Search found 201 matches

by IlliniSigEp
Wed Mar 18, 2015 4:59 pm
Forum: Investing - Theory, News & General
Topic: [New Member Observations- Covered Calls, Financial Advisors]
Replies: 227
Views: 48229

Re: Observations from a first time poster, long time reader.

From one financial professional to another, you are missing a couple key points. I am a professional option market maker, and there are a couple things you want to think about when you consider selling covered calls. 1) You aren't selling to gamblers, you are selling to options market makers (ie pro...
by IlliniSigEp
Tue Oct 14, 2014 11:03 am
Forum: Investing - Theory, News & General
Topic: iShares Core Pacific to TLH Vanguard Pacific ?
Replies: 0
Views: 270

iShares Core Pacific to TLH Vanguard Pacific ?

Anyone using/used IPAC (iShares Core MSCI Pacific ETF) to tax loss harvest against Vanguard Pacific Index/ETF ? At 0.14% ER, seems like a good alternative, but wanted to know if anyone had experience with this product? They also have IEUR at 0.14% for Europe which would seem to be a good tax loss pa...
by IlliniSigEp
Fri Aug 01, 2014 8:15 am
Forum: Personal Investments
Topic: How Much Did You Lose Today?
Replies: 166
Views: 20928

Re: How Much Did You Lose Today?

I had quite a bit of free cash and invested it like a good Boglehead. Too bad I did it the day before the selloff. So I ate 2% on that new injection! Ouch! My timing is amazing, oh well, won't remember this at all in 10 years.
by IlliniSigEp
Thu Apr 10, 2014 9:06 am
Forum: Investing - Theory, News & General
Topic: REITS up (Still impossible to time the mkt)
Replies: 13
Views: 2700

REITS up (Still impossible to time the mkt)

REITS

Not particularly informative, but I felt like there was a lot of REIT doom and gloom going around.

-Dave
by IlliniSigEp
Fri Apr 04, 2014 3:26 pm
Forum: Investing - Theory, News & General
Topic: Help me understand Michael Lewis' "Flash Boys"
Replies: 175
Views: 38195

Re: Help me understand Michael Lewis' "Flash Boys"

Michael Lewis writes that the problem with SIP is that it updates too slowly. It may be accurate as of a second ago, while the HFTers are acting, and seeing pricing, hundreds or thousands of times faster. BTW, Lewis also writes about a variety of types of orders that appear to have no purpose other...
by IlliniSigEp
Fri Apr 04, 2014 2:05 pm
Forum: Investing - Theory, News & General
Topic: Help me understand Michael Lewis' "Flash Boys"
Replies: 175
Views: 38195

Re: Help me understand Michael Lewis' "Flash Boys"

I really am not trying to be Cpt. HFT, but I guess I will be for sake of discussion! Jack's house analogy has some issues. The situation would be more like this, there are 2 houses for sale, both for $100. You walk over to one house and buy it for $100. Your neighbor sees you do that, figures you mi...
by IlliniSigEp
Fri Apr 04, 2014 1:54 pm
Forum: Investing - Theory, News & General
Topic: Help me understand Michael Lewis' "Flash Boys"
Replies: 175
Views: 38195

Re: Help me understand Michael Lewis' "Flash Boys"

new rules are required to reestablish the fairness of the market.Victoria I promise you the market is far more "fair" now than it ever has been. In the days of the floor, Vanguards large order would be exposed to a bunch of ex-jock, ivy-leaguers standing around with all their other ex-jock, ivy-lea...
by IlliniSigEp
Fri Apr 04, 2014 1:00 pm
Forum: Investing - Theory, News & General
Topic: Help me understand Michael Lewis' "Flash Boys"
Replies: 175
Views: 38195

Re: Help me understand Michael Lewis' "Flash Boys"

Arg... So much misinformation. For "the other side" of the issue, I suggest... http://www.bloombergview.com/articles/2014-03-31/michael-lewis-doesn-t-like-high-frequency-traders http://tabbforum.com/opinions/no-michael-lewis-the-us-equities-market-is-not-rigged http://scottlocklin.wordpress.com/2014...
by IlliniSigEp
Mon Nov 25, 2013 1:59 pm
Forum: Personal Investments
Topic: Roll IRA to 401k to open up ROTH backdoor?
Replies: 8
Views: 754

Re: Roll IRA to 401k to open up ROTH backdoor?

