A versus Vanguard TSM

I haven't seen it mentioned here yet: Berkshire A shares can make rebalancing very difficult because of their high share price. I have a relative who is a fan of Berkshire and who is constantly badgering me to participate in ownership. She tells me about how special it has been for her to own it ove...
by Gattamelata
Fri Jan 15, 2021 3:07 pm
Forum: Personal Investments
Topic: Retiring early from windfall, mid 30s, what is the correct asset allocation to use?
Replies: 85
Views: 9065

Re: Retiring early from windfall, mid 30s, what is the correct asset allocation to use?

I'm having trouble understanding your budget. Why does your health insurance cost go up depending on how much you expect to be able to withdraw safely from your portfolio? I've never had an insurance plan that worked that way. Is this a budget for the first year of retirement, or all years of retire...
by Gattamelata
Tue Dec 29, 2020 1:41 am
Forum: Personal Consumer Issues
Topic: Are Strong Passwords Really Necessary?
Replies: 313
Views: 15428

Re: Are Strong Passwords Really Necessary?

Remind yourself that people somehow got through an entire work day before the internet existed. At one point, people got through an entire work day without phones either. The internet is an essential part of modern life in the US. So are you saying that you spend a lot of time making personal phone...
by Gattamelata
Tue Dec 29, 2020 1:23 am
Forum: Personal Consumer Issues
Topic: Are Strong Passwords Really Necessary?
Replies: 313
Views: 15428

Re: Are Strong Passwords Really Necessary?

I can tell you that the sophistication of attacking techniques and amount of computing power available to cyberthieves today is far greater than it was 20 years ago. Just avoiding silly passwords like password123 may have been sufficient at one time, but it is not sufficient today. Yes, the control...
by Gattamelata
Mon Dec 28, 2020 7:25 pm
Forum: Personal Consumer Issues
Topic: Are Strong Passwords Really Necessary?
Replies: 313
Views: 15428

Re: Are Strong Passwords Really Necessary?

For the accounts I care about, mostly financial accounts, I would hope Fidelity or Schwab or Vanguard never have their password database compromised to begin with. If it was compromised, I would hope Fidelity or Schwab or Vanguard would be smart enough to detect it within a matter of days. I would ...