Search found 343 matches

by sean.mcgrath
Sat Jun 27, 2020 8:58 am
Forum: Investing - Theory, News & General
Topic: Taleb: The coronavirus is not a black swan.
Replies: 81
Views: 7851

Re: Taleb: The coronavirus is not a black swan.

VictoriaF wrote:
Sat Jun 27, 2020 8:45 am
Hi Sean
Thank you, Victoria. That was helpful and an interesting read!
by sean.mcgrath
Sat Jun 27, 2020 8:40 am
Forum: Personal Consumer Issues
Topic: Dress Shirts
Replies: 47
Views: 3668

Re: Dress Shirts

stan1 wrote:
Sat Jun 27, 2020 8:16 am
For the price of a Kamakura shirt ($99) may as well look at a custom made shirt from Proper Cloth ($109), especially if you prefer a tailored fit or deviate from the standard of a typical men's body (I have very slim arms).
Thanks, Stan. You would have an in-person fitting in NY?
by sean.mcgrath
Sat Jun 27, 2020 5:58 am
Forum: Personal Consumer Issues
Topic: Best watch for $5,000+
Replies: 98
Views: 7348

Re: Best watch for $5,000+

Ebay. They know what they are looking for and in this market, get the best price. But you pay some to Ebay. The best place to get a fair price from buyers who know what they are looking at, try TRF (rolexforums.com). You can also post up a couple of pics and they will help you get an idea of what i...
by sean.mcgrath
Sat Jun 27, 2020 4:19 am
Forum: Personal Consumer Issues
Topic: Dress Shirts
Replies: 47
Views: 3668

Re: Dress Shirts

pomomojo wrote:
Fri Jun 19, 2020 12:21 pm
Kamakura, a Japanese brand, actually make a better version of the classic style BB dress shirts.
Thanks for the tip. I'd never heard of them, and the website looks pretty good.
by sean.mcgrath
Sat Jun 27, 2020 4:13 am
Forum: Personal Consumer Issues
Topic: Dress Shirts
Replies: 47
Views: 3668

Re: Dress Shirts

Also 15 in rotation, mostly the higher end Jos Banks. After 3-4 years I start to fray in the collar and cuffs, which I then use in the office and keep the nice ones for travel / external meetings. After 5-6 years they are done.
by sean.mcgrath
Sat Jun 27, 2020 4:01 am
Forum: Personal Consumer Issues
Topic: Best watch for $5,000+
Replies: 98
Views: 7348

Re: Best watch for $5,000+

Not sure how closely you look at this stuff - but assuming your Sub is a stainless steel one (either 5 digit for 6 digit) - chances are you can sell it now for at least as much if not more than you paid for it. Might be an option if you are wanting to unload it / get your money back. That's one nic...
by sean.mcgrath
Fri Jun 26, 2020 10:54 am
Forum: Investing - Theory, News & General
Topic: Taleb: The coronavirus is not a black swan.
Replies: 81
Views: 7851

Re: Taleb: The coronavirus is not a black swan.

TomatoTomahto wrote:
Fri Jun 26, 2020 10:51 am
I think I just admitted I didn’t “get” the book, so why would you ask me of all people? Ask someone who gets it, or purports to.
You and Victoria are the only two who have claimed to have read it, so I am grasping at straws! :beer
by sean.mcgrath
Fri Jun 26, 2020 10:46 am
Forum: Investing - Theory, News & General
Topic: Taleb: The coronavirus is not a black swan.
Replies: 81
Views: 7851

Re: Taleb: The coronavirus is not a black swan.

Most people posting here have not read the book "The Black Swan." Victoria Hi Victoria, That was my impression as well. Since I belong to that happy group of non-readers, I was hoping someone could give examples of what Taleb did consider to be Black Swans. Can you shed any light? I understand the ...
by sean.mcgrath
Fri Jun 26, 2020 9:45 am
Forum: Investing - Theory, News & General
Topic: Taleb: The coronavirus is not a black swan.
Replies: 81
Views: 7851

Re: Taleb: The coronavirus is not a black swan.