Ah... I am following now. Very good point, I wasn't thinking about just converting and taking the tax hit today. I will spreadsheet this all up and check it out. It is more complex than I was thinking.
by IlliniSigEp
Mon Nov 25, 2013 8:19 am
Forum: Personal Investments
Topic: Roll IRA to 401k to open up ROTH backdoor?
Replies: 8
Views: 754

Re: Roll IRA to 401k to open up ROTH backdoor?

There shouldn't be any tax consideration for moving a TIRA to a 401k. Doing backdoor ROTH conversions is a tax free thing as well. I think I am OK there. The point about job length for wifey is a good one. She will probably have her terrible 401k plan for a long while so the money moved into it from...
by IlliniSigEp
Sun Nov 24, 2013 11:35 am
Forum: Personal Investments
Topic: Roll IRA to 401k to open up ROTH backdoor?
Replies: 8
Views: 754

Roll IRA to 401k to open up ROTH backdoor?

Would you do this? Both scenarios are to open up ability to do backdoor ROTH IRA conversions and not have Traditional IRA money at all. Roll my Vanguard IRA (~70k) to employers Vanguard 401k. 401k does not have admiral shares, so this probably cost an extra .1% ER, or $70 a year. Roll wife's Vanguar...
by IlliniSigEp
Mon Jun 03, 2013 11:43 am
Forum: Personal Consumer Issues
Topic: Where to stay in Barcelona
Replies: 14
Views: 1145

Re: Where to stay in Barcelona

Just returned as well. My vote would be in El Born district. Near the Juame metro stop. You are near the wonderful market which is mostly locals, not like the market on las ramblas. Cheap breakfast and great stuff for lunch or snack. Lots of great restaurants. A little more hip and less touristy.
by IlliniSigEp
Sun Jun 02, 2013 2:38 pm
Forum: Investing - Theory, News & General
Topic: VXX has lost 99% of its value, but is incredibly popular
Replies: 4
Views: 2023

Re: VXX has lost 99% of its value, but is incredibly popular

VXX holds a portfolio of futures with a constant duration meaning it is constantly selling the front month future to buy the back month future. VIX futures have been more expensive in the back month relative to the front month, so they are constantly buying higher priced back dated futures as they s...
by IlliniSigEp
Wed Oct 10, 2012 10:31 am
Forum: Investing - Theory, News & General
Topic: TradersMag: Sauter Interview Series
Replies: 2
Views: 498

TradersMag: Sauter Interview Series

Not sure if this was posted yet, but I thought it would be of interest to the forum. Three part series on a range of topics.

Part 1
Part 2
Part 3
by IlliniSigEp
Sat Oct 06, 2012 1:51 pm
Forum: Investing - Theory, News & General
Topic: How do HFT get around the SEC fee?
Replies: 9
Views: 1392

Re: How do HFT get around the SEC fee?

ftobin wrote:
IlliniSigEp wrote:Easy answer, they don't. An HFT firm trading for its prop account pays SEC on every sale. Known as FINRA fee as well.
I'm pretty sure FINRA collects TAF, and the SEC has its own fees.
Ah! You are correct, mistake on my part, I had both the regulatory fees lumped together in my brain.
by IlliniSigEp
Fri Oct 05, 2012 6:33 pm
Forum: Investing - Theory, News & General
Topic: How do HFT get around the SEC fee?
Replies: 9
Views: 1392

Re: How do HFT get around the SEC fee?

Easy answer, they don't. An HFT firm trading for its prop account pays SEC on every sale. Known as FINRA fee as well.
by IlliniSigEp
Wed Sep 19, 2012 9:37 am
Forum: Personal Investments
Topic: Building Vanguard 401k for Company - Review
Replies: 36
Views: 2552

Re: Building Vanguard 401k for Company - Review

Just wanted to say thanks to everyone for their input, I always know I can count on the forum for great guidance!

-Dave
by IlliniSigEp
Tue Sep 18, 2012 9:39 am
Forum: Personal Investments
Topic: Building Vanguard 401k for Company - Review
Replies: 36
Views: 2552

Re: Building Vanguard 401k for Company - Review

If you want to include value tilts you should also include growth tilts. You may not agree -- but you are pushing your opinions onto others who might have a different perspective. Overall, I would look to the federal employee thrift savings plan for guidance and an approach to simplicity. C Fund - ...
by IlliniSigEp
Tue Sep 18, 2012 8:11 am
Forum: Personal Investments
Topic: Building Vanguard 401k for Company - Review
Replies: 36
Views: 2552

