Search found 4782 matches

by triceratop
Tue Aug 28, 2018 1:05 am
Forum: Personal Consumer Issues
Topic: Planning for an Indian wedding In NY/ NH area.
Replies: 96
Views: 5575

Re: Planning for an Indian wedding In NY/ NH area.

Amusingly, the numbers presented in the article ($12 million over 415 weddings) do not exactly paint a picture of extravagance that the author depicted. I was wondering about that as well. That’s an average of less than $30k per wedding. The other revenue number mentioned, $3.3 million for 118 wedd...
by triceratop
Tue Aug 28, 2018 12:19 am
Forum: Personal Consumer Issues
Topic: Planning for an Indian wedding In NY/ NH area.
Replies: 96
Views: 5575

Re: Planning for an Indian wedding In NY/ NH area.

I suspect that there is a big disconnect on the idea of what a typical Indian wedding is really like and what is being planned. I just looked it up and the per-capita income in India is very modest and even if everything is less expensive in India there is no way that the average wedding in India c...
by triceratop
Tue Aug 28, 2018 12:13 am
Forum: Personal Consumer Issues
Topic: Recommend a good SOCK. Yes, I said SOCK!
Replies: 48
Views: 4023

Re: Recommend a good SOCK. Yes, I said SOCK!

My preferred kind of SOCKS is version 5, which has worked well since the late 90s. It is great for disguising where you are actually located (great for appearing like you're in a different network, when you want to download academic papers from within a university network etc) Oh you meant for feet....
by triceratop
Mon Aug 27, 2018 10:35 pm
Forum: Personal Consumer Issues
Topic: Planning for an Indian wedding In NY/ NH area.
Replies: 96
Views: 5575

Re: Planning for an Indian wedding In NY/ NH area.

KlangFool, In the area of interpersonal relationships it is often not sufficient to reduce things to exclusive multiple-choice decisions which all logical humans will happily complete and arrive at the "correct" decision. As Thaler is fond of saying, humans are not so-called "Econs", those enviable ...
by triceratop
Mon Aug 27, 2018 8:30 pm
Forum: Personal Consumer Issues
Topic: Planning for an Indian wedding In NY/ NH area.
Replies: 96
Views: 5575

Re: Planning for an Indian wedding In NY/ NH area.

I think OP is Bangladeshi. So, for people asking about the OP's background, consider that. As others have noted, Indian weddings are famously lavish, and are often paid for by the bride's family. I have some personal experience with this -- though in my case not fully, partially because bride's pare...
by triceratop
Thu Aug 23, 2018 2:27 am
Forum: Forum Issues and Administration
Topic: Rating system for posts/posters ?
Replies: 60
Views: 2681

Re: Rating system for posts/posters ?

I never found reading triceratop’s posts to be particularly laden with revelatory and new information. Should I downvote his posts? :confused

This, ahem, will almost certainly not happen.
by triceratop
Thu Aug 23, 2018 1:57 am
Forum: Investing - Theory, News & General
Topic: Workers on Corporate Boards - Principal-Agent Problem
Replies: 17
Views: 1323

Re: Workers on Corporate Boards - Principal-Agent Problem

But that is not the deal I am looking for when I enter into deals with corporations, entrusting them with my capital. This somehow feels like betrayal. How is it betrayal, exactly? You can choose not to invest your capital in those companies, no? I agree that it's not "betrayal" exactly -- one know...
by triceratop
Wed Aug 22, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Is divorce a wise financial move?
Replies: 90
Views: 5049

Re: Is divorce a wise financial move?

mptfan wrote:
Wed Aug 22, 2018 9:41 am
smitcat wrote:
Wed Aug 22, 2018 7:23 am
Divorcing for the specific purpose of financial gain with anything such as taxes, SS and medical status woudl be fraud and woudl be looked upon as theft.
I do not think this is true. Who is stealing from whom?
In theory, if it is in fact fraud, the US Treasury.
by triceratop
Wed Aug 22, 2018 9:48 am
Forum: Investing - Theory, News & General
Topic: Cash Flow Gain Primary Residence
Replies: 152
Views: 4429

Re: Cash Flow Gain Primary Residence

You have to do this slowly and provide some example. She did provide an example here: middistancerunner, You had bought the house. Rent increases no longer affect you. You only need to consider the rent at the moment of the rent versus buy comparison. Your cash flow is fixed due to the house purcha...
by triceratop
Wed Aug 22, 2018 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Is divorce a wise financial move?
Replies: 90
Views: 5049

Re: Is divorce a wise financial move?