Most people posting here have not read the book "The Black Swan." Victoria Hi Victoria, That was my impression as well. Since I belong to that happy group of non-readers, I was hoping someone could give examples of what Taleb did consider to be Black Swans. Can you shed any light? I understand the ...
by sean.mcgrath
Fri Jun 26, 2020 6:00 am
Forum: Non-US Investing
Topic: Expat in Switzerland using Schwab
Replies: 27
Views: 1403

Re: Expat in Switzerland using Schwab

Without going too much into detail would you mind sharing how you got classified as a Professional Client (or was it Elective Professional Client?). I checked and the criteria are relative hard to reach for somebody not trading a lot except if you are in the financial industry. https://ibkr.info/no...
by sean.mcgrath
Fri Jun 26, 2020 5:19 am
Forum: Personal Consumer Issues
Topic: What is the single best piece of exercise equipment you bought for your home?
Replies: 221
Views: 11465

Re: What is the single best piece of exercise equipment you bought for your home?

On the e-bike debate: I'm really skeptical of the research that touts its fitness benefits as comparable to riding a regular bike. I have a commute with a few rolling hills that I regularly bike. A friend who lives nearby commutes it with an e-bike, which means he pedals on the flats, coasts downhi...
by sean.mcgrath
Fri Jun 26, 2020 5:04 am
Forum: Non-US Investing
Topic: Expat in Switzerland using Schwab
Replies: 27
Views: 1403

Re: Expat in Switzerland using Schwab

bart_ch wrote:
Fri Jun 26, 2020 4:21 am
I'm listed as a retail client.
Fingers crossed that CH is different than NL.
by sean.mcgrath
Fri Jun 26, 2020 4:07 am
Forum: Non-US Investing
Topic: Expat in Switzerland using Schwab
Replies: 27
Views: 1403

Re: Expat in Switzerland using Schwab

If my NL experience is any guide, it doesn't make sense to try opening IB with a Swiss address as they won't let you buy any US ETFs then. I resolved it by being accepted to be treated as a professional investor. I can't speak to how easy it is with a US address. I have IB with my Swiss address and...
by sean.mcgrath
Thu Jun 25, 2020 1:48 pm
Forum: Personal Investments
Topic: How much are your stock ETF dividends down?
Replies: 10
Views: 486

Re: How much are your stock ETF dividends down?

... My ITOT's are down 23% and my IXUS's are down 34% YoY. I wonder why the difference. Google for "european dividend cuts" to find some ideas why. Basically, companies in Europe have been more likely to cut dividends than those in the US. Example, back at end of April, Royal Dutch Shell cut its di...
by sean.mcgrath
Thu Jun 25, 2020 1:30 pm
Forum: Personal Investments
Topic: How much are your stock ETF dividends down?
Replies: 10
Views: 486

Re: How much are your stock ETF dividends down?

My US Total Stock index is up 28% for the quarter - but it was down 20% in Q1 so probably some timing issues. EU and AWexUS were down 64% and 56% respectively in Q2. For Vanguard Total Stock Market Index Fund (VTSAX), the dividends are up from last quarter and from last year. https://investor.vangu...
by sean.mcgrath
Thu Jun 25, 2020 1:22 pm
Forum: Personal Consumer Issues
Topic: What is the single best piece of exercise equipment you bought for your home?
Replies: 221
Views: 11465

Re: What is the single best piece of exercise equipment you bought for your home?

How is an electric bike a piece of exercise equipment? h82goslw, A) Instead of driving to the library, grocery store, and so on, it is faster and easier to get there with an electric bike. B) For older folks, it extends the range of biking. KlangFool I've ridden centuries (100 mile rides) with 80+ ...
by sean.mcgrath
Thu Jun 25, 2020 12:45 pm
Forum: Investing - Theory, News & General
Topic: Dividend payouts not as low as expected. Any conclusions to be drawn from that?
Replies: 13
Views: 1399

Re: Dividend payouts not as low as expected. Any conclusions to be drawn from that?

