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swaption

Why would I rejoice? Companies I own in the near term are going to lose a lot of money. This whole portfolio thing tends to distance folks from the reality of what is happening. If you own a lot of those companies, it's going to hurt a lot. This question of rejoice or not to rejoice implies some exp...

swaption

In order to feel stupid, you would have had to do something stupid. What have you done that is stupid? In my opinion, one of the primary benefits of the kind of disciplined approach that you have employed, is that it frees one's mind from constantly thinking about their portfolio. The key to financi...

swaption

Thought experiment. 30 years from now, one of your kids comes to you with the same question, what do you tell them? I ask it this way, because something I notice quite a bit is that folks often want different things for their kids than they want from themselves. I'm not sure that is fair to either p...

swaption

Thanks again. Something I recently learned is that the compensation is not going to be as liquid as I initially thought. Above a certain threshold, which I am expecting to exceed significantly (~$450k), the amount gets automatically invested into the hedge fund itself, and cannot be redeemed for 4 ...

swaption

Nice article, write a ridiculous headline and then refute it with sound reasoning. I started this journey close to 20 years ago with the oft recommended tilt to small, value and international. I guess it's been a rough stretch the last decade or so, but certainly no issue for those of us intent to w...

swaption

To be clear, you can do whatever you want. In all circumstances, pretty much a useless number. Folks are right in the technical definition being assets - liabilities. But also can't fault someone for trying to make the number perhaps less useless by including other considerations. Am a I a bad man f...

swaption

Apologies for being direct, but the problem here is the question itself. It makes me crazy to see so many obsessed with how various things will impact the college admissions process. What these colleges want, more than anything, is kids that are genuine and have a passion. This does not come from th...

swaption

Have had these now for over a year, extensive use pretty much every day, on the train, working out, etc. There may be an updated version on Amazon, but these have been good: [Updated Version] Wireless Earbuds Bluetooth Headphones IKANZI iPX7 Waterproof 72H Cycle Play Time, 2200mAh Bluetooth 5.0 Auto...

swaption

Opticians and physicians I have known often have several pairs of glasses for use in different settings, one that are laser focused on specific characteristics in areas of importance. For example, close-up at the office and less focused there for television watching at home. Tim Agree, in addition ...

swaption

Opticians and physicians I have known often have several pairs of glasses for use in different settings, one that are laser focused on specific characteristics in areas of importance. For example, close-up at the office and less focused there for television watching at home. Tim Agree, in addition ...

swaption

This thread was helpful to me, so thought I would share my experience. Needed progressive lens sunglasses. I have degenerative issues in my retina, so really need to get these things right, and preferably without breaking the bank in the process. Costco offered progressive lenses with the Drivewear ...

swaption

My advice would be for you and your son to take a big step back from the situation. The words you use, like "discriminatory" and 'holding him back", as well as the comparisons to others in terms of salary and experience have no place in this topic. It's a really bad mindset to have wh...

swaption

I'd propose an allocation below 80%. This really speaks to the inquiry of others, what are your goals? With your income, I'd be less concerned with what you do now as I would be formulating a plan for the future. You will have a tremendous amount of after tax savings, and you will need a robust pla...

swaption

Just because something is technically within the law, doesn't mean others won't look at it as fundamentally being tax fraud. No doubt there is a whole cottage industry around this type of thing. The IRS has been moving in the direction of looking at things based less on technical criteria and more ...

swaption

Just because something is technically within the law, doesn't mean others won't look at it as fundamentally being tax fraud. No doubt there is a whole cottage industry around this type of thing. The IRS has been moving in the direction of looking at things based less on technical criteria and more b...

swaption

I'd propose an allocation below 80%. This really speaks to the inquiry of others, what are your goals? With your income, I'd be less concerned with what you do now as I would be formulating a plan for the future. You will have a tremendous amount of after tax savings, and you will need a robust pla...

swaption

I'd propose an allocation below 80%. This really speaks to the inquiry of others, what are your goals? With your income, I'd be less concerned with what you do now as I would be formulating a plan for the future. You will have a tremendous amount of after tax savings, and you will need a robust plan...