Divorcing for the specific purpose of financial gain with anything such as taxes, SS and medical status woudl be fraud and woudl be looked upon as theft. Cementing the intent to perform this fraud in the future by posting on line and/or by disclsosing such plans to others would likely be a mistake....
by triceratop
Wed Aug 22, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: Cash Flow Gain Primary Residence
Replies: 152
Views: 4429

Re: Cash Flow Gain Primary Residence

Now, whether someone should use this model to decide their rent versus buy for a particular house, it is not part of the discussion.
Of course it is, given that this is the Theory subforum. The applicability and appropriateness of any proposed model is always a valid question.
by triceratop
Wed Aug 22, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Is divorce a wise financial move?
Replies: 90
Views: 5049

Re: Is divorce a wise financial move?

Divorcing for the specific purpose of financial gain with anything such as taxes, SS and medical status woudl be fraud and woudl be looked upon as theft. Cementing the intent to perform this fraud in the future by posting on line and/or by disclsosing such plans to others would likely be a mistake....
by triceratop
Wed Aug 22, 2018 8:59 am
Forum: Investing - Theory, News & General
Topic: Cash Flow Gain Primary Residence
Replies: 152
Views: 4429

Re: Cash Flow Gain Primary Residence

If we start with the assumption that the person can afford either decision, does it really matter? No, and that's the beauty of it. Since you will be fine no matter what you do, plenty of bad analysis can be swept under the rug because one will be successful no matter what one does. I have to say t...
by triceratop
Tue Aug 21, 2018 9:42 pm
Forum: Investing - Theory, News & General
Topic: Cash Flow Gain Primary Residence
Replies: 152
Views: 4429

Re: Cash Flow Gain Primary Residence

KF, I kind of feel like you’re focusing on an irrelevant detail, whether it’s an apartment or a house, when the real substance is in the concrete math that she points out.
by triceratop
Tue Aug 21, 2018 7:40 pm
Forum: Investing - Theory, News & General
Topic: Cash Flow Gain Primary Residence
Replies: 152
Views: 4429

Re: Cash Flow Gain Primary Residence

You say “ongoing cash flow gain” and then don’t consider adjustments to rent on an ongoing basis. You can of course do whatever you want but what you propose makes no logical sense. Since this is the Theory board there will be pushback, especially to the extent you advocate such things outside of th...
by triceratop
Tue Aug 21, 2018 6:37 pm
Forum: Investing - Theory, News & General
Topic: Cash Flow Gain Primary Residence
Replies: 152
Views: 4429

Re: Cash Flow Gain Primary Residence

middistancerunner, You had bought the house. Rent increases no longer affect you. You only need to consider the rent at the moment of the rent versus buy comparison. Your cash flow is fixed due to the house purchase. KlangFool This is bad reasoning. Purchasing a house generally does results in lock...
by triceratop
Tue Aug 21, 2018 6:29 pm
Forum: Investing - Theory, News & General
Topic: Cash Flow Gain Primary Residence
Replies: 152
Views: 4429

Re: Cash Flow Gain Primary Residence

middistancerunner, Cash flow analysis does not require a forecast of future house appreciation and/or rental value. Once you bought the house, the cash flow requirement is fixed except for the property tax increases. KlangFool But cash flow analysis relative to renting only requires zero forecastin...
by triceratop
Tue Aug 21, 2018 5:51 pm
Forum: Investing - Theory, News & General
Topic: What non-Vanguard ETFs will you be looking to buy?
Replies: 62
Views: 6643

Re: What non-Vanguard ETFs will you be looking to buy?

