Search found 1358 matches

by Texanbybirth
Fri Sep 18, 2020 8:48 pm
Forum: Personal Consumer Issues
Topic: Pretending to enjoy sports for business/social reasons
Replies: 83
Views: 4759

Re: Pretending to enjoy sports for business/social reasons

The only sport I follow with any particular interest (both as a fan and former player) is professional ice hockey. I’m not “fanatical”, but I genuinely enjoy the sport. I’ve been everybody else’s “hockey friend” since our Team moved here in 1993. It’s very odd to be an ice hockey fan in North Texas....
by Texanbybirth
Wed Sep 16, 2020 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Where to put emergency fund money?
Replies: 20
Views: 1858

Re: Where to put emergency fund money?

Same situation as you, except one more kid due soon. I leave our EF in cash. We've got enough money (and future contributions) working in the market. The EF doesn't need to be part of it, IMO. :beer
by Texanbybirth
Tue Sep 15, 2020 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 377
Views: 50710

Re: How to get over finance envy

FOGU wrote: Wed Sep 02, 2020 6:51 pm Antidotes to the Deadly Sin of Envy: Cultivating charity, magnanimity, rejoicing in the joy or success of others.
Very well said.
by Texanbybirth
Mon Sep 14, 2020 1:38 pm
Forum: Personal Consumer Issues
Topic: Coping with Megacorp rat race
Replies: 168
Views: 15935

Re: Coping with Megacorp rat race

I've only ever worked in small companies (less than 400, less than 30, and now less than 50 people), and I've always been fascinated by the internal workings of Megacorps. WRT OP, I've heard it's easy to coast and get lost in the weeds, but it seems like that could have a detrimental psychological i...
by Texanbybirth
Tue Sep 08, 2020 2:23 pm
Forum: Personal Investments
Topic: I am buying $2000 VFIAX everyday. Am I in trouble
Replies: 36
Views: 5738

Re: I am buying $2000 VFIAX everyday. Am I in trouble

You've got $2k to invest per day. You're in a good place. :beer

(I personally would never do this. If I were the type to DCA, I would go with a monthly investment of a much larger chunk, say spread out over a year.)
by Texanbybirth
Tue Sep 08, 2020 11:12 am
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 27737

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

This probably won't be welcome news for Tesla holders. Tesla Didn’t Join the S&P 500, but Three Others Did https://www.barrons.com/articles/tesla-didnt-join-the-s-p-500-but-three-others-did-51599255574 Ouch. Down 6% after hours. Pretty surprising exclusion. Why is it a surprise? Why would the commi...
by Texanbybirth
Mon Sep 07, 2020 8:54 pm
Forum: Personal Consumer Issues
Topic: Help me choose 2 audible books!
Replies: 32
Views: 1483

Re: Help me choose 2 audible books!

Audible is great, and they send out good deals all the time - especially if you cancel. Someone mentioned LotR, but with only two free titles I’d go with The Hobbit and something else. Unless, of course, you want to wait a month and get a credit for cheap. (Our city’s library has Hoopla, so a lot of...
by Texanbybirth
Sat Sep 05, 2020 9:34 am
Forum: Non-US Investing
Topic: How will you describe your investing journey so far?
Replies: 51
Views: 3832

Re: How will you describe your investing journey so far?

I’m thinking of the tortoise and the hare. “Slow and steady...” but I can’t tell you for another 30 years whether I’ve won the investing race. :D

And I’m pretty much only racing against my hypothetical self, so it’s not very exciting. :beer
by Texanbybirth
Mon Aug 31, 2020 8:59 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6382
Views: 590141

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

The point of TMF is not its returns, especially since its expense ratio is 1.05%, which will greatly erode the pitiful current yield from LTT. Rather, the point is to provide a counter-balancing effect for 3x leveraged stocks (i.e. UPRO). Are you still employing 80/20 UPRO/TMF at 25% target volatil...
by Texanbybirth
Mon Aug 31, 2020 8:50 am
Forum: Personal Consumer Issues
Topic: (MS Applied Economics?) Help a Random Internet Stranger Decide
Replies: 20
Views: 1486