swaption

Yes, reason is the same as reason why you were not asking this question back in September.

swaption

Thank for sharing, I agree with most everything in the article... A statistic I found interesting (but not surprising a la Pareto distributions): ... According to Hendrik Bessembinder, a finance professor at Arizona State University, the entire gain in the U.S. stock market since 1926 is attributab...

swaption

Original poster here. In my opinion, a bunch of garbled, barely coherent BS. Sure, there are a couple of ok ideas. But he uses his math quite selectively, throwing neat statistics around, and in some case throwing nothing around. Take the following passage: If it were that easy, active managers woul...

swaption

Have my views on this, interested in others.

https://www.institutionalinvestor.com/a ... ath-hustle

swaption

If we assumed for a moment that the EMH was false, I wonder how many would still be beating the global market cap drum. If EMH were false, it would be because some set of investors could effectively look at fundamentals, the future, and systemically beat the market. Nothing you have said reflects a...

swaption

If we assumed for a moment that the EMH was false, I wonder how many would still be beating the global market cap drum. If EMH were false, it would be because some set of investors could effectively look at fundamentals, the future, and systemically beat the market. Nothing you have said reflects a...

swaption

Let me introduce you to Robert Sanborn, the esteemed manager of the Oakmark Fund from 1991 until the date of the below article, March 2000: https://www.wsj.com/articles/SB953681829305722131 For those thinking of giving up on international, here's your chance to not fire Robert Sanborn. Just one othe...

swaption

Again, we definitely do not need this house now, we are just forward thinking and are afraid of not being able to afford it when we need it later on. As others have alluded to, think for a moment how crazy this is. First off, what was entirely evident from the beginning is that your entire motivati...

swaption

Almost daily player, I wear Costco progressives for everything but tennis. For tennis I use distance correction contacts. It works for me. You folks really are awesome. Have been involved in some form of this forum for 15+ years. So when I do a generic google search regarding corrective lenses and ...

swaption

I take a somewhat simplified approach, essentially reap what you sow. To the extent there is an inheritance, this means someone along the way not only lived within their means, but managed to save on top of that. My plan is to do the same. To the extent there is inheritance (which is actually likely...

swaption

For the US Open, every year I have had a client event on that first Thursday, which is a great day. But I think the optimal day for a grounds pass is the first Saturday. Should be third round matches and plenty of them on the outer courts, Grandstand, etc. Not impossible you can get some serious ten...

swaption

Working and being productive is an integral part of the human condition, and I don't think there is anything in our ecosystem that dictates that necessarily has to change in your 50's. Age is just a number, and I wouldn't let any of society's broad rules or conventions play any role in how you live ...

swaption

As long as the future resembles the past, you'll do fine. The main reason I invest a significant portion of my equity overseas is because I think there is a reasonable chance that will not be the case. See Japan for the classic example. Oh, yes! I know about Japan. Yet can you expand upon your view...

swaption

If you're using post-1926 US returns, consider yourself pulled over by the data mining police: you're picking one of the best performing nations, using a cherry-picked starting point (ie, start in 1900 and things look a lot different), and not taking into consideration a roughly subsequent 2x incre...

swaption

If you're using post-1926 US returns, consider yourself pulled over by the data mining police: you're picking one of the best performing nations, using a cherry-picked starting point (ie, start in 1900 and things look a lot different), and not taking into consideration a roughly subsequent 2x incre...

swaption

You are avoiding taxes at your highest marginal rate right now. Let's say that's 28%. When you withdraw, you will withdraw starting at an effective rate of 0%. Then 10%, then 15% then 25%, etc. as you withdraw enough to move up through the tax brackets. Unpredictable things can happen to change you...

swaption

Unfortunately, I can say I know this family, even though my guess is I probably don't. As one who has funded a couple of Bat Mitzvahs, many summers at sleepaway camp, and all the requisite children's activities, this type of family strikes all too close to home. Lots of friendly folks out there taki...