If I were still at Vanguard I would be looking to buy iShares, Schwab, Wisdom tree index funds that were not offered by Vanguard or are suboptimal at Vanguard for whatever reason. Some tickers: IJS, DGS, FALN, FNDE, FNDF, IVLU. The list is very short. If you don't tilt away from the market portfolio...
by triceratop
Tue Aug 21, 2018 5:38 pm
Forum: Investing - Theory, News & General
Topic: Cash Flow Gain Primary Residence
Replies: 152
Views: 4429

Re: Cash Flow Gain Primary Residence

middistancerunner, Cash flow analysis does not require a forecast of future house appreciation and/or rental value. Once you bought the house, the cash flow requirement is fixed except for the property tax increases. KlangFool But cash flow analysis relative to renting only requires zero forecastin...
by triceratop
Sat Aug 18, 2018 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Your major and investing/finance?
Replies: 99
Views: 5113

Re: Your major and investing/finance?

I do math. The Riemann-Lebesgue lemma is analoguous to the idea that portfolio volatility decreases long-term returns.
by triceratop
Fri Aug 17, 2018 3:09 pm
Forum: Investing - Theory, News & General
Topic: Is President Jimmy Carter a Boglehead?
Replies: 22
Views: 1884

Re: Is President Jimmy Carter a Boglehead?

UpsetRaptor wrote:
Fri Aug 17, 2018 3:07 pm
Alright Jimmy, the gig's up, so what's your BH username?
You got me, hi everybody, Jimmy here. ;)

locked: not actionable and topic exhausted (devolved into politics, religion).
by triceratop
Fri Aug 17, 2018 1:37 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 753
Views: 73504

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

I just skimmed the prospectus for these new ZERO funds. It looks like they will only be distributing dividends and capital gains once a year (December). That's a step beyond FSTVX (Fidelity US total market) that only distributes twice a year (April and December). Not sure if this is a cost cutting ...
by triceratop
Fri Aug 17, 2018 1:18 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 753
Views: 73504

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

I just skimmed the prospectus for these new ZERO funds. It looks like they will only be distributing dividends and capital gains once a year (December). That's a step beyond FSTVX (Fidelity US total market) that only distributes twice a year (April and December). Not sure if this is a cost cutting ...
by triceratop
Fri Aug 17, 2018 10:45 am
Forum: Investing - Theory, News & General
Topic: Workers on Corporate Boards - Principal-Agent Problem
Replies: 17
Views: 1323

Re: Workers on Corporate Boards - Principal-Agent Problem

Shareholder value is a myth; that is, you should reconsider your assumptions about any structural reason it's any different without "workers" on corporate boards. You should also revisit your assumptions that there aren't already "workers" on corporate boards; yes, executive board members may be inc...
by triceratop
Thu Aug 16, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 111
Views: 8967

Re: Why the Yale Endowment Hate?

zzcooper123 wrote:
Thu Aug 16, 2018 5:31 pm
The Yale Endowment Fund pays no taxes and has a potentially unlimited holding period.

You pay taxes and have a finite holding period.
Private universities now pay taxes, no?
by triceratop
Thu Aug 16, 2018 6:43 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 753
Views: 73504

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

You could also look at the 2016 sheet which has information on competing S&P 500 funds, with similar differences in tax efficiency due to capital gains distributions. Thanks again for putting up that tax calculator. I look forward to your birthday in 2019 when you will post the 2018 one. In last te...
by triceratop
Thu Aug 16, 2018 2:36 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 753
Views: 73504

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Reading through this thread there are a lot of statements/conclusions about the tax-drag of these funds being higher than the loss of the ER (with some pointing to a patent as evidence that it must be so) - and yet no evidence or concrete data appears (at least that I can see) that these funds will...
by triceratop
Thu Aug 16, 2018 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 111
Views: 8967

Re: Why the Yale Endowment Hate?