Re: (MS Applied Economics?) Help a Random Internet Stranger Decide

What are you going to do with the degree you earn, or did I miss that? If you don't have a plan, don't bother. You can learn far more about economics on the internet (or through books) than you can in a classroom. So if this is just an "interest" thing, do that. If this is a "I need a degree becaus...
by Texanbybirth
Sun Aug 30, 2020 10:38 pm
Forum: Personal Consumer Issues
Topic: (MS Applied Economics?) Help a Random Internet Stranger Decide
Replies: 20
Views: 1486

Re: (MS Applied Economics?) Help a Random Internet Stranger Decide

... Sorry to be such a downer, and good luck with whatever decision you make! I'm sure there are others on the board that can make a counterpoint. Thank you. I appreciate your approach and your comments, and I think your list of 5 is very helpful for me to situate myself. No worries about being a d...
by Texanbybirth
Sun Aug 30, 2020 3:24 pm
Forum: Personal Consumer Issues
Topic: (MS Applied Economics?) Help a Random Internet Stranger Decide
Replies: 20
Views: 1486

Re: (MS Applied Economics?) Help a Random Internet Stranger Decide

I don't see a real downside other than your having a early mid-life crises. Ether buy a new Tesla or do it :) I would do it if I was you. Don't think about changing jobs until you need to, life is short. “Early mid life crisis”, yes it feels that way. Reading my post now, it sounds that way, too. L...
by Texanbybirth
Sun Aug 30, 2020 3:15 pm
Forum: Personal Consumer Issues
Topic: (MS Applied Economics?) Help a Random Internet Stranger Decide
Replies: 20
Views: 1486

(MS Applied Economics?) Help a Random Internet Stranger Decide

Happy Sunday everyone. I’ve been accepted into Johns Hopkins University’s Masters in Applied Economics program for Fall 2020. I was originally excited to start this program, but as the deadline to back out approaches, I’m getting cold feet. If you’ve got anything to say to help me out, please feel f...
by Texanbybirth
Fri Aug 28, 2020 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Profit Sharing vs. Cash Bonus
Replies: 16
Views: 1467

Re: Profit Sharing vs. Cash Bonus

Same state and family structure as you (for now, #4 due soon). I make similar to you, receive an annual cash bonus and I never pay 40% taxes. Because of pre-tax contributions, HSA, etc. we are squarely in the 12% tax bracket. You may have been thinking of your employer's required withholding on cash...
by Texanbybirth
Thu Aug 27, 2020 2:43 pm
Forum: Personal Investments
Topic: Investment order priority
Replies: 22
Views: 1133

Re: Investment order priority

Lack of a match simply means you are saving less. If anything you need to INCREASE your contributions if you want the same number of dollars going toward investment. Unless you were only contributing the minimum to get the match, I do not see the logic in lowering your contribution. I wasn't thinki...
by Texanbybirth
Thu Aug 27, 2020 2:35 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6382
Views: 590141

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

This may be a stupid question but I can't seem to figure it out. How do you guys rebalance in a cash account? You have to wait until the cash is settled from the sale proceeds before buying the underweight. This is a Roth IRA with Merrill. Am I correct in my thinking? Hi cashmoney, It is not a trad...
by Texanbybirth
Thu Aug 27, 2020 2:14 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6382
Views: 590141

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Along the lines of the shift to 55/45, I’m seriously contemplating lowering TMF to 35 (UPRO at 65) given these low rates. Thoughts from the group? I might consider an even 60/40 for nostalgia's sake (the non-leveraged 60/40 portfolio being such a champ for such a long time), but given Tyler's artic...
by Texanbybirth
Fri Aug 14, 2020 7:47 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6382
Views: 590141

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

It sounds like some of you are spending too much time watching your portfolio and fiddling around the edges. Even a strong correlation is nowhere near absolute - or immediate. If you look at a simple backtest or even HF’s more elaborate backtests there are plenty of periods where this strategy unde...
by Texanbybirth
Fri Aug 14, 2020 1:30 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6382
Views: 590141

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

So should the allocation change to something more aggressive ? An 80/20 ratio ? 90/10 ? VJ HF already adjusted the original allocation (40/60) to the current allocation (55/45) after a while, but I believe that was based on updated risk-parity calculations and then current low LT rates. (See this p...
by Texanbybirth
Fri Aug 14, 2020 1:09 pm
Forum: Personal Consumer Issues
Topic: Model S P100D or Model 3 performance?
Replies: 23
Views: 1385

Re: Model S P100D or Model 3 performance?