Re: Building Vanguard 401k for Company - Review

Why TIPS in a 401(k)? Would that not confuse the participants? Already a TIPS fund doesn't report the effective yield that is comparable to the yield on other bond funds, so everyone is always confused. After all, who wants to own VIPSX with its -0.91% yield while the Fidelity Spartan inflation-pro...
by IlliniSigEp
Mon Sep 17, 2012 4:23 pm
Forum: Personal Investments
Topic: Building Vanguard 401k for Company - Review
Replies: 36
Views: 2552

Re: Building Vanguard 401k for Company - Review

You're doing a great thing for your company's employees. Your proposed line-up is not bad at all. Only potential criticism is that you might be giving employees too many choices. Those are a lot of bond funds, for example. Are most of your company's employees nearing retirement? Actually everyone i...
by IlliniSigEp
Mon Sep 17, 2012 4:19 pm
Forum: Personal Investments
Topic: Building Vanguard 401k for Company - Review
Replies: 36
Views: 2552

Re: Building Vanguard 401k for Company - Review

Does the company have to pay vanguard? Do employees pay anything besides ER? Are the expense ratios the same? Any catches? You have the option to have the record keeping expenses come from the employees accounts or the company just pays. We were previously with Fidelity and the fees are much cheape...
by IlliniSigEp
Mon Sep 17, 2012 2:57 pm
Forum: Personal Investments
Topic: Building Vanguard 401k for Company - Review
Replies: 36
Views: 2552

Re: Building Vanguard 401k for Company - Review

Currently the default will be the Target Date Funds based on employee age. We will have all the various dated funds available.
by IlliniSigEp
Mon Sep 17, 2012 1:48 pm
Forum: Personal Investments
Topic: Building Vanguard 401k for Company - Review
Replies: 36
Views: 2552

Building Vanguard 401k for Company - Review

Hi All, I have convinced my company to move its 401k plan to Vanguard. I was put in the position of initial fund lineup selection, want to get the groups opinion. Please chime in with anything you think we are missing. For some context, most participants in our current plan are in target date funds ...
by IlliniSigEp
Thu Sep 22, 2011 4:12 pm
Forum: Personal Investments
Topic: How to TLH VSS?
Replies: 5
Views: 866

Hi Taylor:

I will be doing that as well! I have a large TLH from VEU going to VXUS, I would like to maintain an int'l small asset allocation as well sometime after the VSS TLH. Just seeing where others are putting their int'l small dollars after their TLH.

Thanks!
Dave
by IlliniSigEp
Thu Sep 22, 2011 3:36 pm
Forum: Personal Investments
Topic: How to TLH VSS?
Replies: 5
Views: 866

How to TLH VSS?

I have a large enough loss in VSS now that I think I will TLH. What are others doing? Are you cashing out and waiting the period to get back into VSS or buying into a different ETF like SCZ or SCHC? They have slightly higher expenses, but I am guessing it is worth it to get right back in the asset r...
by IlliniSigEp
Sat May 07, 2011 4:34 pm
Forum: Personal Investments
Topic: Bid/Ask spread of 104.00/94.00 for Vanguard small cap x-us
Replies: 9
Views: 1623

VSS

I buy VSS for my taxable account. Simply wait until about 10 am CST and place a limit order at a couple pennies past mid-market. Or just mid-market if you like. Wait an hour and check back to see if you got filled. You can place an order nearer to the ask price if you do this a few times and aren't ...
by IlliniSigEp
Tue Sep 14, 2010 9:14 pm
Forum: Personal Consumer Issues
Topic: WSJ: The Top 25 Recruiter Picks
Replies: 20
Views: 4444

Illini

If you live in the midwest and go into technology, you have great options. Engineering schools like Illinois, Penn State, Wisconsin, etc. have no issues getting kids hired. There is no reason to leave the midwest if you are here!
by IlliniSigEp
Fri Apr 09, 2010 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Online backup: Carbonite? Mozy?
Replies: 53
Views: 8629

JungleDisk!

If you haven't looked into JungleDisk, do it! I have been a happy user for a year now. The software is great and is very fast. They had all of the client side encryption and added security long before Carbonite, which is why I went with JungleDisk. I think all the packages are getting pretty close t...
by IlliniSigEp
Sat Mar 06, 2010 11:14 am
Forum: Investing - Theory, News & General
Topic: Serious Question - Boglehead performance over last 5 years
Replies: 41
Views: 5630

90/10 - Slice and dice modeled after the 4 Pillars of Investment / Boglehead portfolio.