So you went to Wentworth? My son started there, but sort of Aced out after his first year and went to the 3rd oldest engineering school in the country. Calcutta Institute of Tech? Aka, Caltech? ;) Or perhaps Springfield Heights Institute of Tech? I should have known better than to wade into this on...
by triceratop
Thu Aug 16, 2018 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 111
Views: 8967

Re: Why the Yale Endowment Hate?

OP, where did you read this? Can you provide more context so those replying can deal with any possible criticism more substantively? ... I graduated from Harvard, so I am required to hate Yale. (But I have no dislike for their highly-successful endowment investment strategy.) Well, I graduated from ...
by triceratop
Thu Aug 16, 2018 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Does anyone do any pre-market trading in particular ETF's?
Replies: 1
Views: 198

Re: Does anyone do any pre-market trading in particular ETF's?

The time to invest new money was yesterday. There was an extended period yesterday when stocks were trading much lower. Why not invest then? Markets were very active so bid/ask spreads were penny to sub-penny level on popular ETFs. That is, unless you were trying to beat other traders to good news t...
by triceratop
Thu Aug 16, 2018 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Seattle- mandatory affordable housing units affect single family home values?
Replies: 47
Views: 3517

Re: Seattle- mandatory affordable housing units affect single family home values?

Yes, I would think she is facing an upcoming loss. Think of it this way. If there was another house exactly like hers and priced the same as hers, would a buyer want to buy the one in the shadow of a high-rise or the one that isn't? Apparently she has not been active in the local zoning and propert...
by triceratop
Wed Aug 15, 2018 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficiency vs. Lower Basis Points
Replies: 5
Views: 455

Re: Tax Efficiency vs. Lower Basis Points

I would check the resources linked to in this thread(https://www.bogleheads.org/forum/viewtopic.php?f=10&t=242137) to see if there is even an advantage in tax efficiency. Then, I would make a decision based off of that. For most people it's preferable to hold VSS in tax-deferred if possible (probabl...
by triceratop
Wed Aug 15, 2018 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficiency vs. Lower Basis Points
Replies: 5
Views: 455

Re: Tax Efficiency vs. Lower Basis Points

What other fund would you hold in Taxable/401k if you make the opposing choice?
by triceratop
Wed Aug 15, 2018 4:30 pm
Forum: Investing - Theory, News & General
Topic: Take your canes out in Emerging Markets
Replies: 35
Views: 6288

Re: Take your canes out in Emerging Markets

The valuations are reaching stupidly low levels again for EM value, but 1, I have large capital gains in them so I’m not going to sell and 2, I’m not going to catch a falling knife needlessly to buy more beyond the current auto 401k purchases Where do you get your (current, I hope, updated daily/we...
by triceratop
Wed Aug 15, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: Is the price of a new car a good proxy for the expense of owning it?
Replies: 38
Views: 2495

Re: Is the price of a new car a good proxy for the expense of owning it?

For depreciation, if you start with the assumption that new cars lose ~50% of their value in the first 3 years, then it's self-evident that a car that costs $50k would cost more than a car that costs $25k over a 5 year period. For whatever reason, people generally separate car purchase costs from o...
by triceratop
Wed Aug 15, 2018 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Retirement guidance for 38 yr old in Silicon Valley CA
Replies: 13
Views: 2384

Re: Retirement guidance for 38 yr old in Silicon Valley CA

I removed an off-topic/sexist comment and some replies; please keep comments related to what OP asked and away from sexist hectoring.
by triceratop
Wed Aug 15, 2018 10:55 am
Forum: Investing - Theory, News & General
Topic: Take your canes out in Emerging Markets
Replies: 35
Views: 6288

Re: Take your canes out in Emerging Markets

AlohaJoe wrote:
Wed Aug 15, 2018 9:07 am
All Real Bogleheads ™ look to grap0013, praise be his username, for all of our emerging markets market timing predictions: viewtopic.php?f=10&t=182107
+1 :)

I bought 25 VWO this morning.
by triceratop
Tue Aug 14, 2018 10:16 pm
Forum: Personal Consumer Issues
Topic: Is the price of a new car a good proxy for the expense of owning it?
Replies: 38
Views: 2495

Re: Is the price of a new car a good proxy for the expense of owning it?