I love me a nice big car. If money isn't an object, I'd get the new Model S with all the bells and whistles.

(With 4 kids I don't have that choice and would get the nicest model Y money could buy, but your "friend" isn't me!)
by Texanbybirth
Fri Aug 14, 2020 12:43 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6382
Views: 590141

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Started in a Roth IRA on 01/09/2020, made two small contributions in Jan and Feb. (I'm pretty confident we won't be contributing anything further to this strategy, though I still believe in the fundamental premise of it.) Currently 5% of invested assets. 26.82% return so far this year, XIRR 56.19% (...
by Texanbybirth
Fri Aug 14, 2020 9:27 am
Forum: Personal Investments
Topic: How do you manage cash flow for investing?
Replies: 26
Views: 2014

Re: How do you manage cash flow for investing?

You have a great setup. You didn't provide a whole lot of context, but from the little you've provided you and your wife will be just fine in a few years if you stick with this plan. Don't complicate things on the investing side until you're educated and ready. :beer Have you covered yourselves on t...
by Texanbybirth
Thu Aug 13, 2020 10:05 pm
Forum: Personal Investments
Topic: $20,000 windfall- Help!
Replies: 67
Views: 4220

Re: $20,000 windfall- Help!

Congrats! Dream vacation, though I’d wait till this coronavirus stuff calms down. If it was less than 1% of our net worth then I’d put it in a 60/40 fund till we were ready to travel. :beer
by Texanbybirth
Thu Aug 13, 2020 1:40 pm
Forum: Personal Consumer Issues
Topic: Streaming Peacock
Replies: 19
Views: 1723

Re: Streaming Peacock

I keep seeing it advertised during the NHL playoff broadcasts. I haven't had the motivation to actually investigate it.

"YouTube TV" is too much the bomb for me to put forth the effort to investigate something else. (Tried Sling for their three day trial, cancelled it before the three days were up.)
by Texanbybirth
Tue Aug 11, 2020 8:10 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6382
Views: 590141

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Is anyone doing this within a 401k brokerage link? My new job has this as an option and am tempted to increase my allocation (I guess I could always just do that within my Roth IRA). Just curious if there are any issues with LETFs in 401k\ brokerage link account. I see no reason why your brokerage ...
by Texanbybirth
Mon Aug 10, 2020 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Drop my HSA healthcare plan?
Replies: 4
Views: 545

Re: Drop my HSA healthcare plan?

Look at poster FiveK's links about halfway down this thread. He provides two good resources to make the comparison with the data you have on your plans/spending.
by Texanbybirth
Sat Aug 01, 2020 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Buy this house, or stay put?
Replies: 11
Views: 1153

Re: Buy this house, or stay put?

Stay where you are. Money isn’t the issue. I wouldn’t want my wife trying to move at 7 months pregnant in summer, and it sounds like you will not be around to help much. 70 year old parents won’t be as much of a help as you/they think. I can’t imagine moving with two newborns (they always come early...
by Texanbybirth
Fri Jul 31, 2020 3:48 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6382
Views: 590141

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Thank you, LadyGeek. The first page of HF’s first thread Is very informative. (I’ve followed him into this EA with a nice side bet.) This thread has taken a lot of wild turns down the rabbit hole, and I’m not sure how much it still relates to OP’s intentions. have followed this thread eagerly since...
by Texanbybirth
Fri Jul 31, 2020 1:58 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6382
Views: 590141

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Thank you, LadyGeek.

The first page of HF’s first thread Is very informative. (I’ve followed him into this EA with a nice side bet.)

This thread has taken a lot of wild turns down the rabbit hole, and I’m not sure how much it still relates to OP’s intentions.
by Texanbybirth
Tue Jul 21, 2020 12:38 pm
Forum: Personal Consumer Issues
Topic: iPhone upgrade?
Replies: 37
Views: 2956

Re: iPhone upgrade?

Get the NEW iPhone SE. it’ll last you for years, and it’s bigger but otherwise should give you the same experience as your 5S, TouchID being the main thing. Doesn’t sound like you need the latest and greatest thing. As far as purchasing options I’m not really sure. I’d think most stores are comparab...
by Texanbybirth
Thu Jul 16, 2020 5:18 pm
Forum: Personal Consumer Issues
Topic: Anyone else love this new working from home thing?
Replies: 89
Views: 6366

Re: Anyone else love this new working from home thing?