2006 15.97%
2007 2.71%
2008 -35.32%
2009 51.46%

XIRR in excel used to calculate all percentages. Index investing is working for me.

Thanks,
Dave
by IlliniSigEp
Fri Jan 29, 2010 1:56 pm
Forum: Investing - Theory, News & General
Topic: Transaction Tax- effect on market pricing efficiency?
Replies: 32
Views: 2908

The impact on jobs would be swift and terrible. There are a lot of people who work for brokers, dealers, market makers, and investment companies that would get fired in the name of cost cutting. Good white collar, tax lucrative jobs would be lost. My job would probably be one of them.

-Dave
by IlliniSigEp
Wed Jan 13, 2010 11:00 pm
Forum: Personal Investments
Topic: High cost 401k - what to do?
Replies: 21
Views: 5914

You have to look at both your portfolios as one. As an example, one of the lowest expense ratio funds in my spouses's plan is the PIMCO Total Return fund with an expense ratio of about 2% and a small cap fund at e.r. ~2.5% as well. She was using both of these. I was using PIMCO Total Return in my p...
by IlliniSigEp
Wed Jan 13, 2010 9:48 pm
Forum: Personal Investments
Topic: High cost 401k - what to do?
Replies: 21
Views: 5914

Hi all

Maxing out my 401k - Great choices No ability to do IRA Certainly will invest up to her matching in 401k - 4% match What funds would you use? Does it matter if I use stock or bond funds due to the high expenses. I feel like bond funds will have no chance at overcoming those high fees, but I don't th...
by IlliniSigEp
Wed Jan 13, 2010 8:39 pm
Forum: Personal Investments
Topic: High cost 401k - what to do?
Replies: 21
Views: 5914

High cost 401k - what to do?

Hi All, Wife's company just got a 401k. It is awful. Nothing she can do about it yet, so I ask the Boglehead nation, what would you do? I can make any of these fit in my AA. Money Market - 1.58% ER Total Bond - 1.57% ER 500 Index - 1.54% ER Other Various Index Funds - 1.58% ER We can also do a ROTH ...
by IlliniSigEp
Thu Dec 31, 2009 9:23 pm
Forum: Investing - Theory, News & General
Topic: ER increase for FTSE All-World ex-US Small-Cap
Replies: 52
Views: 10342

No, I am not going to sell, because I just paid the purchase fee, and I am not about to pay the redemption fee as well. Sorry about that EmergDoc. But under the circumstances, I think it is quite reasonable for me to be annoyed. Yeah that does suck. All the more reason trade using the ETF version i...
by IlliniSigEp
Wed Dec 30, 2009 10:49 am
Forum: Personal Consumer Issues
Topic: Coffee lover needs recomendations
Replies: 23
Views: 4685

In Chicago

I live in downtown Chicago and our brick and mortar shop of choice has a website. http://www.coffeeandtea.com/ Very large selection of flavored coffee. My fav is the golden sumatra, not a flavored coffee, just good.

-Dave
by IlliniSigEp
Sun Dec 27, 2009 5:02 pm
Forum: Personal Investments
Topic: Bonds in your twenties?
Replies: 42
Views: 6260

10% in bonds, 27 years old. You should always have some bonds. There is nothing special about 100% stocks. Why not 110% stocks? Leverage is very cheap right now. 100% has a certain ring to it, but it doesn't really mean much.

-Dave
by IlliniSigEp
Sat Nov 14, 2009 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: FSA+HSA, rules?
Replies: 4
Views: 2016

Thanks!

Thanks! I have looked at the Wiki and all the IRS docs I could find. I just can't find anywhere that describes a situation of 2 different employers in a year with different plans. Bruce, I seem to agree with your interpretation from my own research as well. Just wish some of this was spelled out som...
by IlliniSigEp
Sat Nov 14, 2009 11:52 am
Forum: Personal Finance (Not Investing)
Topic: FSA+HSA, rules?
Replies: 4
Views: 2016

FSA+HSA, rules?