Imagine a person with an annual salary of $60k and net income (after taxes etc.) of $46k, which is about $3,800/month. With living expenses of $1,500/month and retirement savings of $800 per month this person has roughly $1,500 in disposable income. If they spent roughly third of that disposable in...
by triceratop
Tue Aug 14, 2018 8:30 pm
Forum: Investing - Theory, News & General
Topic: How do index funds affect stock valuations?
Replies: 16
Views: 1341

Re: How do index funds affect stock valuations?

Phineas J. Whoopee wrote:
Tue Aug 14, 2018 8:00 pm
What if everybody indexed?
PJW
Although the topic title would seem to imply this google search is relevant to OP's question, it is in fact not.
by triceratop
Tue Aug 14, 2018 6:24 pm
Forum: Investing - Theory, News & General
Topic: How do index funds affect stock valuations?
Replies: 16
Views: 1341

Re: How do index funds affect stock valuations?

arcticpineapple's post is a good response for the market microstructure, and nisiprius' is also correct at a broader level. Let me get even more specific. Your question is essentially one of market impact. What does that mean? The reality is that there is not a single "price" that one has for a give...
by triceratop
Tue Aug 14, 2018 2:50 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1154
Views: 95085

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

The point is in the long term currency fluctuations add risk but no extra return. When the dollar goes up (like for the past 20 years!) a hedged fund does better, when the dollar goes down a unhedged fund does better. Why not smooth out the ride and invest 50/50 in hedged/unhedged? The currency flu...
by triceratop
Tue Aug 14, 2018 2:41 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1154
Views: 95085

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

kosomoto wrote:
Tue Aug 14, 2018 2:34 pm
Is the cost of hedging included in the expense ratio?
no.
by triceratop
Tue Aug 14, 2018 11:34 am
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 25311

Re: Invest in Tesla?

Musk is well known by the masses. Musk's followers, the "Elonions", regularly preach to anyone in their vicinity. Indeed, Musk is going to "change the world", but not the way people think. Listen, it has been well known for years that Musk & Tesla are taking it to big oil to save the world. It's ju...
by triceratop
Tue Aug 14, 2018 10:05 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1154
Views: 95085

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Heads up: I just bought $1k of International Small-cap. For a young investor just starting out this "disaster" looks more like an opportunity.
by triceratop
Tue Aug 14, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1154
Views: 95085

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

I bought international stocks last week. I might buy more this week. Maybe I'll buy OP's.

Past performance etc. etc.
by triceratop
Mon Aug 13, 2018 7:41 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21642

Re: "Don't Obsess About Expense Ratios"

There are plenty of people here that wish there was an Admiral Shares version of the TR funds. They could make their own elsewhere for less than Admiral Shares ER, so I would not know why they are just wishing. Rolling your own portfolio with mutual funds is different from TR or LS funds which requ...
by triceratop
Sun Aug 12, 2018 10:35 pm
Forum: Investing - Theory, News & General
Topic: (NEW) WisdomTree 90/60 U.S. Balanced Fund
Replies: 141
Views: 9250

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

I'm still working through the Hull book but I think it should be required reading, along with Larry Harris' "Trading and Exchanges" for people who think the mechanics of this stuff is interesting. I have been reading Harris' book. Highly interesting stuff! I recommend it too. Looks like I need to p...
by triceratop
Sat Aug 11, 2018 8:17 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21642

Re: "Don't Obsess About Expense Ratios"

I am unsure why Fidelity just did not cut the expense ratio's to their existing index funds. Now anyone with capital gains may not be able to invest in the new offerings. Maybe it wasn't in their shareholders' interests. Sorry, I meant Fidelity's, not the fund's; it can be confusing with non-Vangua...