Ah, I searched in the Personal Finance section and didn't see anything similar. Just made an opposing post there. :D

My June/July dividends are down 30% vs last year, despite owning more shares. IVLU is down 50%, so it could just be that I have a value tilt. What is "not as low" for you?
by sean.mcgrath
Thu Jun 25, 2020 12:31 pm
Forum: Personal Investments
Topic: How much are your stock ETF dividends down?
Replies: 10
Views: 486

Re: How much are your stock ETF dividends down?

jebmke wrote:
Thu Jun 25, 2020 12:26 pm
My US Total Stock index is up 28% for the quarter - but it was down 20% in Q1 so probably some timing issues.

EU and AWexUS were down 64% and 56% respectively in Q2.

Hi Jeb,
I'm asking about dividend payouts. Is that what you mean?
by sean.mcgrath
Thu Jun 25, 2020 12:16 pm
Forum: Personal Investments
Topic: How much are your stock ETF dividends down?
Replies: 10
Views: 486

How much are your stock ETF dividends down?

It looks like my dividends are down 30% from a year ago (despite owning more shares). Poor IVLU's are down 50%.

Curious: are people wildly above or below my 30% drop?
by sean.mcgrath
Thu Jun 25, 2020 6:53 am
Forum: Personal Consumer Issues
Topic: I Got Scammed To Send Amazon Gift Cards
Replies: 139
Views: 12946

Re: I Got Scammed To Send Amazon Gift Cards

Sure they might be technically illegal. Surely there is something which doesn't allow one to do this. But in a practical sense, when there is no one being investigated or prosecuted for these acts, then practically speaking they are not illegal, they are just annoyances one has to deal with in life...
by sean.mcgrath
Thu Jun 25, 2020 6:29 am
Forum: Personal Consumer Issues
Topic: I Got Scammed To Send Amazon Gift Cards
Replies: 139
Views: 12946

Re: I Got Scammed To Send Amazon Gift Cards

When will folks realize that gifts are for people too lazy to shop for gifts, and not a form of currency. I've used them to send money to people in other currency blocks, as Amazon was offering better exchange rates than what I could do with a bank for $200 or so. I wouldn't get too dogmatic about ...
by sean.mcgrath
Thu Jun 25, 2020 6:05 am
Forum: Personal Consumer Issues
Topic: What is the single best piece of exercise equipment you bought for your home?
Replies: 221
Views: 11465

Re: What is the single best piece of exercise equipment you bought for your home?

I love my Weider 335 bench set, about twenty years old now. I was a distance runner in college, so definitely not a weights guy, but it is fantastic to have this in the house. It's very convenient to do physio for various aches and pains, and to keep at a very basic strength level. I use it more as ...
by sean.mcgrath
Thu Jun 25, 2020 5:57 am
Forum: Non-US Investing
Topic: Expat in Switzerland using Schwab
Replies: 27
Views: 1403

Re: Expat in Switzerland using Schwab

I think we'll aim for doing this, and trying to set up an IB account as well. If anyone has experience doing so and could advise how easy it would be to use our US address vs our Swiss address when signing up, that would be helpful. If my NL experience is any guide, it doesn't make sense to try ope...
by sean.mcgrath
Thu Jun 25, 2020 2:34 am
Forum: Personal Finance (Not Investing)
Topic: Follow our journey to retirement
Replies: 33
Views: 3633

Re: Follow our journey to retirement

I enjoyed your previous thread. I see that in the meantime your spending has gone up a ton and you are now at least considering staying in your house -- two things you were sure then were not going to happen. :D It does show how easy it is to be overconfident about future choices. Anyway, you've cle...
by sean.mcgrath
Wed Jun 24, 2020 12:03 pm
Forum: Non-US Investing
Topic: Expat in Switzerland using Schwab
Replies: 27
Views: 1403

Re: Expat in Switzerland using Schwab

ivk5 wrote:
Wed Jun 24, 2020 11:46 am
Suggest that OP verify... it’s possible it does apply in CH as of 01.01.2020.
Yes, this site states that it has come into force for Switzerland as well.
by sean.mcgrath
Wed Jun 24, 2020 11:27 am
Forum: Personal Investments
Topic: Tax consequences of IB Stock Yield Enhancement program?
Replies: 48
Views: 2537