Hi All, My wife recently changed jobs. Her old employer had traditional health insurance with an FSA she was enrolled in. Her new employer uses a high deductible plan with an HSA. Her employer contributes some money each month to the HSA. Does anyone know if we are ok from a tax perspective to have ...
by IlliniSigEp
Wed Oct 28, 2009 8:13 pm
Forum: Personal Consumer Issues
Topic: How much do you pay for a haircut
Replies: 156
Views: 20669

Re: Yep

$45 + $6 Tip This hair isn't going to be with me forever (very bald genetic base), so I make up on the cost later in life ;-) Seriously though, Supercuts and Walmart have given me some terrible haircuts. I figure it's a business expense, I think I look more professional with a really great haircut....
by IlliniSigEp
Wed Oct 28, 2009 7:17 pm
Forum: Personal Consumer Issues
Topic: How much do you pay for a haircut
Replies: 156
Views: 20669

Yep

$45 + $6 Tip This hair isn't going to be with me forever (very bald genetic base), so I make up on the cost later in life ;-) Seriously though, Supercuts and Walmart have given me some terrible haircuts. I figure it's a business expense, I think I look more professional with a really great haircut. ...
by IlliniSigEp
Thu Aug 20, 2009 9:49 am
Forum: Personal Investments
Topic: No 401k, what are my options?
Replies: 5
Views: 3152

Taxable

Hi All, Thanks for the info. I currently have a smallish taxable account with the FTSE All World-xUS Index. I guess I will just have to add Total Stk Mkt Index as well now to balance our total AA. I wasn't sure about all these other acronym accounts I hear about (SEP, Simple, Keough) but my research...
by IlliniSigEp
Thu Aug 20, 2009 6:57 am
Forum: Personal Investments
Topic: No 401k, what are my options?
Replies: 5
Views: 3152

No 401k, what are my options?

Hello All, My wife recently changed jobs. Her new company does not have a 401k, it does have some sort of employer contribution profit plan that does not allow employee contributions. It is a very small company (she now works from home everyday). Not sure what this plan is all about. Our income prev...
by IlliniSigEp
Mon Aug 17, 2009 9:27 am
Forum: Personal Investments
Topic: Only S&P 500 index fund in 401k..how to cover small/mid
Replies: 9
Views: 3229

Certainly use the Spartan Index fund as your main holding. Those ERs are pretty high to use any of the other funds. That said, I used to have a 401k with the Diversified Int'l fund. I used it as my core LG Int'l holding and was satisfied with its performance. Not sure how it has held up lately, but ...
by IlliniSigEp
Mon Jun 15, 2009 11:32 am
Forum: Investing - Theory, News & General
Topic: Active MFs Beat S&P 500 by Most in 26 Yrs
Replies: 22
Views: 3841

Active MFs Beat S&P 500 by Most in 26 Yrs

Bloomberg Mutual-fund managers who pick stocks are beating the Standard & Poor’s 500 Index by the widest margin in 26 years by buying shares of midsize companies such as Sun Microsystems Inc. and Seagate Technology. Really Bloomberg? Not even a class-act organization like Bloomberg can figure out t...
by IlliniSigEp
Fri Jun 05, 2009 6:28 am
Forum: Personal Consumer Issues
Topic: trip to athens greece this july
Replies: 18
Views: 3184

Went to Greece on my honeymoon last June. We were in Mykonos for 4 days, Santorini for 3 days, and Athens for 1.5 days. 1.5 days is more than enough to see Athens. We ran out of stuff to go do/see. If you are going to Greece, book an island vacation with a stop in Athens. The greek islands are amazi...
by IlliniSigEp
Mon Apr 27, 2009 9:12 pm
Forum: Investing - Theory, News & General
Topic: Top 20 funds--What happened to them?
Replies: 17
Views: 4116

Re: Top 20 funds--What happened to them?

Yes, impossible to predict with perfect accuracy. Fortunately, perfect accuracy is not necessary for good results. Simply switching to or retaining each month the one fund that had the best trailing 3 month performance is historically likely to produce better returns than simply following the marke...
by IlliniSigEp
Tue Apr 21, 2009 9:07 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe blog - Wise Investing
Replies: 29
Views: 6685

I second that. Bump bump!

-Dave
by IlliniSigEp
Mon Apr 20, 2009 6:47 pm
Forum: Personal Investments
Topic: Is a ER of .7% reasonable for an index fund?
Replies: 24
Views: 4335

S&P

My wife has a Driedon S&P 500 Index fund in her 401k which has an ER of 0.87%, there isn't even a ticker associated with it. A bad 401k seems to be the norm.

-Dave
by IlliniSigEp
Sun Mar 15, 2009 12:47 pm
Forum: Investing - Theory, News & General
Topic: No more gummy stuff, eh?
Replies: 43
Views: 8983

Wiki?

Can't we bundle up the entire site and add it to the Bogleheads wiki/site? We are already hosting a website, why not add the gummy content?

-Dave