Yes, I love it for many reasons. We even decided to add another kid to our brood! There are so many jobs that can't WFH, so I really hope those people are able to find/keep gainful employment soon. (Does anyone have any insightful articles/essays about this huge shift to WFH? I'm guessing at this po...
by Texanbybirth
Fri Jul 03, 2020 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with all this MONEY ?
Replies: 201
Views: 21067

Re: What to do with all this MONEY ?

You have that much money and consider giving one month’s extra pay to your yard guy and cleaning lady “generous”? You should double their pay immediately and then give them six month’s extra pay at Christmas. That money will do them infinitely more good than it is doing for you. You’re still alive a...
by Texanbybirth
Wed Jul 01, 2020 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Question - Reloc to TX
Replies: 105
Views: 7965

Re: Question - Reloc to TX

To echo another poster, live close to work. If you’re renting, rent close to the office. The traffic, assuming things get back to normal, around where you’re working is just atrocious. Live close to work. Tolls can also be brutal, and not always save you much time. You get the privilege of paying $4...
by Texanbybirth
Wed Jun 24, 2020 10:14 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6382
Views: 590141

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

mroe800 wrote: Wed Jun 24, 2020 10:04 am
CDub wrote: Wed Jun 24, 2020 10:02 am I hope he reconsiders.
Tough to be contributing to a site where you’re constantly derided for an alternate opinion.
I hope he develops some tougher skin. I always enjoyed reading his opinions/thoughts and I'll miss his contributions.
by Texanbybirth
Fri Jun 19, 2020 4:42 pm
Forum: Investing - Theory, News & General
Topic: A cautionary tale about pensions and wages
Replies: 76
Views: 10535

Re: A cautionary tale about pensions and wages

Any illusion of job security or rosy future benefits such as pension is just an illusion. No employer can guarantee such things in the real world. It is not the fault of the employer. It is simply not sustainable. Any guarantee for the future is nothing but kicking the can down the road. I like a j...
by Texanbybirth
Sat Jun 13, 2020 7:46 pm
Forum: Investing - Theory, News & General
Topic: Incredible Returns
Replies: 67
Views: 6173

Re: Incredible Returns

We finished 2019 with his returns maybe a couple of percent above me (I'm indexing). Stop comparing. Comparison with others will not lead to a good place: Envy. Hostility. Poverty (if you try to compete). +1, very wise I would probably ask him to stop talking to me about that kind of stuff. It’s in...
by Texanbybirth
Fri Jun 12, 2020 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Life advice from ungrateful?
Replies: 25
Views: 2191

Re: Life advice from ungrateful?

Financially, the goals you’ve established will require you to work harder or longer to accomplish them. It’ll be a slog, but the good news is if you adjust the goals a bit you could literally stop working today, or maybe 5 years or so from now. You are blessed beyond the comprehension of almost ever...
by Texanbybirth
Wed Jun 10, 2020 2:00 pm
Forum: Personal Consumer Issues
Topic: Tipping why % of bill and not flat amount?
Replies: 159
Views: 9373

Re: Tipping why % of bill and not flat amount?

Yes, most of the time I have a flat dollar amount floor I won't tip under. I am always evaluating the service when we go out to eat to decide how to tip. My wife does the same and we usually discuss before finalizing the check.

We have three little kids so we almost NEVER go out to eat. :-)
by Texanbybirth
Wed Jun 10, 2020 11:26 am
Forum: Personal Consumer Issues
Topic: Backyard renovation: lawn vs pollinator garden
Replies: 24
Views: 1491

Re: Backyard renovation: lawn vs pollinator garden

1. Are there people here who have done this? And what's been your experience with it? 2. Would I have problems with a veggie garden and pollinator garden/meadow near each other? 3. Any problems I'd have with a pollinator garden in the yard? Like bees flying all over the yard? 4. Any issues with nat...
by Texanbybirth
Wed Jun 03, 2020 9:35 pm
Forum: Personal Consumer Issues
Topic: What phone to buy after iPhone 7 Plus
Replies: 38
Views: 3262

Re: What phone to buy after iPhone 7 Plus

Call Apple support. If they can’t help, get an 11 or 11 Pro Max. You keep your phones for 4 years, id say it’s okay to splurge. If Apple Support helps if ride it out till September when new phones will come out. Alternatively, if you don’t need newest and greatest check out the Apple Refurbished sto...
by Texanbybirth
Tue Jun 02, 2020 7:01 pm
Forum: Personal Investments
Topic: Does every one here only have 3 funds in their portfolios?
Replies: 131
Views: 8181

Re: Does every one here only have 3 funds in their portfolios?