Re: Tax consequences of IB Stock Yield Enhancement program?

cowbman wrote:
Wed Jun 24, 2020 11:22 am
So, if the % is very low, such as VTI, you have little chance of it being leant out?
I assume it does reflect supply vs. demand, but IB lends out proportionally to everyone in the program, so even my ITOT has been lent. The amount you earn on the low % ones is trivial, however.
by sean.mcgrath
Wed Jun 24, 2020 11:24 am
Forum: Non-US Investing
Topic: Expat in Switzerland using Schwab
Replies: 27
Views: 1403

Re: Expat in Switzerland using Schwab

Would you (try to) sign up for IB using our Swiss residential address, or using our US mailing address? Apologies, I did not realize this: (MiFID/PRIIPs requirements don't currently apply to Swiss investors.) If that's the case, it's not clear to me why you will have any issues at all with your Swi...
by sean.mcgrath
Wed Jun 24, 2020 6:20 am
Forum: Non-US Investing
Topic: Expat in Switzerland using Schwab
Replies: 27
Views: 1403

Re: Expat in Switzerland using Schwab

Do you have any suggestions on good brokerages to check out, that also might be sympathetic to international clients? Schwab Int'l and International Brokers are both frequently cited, though I don't have first-hand experience with either. I use Vanguard (primary) and TD Ameritrade (backup), neither...
by sean.mcgrath
Tue Jun 23, 2020 8:32 am
Forum: Non-US Investing
Topic: Expat in Switzerland using Schwab
Replies: 27
Views: 1403

Re: Expat in Switzerland using Schwab

I'm a US expat living in Switzerland for about a year now. My wife and I currently have all our accounts with Schwab (not Schwab International -- just the regular Schwab US), including brokerage/tIRAs/Roths. We hired a financial planner to help with various financial issue during the relocation to ...
by sean.mcgrath
Tue Jun 23, 2020 8:12 am
Forum: Investing - Theory, News & General
Topic: Top 10 Things Bogleheads Get Wrong - White Coat Investor
Replies: 143
Views: 13670

Re: Top 10 Things Bogleheads Get Wrong - White Coat Investor

Wow, a great article. As an entrepreneur (started an anime-related business in 1996 and managed to keep it going ever since), I've often thought that this forum pooh-pooh'ed the benefits of having a company, either as a wealth-building vehicle or a cost-management entity (many of my out of pocket e...
by sean.mcgrath
Mon Jun 22, 2020 9:58 am
Forum: Personal Consumer Issues
Topic: Pros and Cons of Male vs. Mixte vs. Female Bike Frames
Replies: 19
Views: 1423

Re: Pros and Cons of Male vs. Mixte vs. Female Bike Frames

alfaspider wrote:
Mon Jun 22, 2020 9:52 am
"Dutch" style bikes are often made with step through frames, and are unisex.
Except for the name: Oma fiets (grandma bike). My son has one, and they are definitely popular with both genders.

I second the view that they are nicer for short rides, and less well suited for long ones.
by sean.mcgrath
Mon Jun 22, 2020 9:17 am
Forum: Investing - Theory, News & General
Topic: Amount needed to retire - inflation adjusted
Replies: 49
Views: 5463

Re: Amount needed to retire - inflation adjusted

What is your savings goal? The oft cited recommendation is 25 X's yearly spent and you can spend aprox 4%. Do you shoot for $1,250,000 or do you adjust for inflation? Is aiming for that 25 X's yearly spend just assuming that the growth in value of my investments will cover inflation and I don't nee...
by sean.mcgrath
Sat Jun 20, 2020 2:28 pm
Forum: Personal Investments
Topic: Tax consequences of IB Stock Yield Enhancement program?
Replies: 48
Views: 2537

Re: Tax consequences of IB Stock Yield Enhancement program?

