Search found 350 matches

by 691175002
Thu Apr 06, 2017 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Cruise Advice???
Replies: 9
Views: 1328

Re: Cruise Advice???

Commit at least parts of the ships layout to memory before boarding, it will save some time across the first few days.
by 691175002
Fri Mar 31, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 19810

Re: Saving 50% of salary; what does it really mean?

Gross 100K, perform 18k RRSP contribution. After-tax income is roughly 80k. Living costs are 900/mo in rent (incl. util), 40/mo in internet, 200/mo in food. No car, cellphone is covered by employer. That comes to roughly 14k in base living costs. There is room for another 15k of discretionary spendi...
by 691175002
Thu Mar 30, 2017 4:16 pm
Forum: Investing - Theory, News & General
Topic: Question About Buying/Selling Company Shares
Replies: 1
Views: 379

Re: Question About Buying/Selling Company Shares

Am I allowed to buy/sell company market shares in a personal account? How would they know or what are the consequences? Depends on whether you are covered by the blackout or not, but if you are then you cannot transact in any accounts in which you have a beneficial interest. This covers not only pe...
by 691175002
Thu Mar 30, 2017 12:10 pm
Forum: Personal Investments
Topic: What index fund would you recommend putting my money towards that pays annually?
Replies: 26
Views: 2520

Re: What index fund would you recommend putting my money towards that pays annually?

Are DIV funds better than "Total" like VTI/VOO ? No. Sorry, but "no" isn't a very illuminating answer. :) We need evidence, preferably graphical... What kind of evidence are you looking for? Does a dividend fund "win" if it has beaten the total market over the past few...
by 691175002
Tue Mar 28, 2017 10:45 am
Forum: Personal Investments
Topic: Parents offering to invest $300,000 in my name as graduation gift; initial thought is to invest in a house?
Replies: 33
Views: 4434

Re: Parents offering to invest $300,000 in my name as graduation gift; initial thought is to invest in a house?

I am currently living in Japan, and I plan to work in Japan after graduation, while my parents live in the United States. Their plan was to buy a house in the United States in my name and then rent that house out to somebody else, with the rent payments going into my bank account which I could use ...
by 691175002
Thu Mar 23, 2017 4:16 pm
Forum: Investing - Theory, News & General
Topic: Is CAPE math wrong? Earnings from dividends vs. Buybacks
Replies: 6
Views: 1043

Re: Is CAPE math wrong? Earnings from dividends vs. Buybacks

The topic is introduced about halfway down this page: http://www.philosophicaleconomics.com/2013/12/shiller/ and discussed in detail here: http://www.philosophicaleconomics.com/2015/03/payout/ In essence: The reason for the difference is that the second company reinvests a greater share of its earni...
by 691175002
Tue Mar 21, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: Harvard endowment beats S&P 500 by 2% a year over last 40 years
Replies: 50
Views: 8452

Re: Harvard endowment beats S&P 500 by 2% a year over last 40 years

How do you explain Warren Buffet beating the S&P 500 by 10% over the past 50 years? Some people can beat the market. Not many, but it doesn't surprise me if Harvard found them. -WallStreetPhysician His early years were highly leveraged - I believe he was on average 160% invested. His advantage ...
by 691175002
Mon Mar 20, 2017 3:58 pm
Forum: Investing - Theory, News & General
Topic: Harvard endowment beats S&P 500 by 2% a year over last 40 years
Replies: 50
Views: 8452

Re: Harvard endowment beats S&P 500 by 2% a year over last 40 years

I have read several threads here about the poor performance of the Harvard endowment in the last 5 years, but according to the link below, it has beaten the S&P 500 by an average of 2% a year over the last 40 years. How do you explain that? Anyone can beat the market easily. Borrow a bunch of m...
by 691175002
Mon Mar 20, 2017 2:10 pm
Forum: Personal Consumer Issues
Topic: Best way to expand my vocabulary?
Replies: 102
Views: 13829

Re: Best way to expand my vocabulary?

Sounding intelligent is more about style than vocabulary. Intentionally overusing obscure words makes you incomprehensible. [OT comment removed by moderator prudent] In general I've been impressed by writing where heavy words are used sparingly, and only where they provide information a more convent...
by 691175002
Wed Mar 15, 2017 12:04 pm
Forum: Personal Consumer Issues
Topic: PayPal - Any Disadvantages?
Replies: 49
Views: 7156

Re: PayPal - Any Disadvantages?