swaption

With all due respect, it's not going off topic if the original poster constructively replies to a meaning of life comment, which includes a further inquiry. Please don't ask about the potential for a meaningful life if ultimately the answer really is that you don't care. Some of us didn't just gradu...

swaption

Interesting thread. Not sure how I've missed it the last two weeks. It's obviously possible to do this. Lots of people have. The key isn't the investing return, it's the savings rate. However, it seems a waste to spend even ten years of your life (and fourteen counting your degree) doing something ...

swaption

OP, your situation and goals are very similar to mine almost 10 years ago. Your goal here *is* possible (I more or less achieved it) but it is definitely the road less traveled. Here's some of my experience in case it's helpful: I am (or was) a ChemE and I wanted to work a max of 10 years in corpor...

swaption

Kind of surprised at the uniformity of replies here. TIPS may indeed be a better investment, and that investment is to a large extent insulated from inflation. But if someone were looking for something that provides broader portfolio wide protection (assuming a portfolio of non-TIPS bonds and stocks...

swaption

Not sure what else I can add. Might be most beneficial to simply look at the following history of earnings and dividends for the S&P 500. Obviously some amount of volatility along the way, but you see the rising tide of earnings, dividends, and that portion of earnings that is retained. The rise...

swaption

Put very simply in a simplistic model, the expected stock price appreciation should be based on the net earnings yield, after distribution of dividends. In your example, of the 6.67% earnings yield, let's assume 3% is paid out as dividends. The expected price appreciation attributable only to earnin...

swaption

I disagree. It's a lot easier to find good no load funds nowadays, especially if you do it yourself and stay away from sharks. The fact that interest rates are at historic lows in a completely separate issue... Issue is we are in a low return environment stocks bonds interest rates etc. They are no...

swaption

2-3 year old tacomas at least from carmax are only a thousand or two lower than their original MSRP. It sucks their is no lease incentives but I assume that is because of the high residual value estimate. You really do have to understand what is going on here. 2-3 years ago that Tacoma residual was...

swaption

Very bad idea. The way a manufacturer provides incentives in a lease is to subsidize the contract residual value. What this does is it artificially inflates the contract lease end purchase price to a level above what is expected, and thereby it reduces the monthly lease payments. As a result, the le...

swaption

Understand that over here there would be skeptics, but this is the real deal in terms of trade-in. Hit the $650 trade-in for the iphone 6 on my wife's phone, when I was actually only calling to upgrade my daughter's phone. In her case, she has a 5C for which they were offering an equally absurd reb...

swaption

I thoroughly enjoyed the movie, as did my gf, which surprised me since she is not particularly interested in finance. The one shocking feature to me was the mention at the end of the 2015 appearance of the "Bespoke Tranche Opportunity", described as a repackaging of the old familiar CDO w...

swaption

Understand that over here there would be skeptics, but this is the real deal in terms of trade-in. Hit the $650 trade-in for the iphone 6 on my wife's phone, when I was actually only calling to upgrade my daughter's phone. In her case, she has a 5C for which they were offering an equally absurd reba...

swaption

Our daughter made it to the beginning of Level 7. At Level 5, she broke both bones in her forearm. Really crazy getting that phone call and then seeing your daughter's arm in a different shape. The x-ray was like a caricature of an x-ray, but no surgery necessary. She came back, and then left at Lev...

swaption

Hi Swaption, Isn't it a bit early to celebrate victory??? :happy If I line up total stock (VTI) vs say vanguard REIT (VNQ) from day following Dr Bernstein post, I think Morningstar says my REITs are still down by ~15% compared to selling all and buying VTI or S&P500. http://quotes.morningstar.c...

swaption

You want to be liked You want people to like working with you You want to be constructive You want to be engaged You want to be effective and productive You want to be cooperative You want to care about the effectiveness of your group and your organization You want to be attentive and communicate ef...

swaption

What are some good prudent rules of thumb for one's max house value as a % of net worth? It seems a lot of people think about it from an income perspective, but I have not come across a rule of thumb for net worth. Obviously this is a complicated consideration and dependent on many factors (e.g., w...

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