Where do you go to find the table of rates? I don't have an IB account yet, but I'd like to check the rates on few securities. You can use below website for some indications on market borrow fee rate and availability. It's very hard on predict if your stock/ETFs will be lend out a given day. The lo...
by sean.mcgrath
Sat Jun 20, 2020 10:13 am
Forum: US Chapters
Topic: West Michigan Bogleheads Chapter - chat
Replies: 64
Views: 6851

Re: West Michigan Bogleheads Chapter - chat

I will plan a meeting as soon as we can safely meet at a restaurant, etc. Hi David, Our cottage is near GR, and in a couple of years will probably be spending more time there. I'd be interested in being added to the list, and hopefully joining a summer meeting (although not this year, sad to say......
by sean.mcgrath
Sat Jun 20, 2020 6:09 am
Forum: Personal Consumer Issues
Topic: Retiring Abroad
Replies: 109
Views: 10772

Re: Retiring Abroad

This may be true but may also not be true. It depends on where you live. The Federal government doesn't regulate driving in America. So it is up to each and every state to individually decide what they do and don't accept. The joys of "federalism". You need to research the law in every state you pl...
by sean.mcgrath
Sat Jun 20, 2020 4:51 am
Forum: Personal Consumer Issues
Topic: Retiring Abroad
Replies: 109
Views: 10772

Re: Retiring Abroad

Our high school Spanish teacher would try to trick us into these. The embarrassment worked - I still remember how I learned that "embarazada" means pregnant, not embarrassed. I will be 50 soon. Yes, they stick with you forever. When we lived in France, my French teacher got fed up with me saying "l...
by sean.mcgrath
Thu Jun 18, 2020 6:26 am
Forum: Investing - Theory, News & General
Topic: A Returns Spreadsheet for Bogleheads
Replies: 302
Views: 77241

Re: A Returns Spreadsheet for Bogleheads

I think you missed my edit, though. I confirmed your statement. I saw your edit, but it didn't retract your statement about how I was calculating returns. I thought that it was important to clarify that the choice of reinvesting dividends or withdrawing them has no impact on time-weighted returns w...
by sean.mcgrath
Thu Jun 18, 2020 6:15 am
Forum: Investing - Theory, News & General
Topic: A Returns Spreadsheet for Bogleheads
Replies: 302
Views: 77241

Re: A Returns Spreadsheet for Bogleheads

longinvest wrote:
Thu Jun 18, 2020 6:09 am
Thanks, live. I think you missed my edit, though. I confirmed your statement.
by sean.mcgrath
Thu Jun 18, 2020 5:44 am
Forum: Personal Investments
Topic: UK Accumulating ETF for US Resident
Replies: 8
Views: 374

Re: UK Accumulating ETF for US Resident

Fwiw, I also wanted a Euro bond fund and could not get one in the US. In the end, I went the PFIC route (which definitely has its issues) and bought iShares Eur Aggregate Distributing. The only other option I could find was to purchase individual bonds.
by sean.mcgrath
Thu Jun 18, 2020 5:03 am
Forum: Investing - Theory, News & General
Topic: What picture can paint a thousand Bogle words?
Replies: 36
Views: 4262

Re: What picture can paint a thousand Bogle words?

And here is another favourite I finally dug up again! Inflation adjusted returns across two centuries. It is something that would belong in this awesome JCollins article: https://jlcollinsnh.com/2012/04/19/stocks-part-ii-the-market-always-goes-up/ https://i.imgur.com/Lfz641C.png That's a nice chart...
by sean.mcgrath
Thu Jun 18, 2020 2:38 am
Forum: Investing - Theory, News & General
Topic: A Returns Spreadsheet for Bogleheads
Replies: 302
Views: 77241

Re: A Returns Spreadsheet for Bogleheads

Attributing the extra 0.171313% return to dividends is incorrect and misleading. This extra return isn't due solely to dividends. Had the investment experienced a 0% capital return, there wouldn't have been such an extra return. (I leave the detailed calculations to check this as an exercise). Hint...
by sean.mcgrath
Wed Jun 17, 2020 1:59 pm
Forum: Investing - Theory, News & General
Topic: A Returns Spreadsheet for Bogleheads
Replies: 302
Views: 77241

Re: A Returns Spreadsheet for Bogleheads

Sean, unfortunately this results into incorrect and misleading information . I'll let you verify this yourself so that you understand why. Here's how: build a similarly modified spreadsheet to calculate the return coming from capital gains and losses. In other words, increase the monthly balance on...
by sean.mcgrath
Wed Jun 17, 2020 10:12 am
Forum: Investing - Theory, News & General
Topic: What famous investing quote reminds you of your investing style?
Replies: 135
Views: 6142

Re: What famous investing quote reminds you of your investing style?