I use it regularly and have probably sent and received maybe 60k since creating the account. I have never had any trouble whatsoever, but my transactions are mostly small so even if something goes wrong it is a very small loss. There are some brutal horror stories about paypal, so if you are selling...
by 691175002
Mon Mar 13, 2017 5:10 pm
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 254
Views: 36223

Re: High End Wrist Watches (Gone Crazy)

Actionably, how much would one allocate for something like this? Short term "bucket 1"? Or is it saved up for in liquid MM or short term CD's? Definitely not an emergency fund tap. Pull it straight out of your long term savings after the market has had 3+ good up years. You don't want to ...
by 691175002
Wed Mar 08, 2017 6:20 pm
Forum: Personal Consumer Issues
Topic: Which eReader to purchase?
Replies: 38
Views: 3588

Re: Which eReader to purchase?

I purchased a Kindle Paperwhite roughly a year ago but was using it so much I felt a higher end model would be worthwhile. I now use a Kobo Aura One which has nicer finish, a larger screen, and adjustable backlight temperature (which I find critical for reading at night). Each improvment is incremen...
by 691175002
Wed Mar 08, 2017 11:02 am
Forum: Personal Consumer Issues
Topic: Where to buy rare steaks?
Replies: 67
Views: 7119

Re: Where to buy rare steaks?

I used to eat mostly grocery/costco steaks, but I recently tried a well reviewed local butcher and the difference was incredible. Slightly more expensive, but not by as much as you might expect.
by 691175002
Wed Mar 08, 2017 10:17 am
Forum: Personal Consumer Issues
Topic: 3d Printers? Anyone into this hobby?
Replies: 8
Views: 1352

Re: 3d Printers? Anyone into this hobby?

I hesitate to call 3d printing a hobby because they are more like a tool that can help you complete other projects. If you get a printer for no reason you will print a bunch of junky trinkets for two weeks and then have nothing to do. Most of the difficulty people run into with 3d printers are very ...
by 691175002
Fri Mar 03, 2017 1:08 pm
Forum: Personal Investments
Topic: Ever dip your feet into individual stocks?
Replies: 63
Views: 5805

Re: Ever dip your feet into individual stocks?

Buying individual stocks merely leads to random outcomes. On average and over long periods of time it is very challenging to do much better or much worse than the overall market. (If you could lose to the market on purpose, just inverse those trades to make guaranteed money.) I have a diversified po...
by 691175002
Tue Feb 28, 2017 12:30 pm
Forum: Personal Consumer Issues
Topic: Don't pay full price for cable TV
Replies: 76
Views: 7383

Re: Don't pay full price for cable TV

The retention department knows how to call a bluff. You need to bring up a competitor who offers a lower price for similar service and ask them to match it. There are almost always local ISPs or resellers who have service/reliability problems but offer very low prices you can use to bargain with. So...
by 691175002
Fri Feb 24, 2017 4:49 pm
Forum: Personal Investments
Topic: Talking with parents' financial advisor
Replies: 52
Views: 6551

Re: Talking with parents' financial advisor

Any broker with a sustainable number of clients is not making daily discretionary trades to churn commissions. Its far more likely that its in a managed account program. The accounts are being managed by a third party and the exact trades are replicated for every participating client. These programs...
by 691175002
Tue Feb 21, 2017 4:18 pm
Forum: Personal Consumer Issues
Topic: Desktop Computer - Still relevant? Good investment?
Replies: 76
Views: 9192

Re: Desktop Computer - Still relevant? Good investment?

I've always divided computer use into "creating" vs "consuming". If you are purely a content consumer then a phone, tablet, or tv is sufficient. If you create (whether that be writing, video editing, programming, CAD) then you at the minimum need a laptop + mouse, and probably wa...
by 691175002
Mon Feb 13, 2017 12:39 pm
Forum: Investing - Theory, News & General
Topic: Does Passive Style of Index Fund create artificial demand?
Replies: 21
Views: 2125

Re: Does Passive Style of Index Fund create artificial demand?

Kind of, but the full answer is very complicated. In theory a passive fund owns every investible asset so on a relative basis no companies receive any benefit over others. Is this approach breeding mediocrity which is the exact opposite of capitalism? Absolutely not. If anything, passive funds do th...
by 691175002
Mon Feb 13, 2017 9:43 am
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 229
Views: 24457

Re: Why do you go to restaurants?