One fund, vanguard target retirement 2050. I’ll let you know how that works out in 30 years! :beer
by Texanbybirth
Thu May 21, 2020 10:29 pm
Forum: Investing - Theory, News & General
Topic: Portfolios: 1 Fund, 2 Fund, 3 Fund or 4 Fund?
Replies: 59
Views: 3109

Re: Portfolios: 1 Fund, 2 Fund, 3 Fund or 4 Fund?

Vanguard’s TDF 2050 is our only retirement investment. As I’m only 35, I’ll let you know how it works out in 30 years! :beer

(We also now own an aggressive allocation (80/20) fund for “shorter term” investments, too.)
by Texanbybirth
Tue May 12, 2020 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Hang on to old car or buy new one?
Replies: 38
Views: 2232

Re: Hang on to old car or buy new one?

Option 3 Swap cars?? j🌺 +1 more reliable car for the daughter I have a Honda Accord with nearly 220K miles on it; the Acura has more life in it. . I am leaning toward this. What a simple, elegant solution. Just another vote for this "simple, elegant solution". I can understand you wanting your daug...
by Texanbybirth
Tue Feb 25, 2020 12:14 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6382
Views: 590141

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

firebirdparts wrote: Tue Feb 25, 2020 11:33 am Years from now we'll be saying "well, it was a long thread, but most of the posts were people asking how to avoid reading it"
Lol, my thoughts exactly.
by Texanbybirth
Tue Feb 25, 2020 11:13 am
Forum: Personal Consumer Issues
Topic: Tesla Model Y
Replies: 253
Views: 25063

Re: Tesla Model Y

I'm very interested in the model Y. I currently drive a Yaris iA. We purchased it in Sept 2017. It has always been a tight squeeze for me, and now even for our 3 little kids, but it was a budget decision for us since this is merely a point A to B commuter vehicle. I can see a model Y in my future in...
by Texanbybirth
Tue Feb 25, 2020 10:52 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6382
Views: 590141

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I do wish he would simply update the first post in this thread with quarterly results, as he originally mentioned he would do He is isn't he? What I remember is him saying he will update every qtr. based on when he started. Last update was end of November so that means we're due for another at the ...
by Texanbybirth
Tue Feb 25, 2020 10:49 am
Forum: Non-US Investing
Topic: Help me understand this ETF thing...
Replies: 13
Views: 1764

Re: Help me understand this ETF thing...

You are correct that the ETF is "at the mercy of price fluctuations independent of the underlying assets" but it is not a serious matter. It is usually close to negligible. (There are endless debates about whether mutual funds or ETFs are better. In my opinion this does put a featherweight on the m...
by Texanbybirth
Tue Feb 25, 2020 10:45 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6382
Views: 590141

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I wouldn't characterize the OP's responses as "disingenuous". He does have real, though not substantial in his overall portfolio, money in this strategy. I do wish he would simply update the first post in this thread with quarterly results, as he originally mentioned he would do. (ETA: I stand corre...
by Texanbybirth
Mon Feb 24, 2020 2:01 pm
Forum: Personal Consumer Issues
Topic: Do you ever use cash?
Replies: 228
Views: 13878

Re: Do you ever use cash?

Only three kinds of people use cash: Old fashioned people who can't change their habits Paranoid people who think cash is more secure People who fear their spending would go wild with credit cards I can't decide, call me old-fashioned? Our kids put their cash in the collection basked at Church on S...
by Texanbybirth
Sun Feb 23, 2020 3:02 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6382
Views: 590141

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Did I miss a 1 year update from Hedgefundie? Or is he gonna update end of this month since its 3 months since his last update? One year update is I’m up 85%, and considering starting my own hedge fund. Any other questions? Glad you’re still contributing. If you’re serious about a hedge fund, does t...