Well, he SHOULD have! True! (although you appear to be an exception to the rule) I was at a wedding, where there was a "Mark Twain quote" on the napkins. My sister-in-law snorted "Mark Twain would never have said that!" We all Googled, found the quote everywhere, but never a source. I always remind...
by sean.mcgrath
Wed Jun 17, 2020 9:13 am
Forum: Investing - Theory, News & General
Topic: The “Abandon Bonds” strategy
Replies: 200
Views: 16220

Re: The “Abandon Bonds” strategy

The judgement is not how you are labelled on some scale. The judgement is what is your estimate of the consequences and then what do you prefer. If you want as much chance of return as is on offer and risk doesn't mean much to you then efficiency is not a meaningful consequence. For people that mig...
by sean.mcgrath
Wed Jun 17, 2020 9:06 am
Forum: Personal Investments
Topic: Tax consequences of IB Stock Yield Enhancement program?
Replies: 48
Views: 2537

Re: Tax consequences of IB Stock Yield Enhancement program?

No idea I'm afraid. But the day that AVDV got shorted it rose more than 2%... so I'm not going to follow the shorter's sentiment :-) I didn't say they were right, just that they expect it. I've seen a study that says they don't do any better job predicting the market than any other stock pickers. :...
by sean.mcgrath
Wed Jun 17, 2020 8:57 am
Forum: Investing - Theory, News & General
Topic: A Returns Spreadsheet for Bogleheads
Replies: 302
Views: 77241

Re: A Returns Spreadsheet for Bogleheads

longinvest wrote:
Wed Jun 17, 2020 7:24 am
Sean, unfortunately this results into incorrect and misleading information.
Interesting, thanks for the detailed reply long. It's not intuitive to me, and I need to think it through. The total return comment is clear, of course.
by sean.mcgrath
Wed Jun 17, 2020 8:53 am
Forum: Investing - Theory, News & General
Topic: The “Abandon Bonds” strategy
Replies: 200
Views: 16220

Re: The “Abandon Bonds” strategy

i think what he means is the risk-adjusted return (ie portfolio efficiency) gets lower and lower as you push out further and further toward 100/0 the "thinking" is...while you might increase return slightly by going from (eg) 80% to 85% stock you have to increase risk/SD much more to squeeze that l...
by sean.mcgrath
Wed Jun 17, 2020 5:03 am
Forum: Investing - Theory, News & General
Topic: A Returns Spreadsheet for Bogleheads
Replies: 302
Views: 77241

Re: A Returns Spreadsheet for Bogleheads

crinkles2 wrote:
Wed Jun 17, 2020 4:33 am
If I am looking at an ETF which has a dividend paid to a cash account, is that counted as a withdrawal?
Yes, at least I do. Otherwise the return would be understated.
by sean.mcgrath
Wed Jun 17, 2020 4:28 am
Forum: Personal Investments
Topic: Tax consequences of IB Stock Yield Enhancement program?
Replies: 48
Views: 2537

Re: Tax consequences of IB Stock Yield Enhancement program?

I wouldn't for a second choose an ETF for the potential in SYEP, the SYEP return is miniscule. It's more like those sweet jars on the counter when you leave a restaurant... Yes, free sweets! And it's better than no sweets. But I wouldn't choose the restaurant based on them.... Yep, agree. I can't t...
by sean.mcgrath
Wed Jun 17, 2020 4:06 am
Forum: Investing - Theory, News & General
Topic: A Returns Spreadsheet for Bogleheads
Replies: 302
Views: 77241

Re: A Returns Spreadsheet for Bogleheads

Hi Long, I'm not expecting you to do anything with this information, but thought you might be interested. I wanted to see how much of my IRR is coming from dividends. Since, in my case, dividends are my only withdrawals (and are promptly re-invested), I copied your two flow columns and removed withd...