Yesterday was my wife's birthday and we went to OUTBACK steak house with our younger son. We ordered steaks and lobsters and paid about $78. The steaks were over-cooked and were not as good as what my wife cooked at home. Never go to a chain steakhouse. They are ridiculously overpriced, and a steak...
by 691175002
Wed Feb 08, 2017 10:47 am
Forum: Investing - Theory, News & General
Topic: Is Traditional Passive Investing Truly Passive?
Replies: 8
Views: 1132

Re: Is Traditional Passive Investing Truly Passive?

Is traditional passive investing truly passive with respect to the variables that matter? The academic definition of a passive investor is someone who makes no transactions and merely holds every investible asset at its market weight. This is an important theoretical concept because the passive ass...
by 691175002
Fri Feb 03, 2017 12:39 pm
Forum: Personal Consumer Issues
Topic: Mom wants an air fryer?
Replies: 29
Views: 4830

Re: Mom wants an air fryer?

barnaclebob wrote:Ziplock bags and vacuum sealer bags cost about the same (14 cents per gallon ziplock vs about 16 cents for the equivalent amount of vacuum bag).
I purchased a chamber sealer and bags are sold in cases of 1000 for 0.02-0.04 per bag depending on size. I regularly use vacuum bags in place of ziploc.
by 691175002
Fri Feb 03, 2017 12:36 pm
Forum: Investing - Theory, News & General
Topic: Stock Investors -- Wrong Again.
Replies: 33
Views: 6920

Re: Stock Investors -- Wrong Again.

I was under the impression that:
A) Every buyer has a seller
B) Before fees, stock picking is a zero sum game

If retail investors are making consistently bad choices, doesn't that mean that the professionals are making money at their expense?
by 691175002
Tue Jan 31, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: How do empty restaurants stay in business?
Replies: 28
Views: 5314

Re: How do empty restaurants stay in business?

Interesting. I wonder if folks who order delivery are overweight people that are either unable or embarrassed to dine-in? Low-end restaurants often serve good food but have awful decor. Chinese restaurants have an additional advantage for take-out: you can provide your own rice and drinks. I can se...
by 691175002
Tue Jan 31, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: How do empty restaurants stay in business?
Replies: 28
Views: 5314

Re: How do empty restaurants stay in business?

Category 1: Zero labor cost, the owners cannot retire but don't know anything else. Note that in this price-range you do not have to compete with delivery, so they receive a small amount of business purely based on location. Category 2: Receive enough financing to bleed out over a year or two, then ...
by 691175002
Wed Jan 25, 2017 1:11 pm
Forum: Investing - Theory, News & General
Topic: Correlations between asset classes
Replies: 14
Views: 2079

Re: Correlations between asset classes

Your argument is kind of running in the wrong direction because correlation and volatility both spike when markets go down. Saying "diversification is likely to protect on the downside because correlations are low" is wrong because a global market crash would cause correlations to rise dra...
by 691175002
Wed Jan 25, 2017 10:26 am
Forum: Personal Consumer Issues
Topic: Instant Pot - your favorite uses?
Replies: 36
Views: 10900

Re: Instant Pot - your favorite uses?

I've been working on recipes, right now it mostly sees use as a rice/quinoa/chickpea/bean cooker.

Note that since the temperature within the pressure cooker can exceed the boiling point, you get browning even when cooking wet.
by 691175002
Tue Jan 24, 2017 10:51 am
Forum: Investing - Theory, News & General
Topic: Blindly following expert picks
Replies: 20
Views: 2392

Re: Blindly following expert picks

I was thinking, what if I identify a large number of respected mutual funds that are lightly managed, and I somehow keep track of when there's a change in the fund's holdings, then I look up what the price of the new holdings was in the prior month, and if the price is presently similar or lower (w...
by 691175002
Mon Jan 23, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: Tom Sossnof's derivative trades
Replies: 35
Views: 3997

Re: Tom Sossnof's derivative trades

Derivatives cannot supplant traditional investment vehicles because their prices literally require a "boring" underlying investment to calculate their value. Derivatives have also been around a lot longer than seven years. Transaction costs may seem to be low because you are trading very l...
by 691175002
Mon Jan 23, 2017 11:06 am
Forum: Investing - Theory, News & General
Topic: Hypo: What would you do if you were SURE of impending deline in markets
Replies: 62
Views: 6764

Re: Hypo: What would you do if you were SURE of impending deline in markets

Suspend reality for a second and assume that you somehow know for sure that U.S. stocks are going to take a bit of a hit in the next 30-90 days. What, if anything, do you? The answer to your question is considerably more complicated than people have assumed. The obvious answer is to make a leverage...
by 691175002
Wed Jan 18, 2017 2:36 pm
Forum: Personal Investments
Topic: Questions to ask Financial Advisor about moms investments
Replies: 29
Views: 2618

Re: Questions to ask Financial Advisor about moms investments

First thing to figure out is account size, how she is paying, and what she is paying. Financial advisors are either transaction or fee based. A transaction based advisor charges up front commissions when buying or selling a product, and additionally is paid a percentage of the funds MER. Typical com...
by 691175002
Wed Jan 18, 2017 10:04 am
Forum: Investing - Theory, News & General
Topic: Assessing risk in rent vs buy decision
Replies: 11
Views: 1336

Re: Assessing risk in rent vs buy decision

Historically many people considered house price exposure to be an advantage of home-ownership (see 2006/07) as in general prices are expected to rise over time. I think there is a similar sentiment these days despite the 2008 crash. In theory the additional risk you take by mortgaging a home is an e...
by 691175002
Tue Jan 17, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 445
Views: 116780

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

I view stealth wealth as an extension of living beneath your means. What is stealthy to some might be extravagant to others.

No amount of money is enough if you are spending to impress.
by 691175002
Tue Jan 17, 2017 9:28 am
Forum: Personal Investments
Topic: So, I'm going to gamble (for fun) and buy some individual stocks. Best way?
Replies: 65
Views: 6083

Re: So, I'm going to gamble (for fun) and buy some individual stocks. Best way?

Give this article a read: http://www.oaktreecapital.com/docs/default-source/memos/2015-09-09-its-not-easy.pdf I think it provides a pretty good level of insight into how markets operate for its length. As stocks become less covered they require less sophisticated analysis - when buying microcaps it ...
by 691175002
Mon Jan 16, 2017 6:21 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 16474

Re: How much do you typically spend in a restaurant?

I've always preferred drinking water which keeps dining costs reasonable. It seems quite easy to double a bill just with alcohol. I enjoy the entire price range of dining, but there are certain types of restaraunts I try to avoid. Mid-priced sit-down chain restaraunts just have bad food - how can a ...
by 691175002
Mon Jan 16, 2017 5:45 pm
Forum: Investing - Theory, News & General
Topic: What is the Bogleheads position on Long-term successful daytraders?
Replies: 104
Views: 12465

Re: What is the Bogleheads position on Long-term successful daytraders?

Beating the market in absolute terms is actually quite easy if you don't care about risk. Just open a margin account at IB and put 120% of your savings into an ETF. You get 120% of the ETF return, which will hopefully be positive after a few years. Of course your downside risk has been magnified as ...
by 691175002
Mon Jan 16, 2017 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on a loan to a craft brewer. Cheers!
Replies: 20
Views: 1864

Re: Seeking advice on a loan to a craft brewer. Cheers!

If you can see a full set of financial statements you should be able to judge if the business is sustainable or on fire, but calculating whether the bonds fair value is 6.6% or 6.8% or even 7.0% is pretty much impossible. FWIW I would avoid this kind of investment. To keep your portfolio diversified...
by 691175002
Mon Jan 16, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Is the housing market like stocks? When do you think prices fall again?
Replies: 38
Views: 4174

Re: Is the housing market like stocks? When do you think prices fall again?

My personal belief is that real estate will not be a great investment over the medium/long term. Its appreciation was driven by demand and low interest rates. Going forward a lot of these very long-term trends are likely to reverse - boomers are retiring and interest rates are already against the fl...
by 691175002
Fri Jan 13, 2017 11:26 am
Forum: Investing - Theory, News & General
Topic: "Millennials are falling behind their boomer parents"
Replies: 24
Views: 2581

Re: "Millennials are falling behind their boomer parents"

Almost everyone ended up going to university but a staggering number of my peers are just not graduating. I've seen a lot of gap years, studying part time, switching majors, or just failing a bunch of courses. Its not unusual for someone to have studied 7 years without earning their undergrad. This ...
by 691175002
Mon Jan 09, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Predicting future Net Worth
Replies: 31
Views: 6132

Re: Predicting future Net Worth

So, I have almost 8 years worth of net worth data, but would like the collectives' input on the best and most accurate way to predict future net worth growth. I have used Excel to do a Linear prediction and an Exponential prediction of each year from 2018 through 2026 (the year I want to retire). W...
by 691175002
Mon Jan 09, 2017 11:12 am
Forum: Investing - Theory, News & General
Topic: Over what time period should stocks NOT lose money
Replies: 50
Views: 6523

Re: Over what time period should stocks NOT lose money

FWIW I think that this question should be answered in nominal terms (or against riskfree). It doesn't make sense to calculate it in real terms because breakeven is a psychological concept, and a person asking this question is likely deciding between investing in stocks or cash - not some hypothetica...
by 691175002
Mon Jan 09, 2017 11:01 am
Forum: Personal Consumer Issues
Topic: Desktop PC monitors
Replies: 13
Views: 1951

Re: Desktop PC monitors

I would not go from a dual monitor setup to a single 1080p monitor. I've found that a single 27" 1440p does pretty well, you have enough width to comfortably display two windows. I would additionally recommend getting an IPS panel since they have better viewing angles which is quite important w...
by 691175002
Thu Jan 05, 2017 3:15 pm
Forum: Personal Consumer Issues
Topic: Can you recommend a good food scale?
Replies: 14
Views: 1228

Re: Can you recommend a good food scale?

You may need two scales depending on your recipes. For soapmaking you are going to need something with 2-5Kg capacity, and scales of that size are likely to have 2g resolution at best. If you also need to weigh out smaller quantities you may want an additional 100-200g capacity scale with 0.1g resol...
by 691175002
Fri Dec 30, 2016 4:12 pm
Forum: Investing - Theory, News & General
Topic: Market Timing - have any REAL patterns ever been identified?
Replies: 39
Views: 4306

Re: Market Timing - have any REAL patterns ever been identified?

I'm sure there are tons of investment professionals that have run the numbers, but have there ever been any actual patterns identified, or does every day/month actually have the same up/down ratio? For example, Mondays being more often down than a Wednesday. Or Januaries being more often down than ...
by 691175002
Fri Dec 30, 2016 4:03 pm
Forum: Investing - Theory, News & General
Topic: Are International Markets overdue for great gains?
Replies: 43
Views: 4721

Re: Are International Markets overdue for great gains?

I don't understand your argument. Are you arguing in favor of International markets being overdue or against. I don't have a particular opinion either way, as I belive that such a well researched asset class is likely to be efficiently priced on a relative basis at all times. I'm just pointing out ...
by 691175002
Fri Dec 30, 2016 3:47 pm
Forum: Investing - Theory, News & General
Topic: Are International Markets overdue for great gains?
Replies: 43
Views: 4721

Re: Are International Markets overdue for great gains?

My objection is this rationale: If International has been growing at 4% CAGR, then it does so because that growth is what the international market grows at more or less. International stocks are not another version of U.S. stocks. Slower growth now does mean faster growth later. Slower growth now o...
by 691175002
Wed Dec 14, 2016 4:20 pm
Forum: Investing - Theory, News & General
Topic: McDonald's Stock
Replies: 103
Views: 12945

Re: McDonald's Stock

What's funny is seeing people complain how expensive it is you can get 20 nuggets for $5. 4 cheeseburgers for $5. 2 triple cheese burgers for $5. I know this because I stopped there for lunch today. I'm in Canada and seriously can't get a combo for under eleven dollars. Every time I walk into the p...
by 691175002
Wed Dec 14, 2016 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to those who don't invest?
Replies: 70
Views: 6210

Re: What happens to those who don't invest?

Note that a house should be considered a retirement asset, so anyone paying down a mortgage is technically saving (the principal repayments). Even with no liquid retirement assets, a 300-800k property provides rent-free living and can be sold.
by 691175002
Tue Dec 13, 2016 11:22 am
Forum: Personal Investments
Topic: Leaving Financial Advisor -- Experiences with getting the money out
Replies: 11
Views: 2198

Re: Leaving Financial Advisor -- Experiences with getting the money out

Have account statements. The recipient of your accounts will walk over broken glass if that's what it takes to pull money from a competitor.
by 691175002
Tue Dec 13, 2016 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Forever stocks (and building your own index fund)
Replies: 62
Views: 8393

Re: Forever stocks (and building your own index fund)

Take a look at the S&P 500 Dividend Aristocrats as an example of a 50 stock index that has for the last 20 years and since inception both outperformed and carried a lower annual volatility. You can download the S&Ps research paper on it here: http://us.spindices.com/indices/equity/sp-500 No...