Search found 2629 matches

by AlphaLess
Tue Jul 21, 2020 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 149
Views: 18102

Re: Landlords: How are you doing this year?

Anyone know? Have they lifted the eviction ban in California No. Extended to July 28th. No doom till August. But you would expect the doom to come before, right? As long as there is no eviction, there will be non-payment by some. I was wrong :oops: It's been extended through September 30th. https:/...
by AlphaLess
Tue Jul 21, 2020 10:32 pm
Forum: Investing - Theory, News & General
Topic: beginning of end of tech outperformance - linkedin to layoff 6%
Replies: 53
Views: 4738

Re: beginning of end of tech outperformance - linkedin to layoff 6%

Tech layoffs have been going on since Mar 2020.

Don't underestimate the power of corporations to squeeze value out of a disaster.
by AlphaLess
Wed Jul 08, 2020 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 149
Views: 18102

Re: Landlords: How are you doing this year?

Beensabu wrote: Wed Jul 08, 2020 9:48 pm
av111 wrote: Thu Jul 02, 2020 9:43 pm Anyone know? Have they lifted the eviction ban in California
No. Extended to July 28th. No doom till August.
But you would expect the doom to come before, right?

As long as there is no eviction, there will be non-payment by some.
by AlphaLess
Wed Jul 08, 2020 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 149
Views: 18102

Re: Landlords: How are you doing this year?

Business as usual (mix of multi-family and SFH). Offered rent deferral in April to tenants who lost jobs or were otherwise suffering financial hardship. It was an honor system (i.e. we didn't require proof). Not a single person took us up on it. This is very nice both ways: that you offered, and th...
by AlphaLess
Wed Jul 08, 2020 10:34 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Mega Cap Growth ETF (MGK) tilt
Replies: 11
Views: 1124

Re: Vanguard Mega Cap Growth ETF (MGK) tilt

42% of the ETF is in just 5 stocks: - MSFT - AAPL - AMZN - GOOG (+L) - FB That's pretty concentrated, but nothing in comparison to 43% of Berkshire Hathaway being composed of Apple. https://www.marketwatch.com/story/diversify-almost-half-of-warren-buffetts-berkshire-hathaway-portfolio-is-comprised-...
by AlphaLess
Wed Jul 08, 2020 10:28 pm
Forum: Investing - Theory, News & General
Topic: TSP fees shocker
Replies: 12
Views: 1772

Re: TSP fees shocker

Honestly, I was shocked and didn’t know when they increased so much. Compared to Vanguard, Schwab or Fidelity – the TSP fees are 10x more. That would be shocking indeed. But your math is off ... by a factor of 10. 42 cents on $1000 is 0.042%, about the same as low-cost index funds from Vanguard and...
by AlphaLess
Wed Jul 08, 2020 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7559
Views: 518922

Re: Refinance Mega Thread

Anyone know of good ARM Refi rates for condos? I have a 2.75% 5-1 ARM, with about 2.5 years remaining. I like ARMs, because they are lower interest rate. Last time I got the ARM refi, I paid zero (all the fees were included in the rate). Have excellent credit, around 60-65% LTV, and loan value shoul...
by AlphaLess
Tue Jul 07, 2020 11:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Mega Cap Growth ETF (MGK) tilt
Replies: 11
Views: 1124

Re: Vanguard Mega Cap Growth ETF (MGK) tilt

42% of the ETF is in just 5 stocks: - MSFT - AAPL - AMZN - GOOG (+L) - FB QQQ has 45.5% in those same 5 stocks. So, around 40-some % of MGK and QQQ are identical. While the rest is NOT identical, there is probably overlaps. So mega-cap growth is kind of similar to QQQ. I would think that MGK is a bi...
by AlphaLess
Tue Jul 07, 2020 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with all this MONEY ?
Replies: 201
Views: 21217

Re: What to do with all this MONEY ?

Congrats! Sounds like your limiting factor is not money, LBYM, or anything having to do with finances. Rather, you need to instill some financial discipline in your kids. Given that they are grown, this would be hard to do. But you can still try. Another limiting factor is lifespan. I would seriousl...
by AlphaLess
Thu May 28, 2020 12:43 pm
Forum: Personal Consumer Issues
Topic: NJ property taxes too high. What are my alternative states?
Replies: 97
Views: 8042

Re: NJ property taxes too high. What are my alternative states?

ponyboy wrote: Thu May 28, 2020 9:23 am $8k is cheap for NJ. Im in east bumble PA where most people are poor, 2,000 sq ft home is around $6500 between property tax and school tax. I dont know how people here afford it. We're fortunate to have good jobs where it isnt an issue for us.
+5
by AlphaLess
Thu May 28, 2020 12:42 pm
Forum: Personal Consumer Issues
Topic: NJ property taxes too high. What are my alternative states?
Replies: 97
Views: 8042

Re: NJ property taxes too high. What are my alternative states?

There are three ways to gauge property taxes: 1. Absolute dollars, 2. Relative to your property price, 3. Relative to your property characteristics. 1. is a poor way to measure. Why? Because you can always sleep under the bridge, and your property taxes will be zero 2. is better. But may not show th...
by AlphaLess
Sun May 24, 2020 9:56 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 124
Views: 10970

Re: Personal spending out of control after Covid-19

I think some self-discipline and regimentation is in order.

1. come up with a daily plan of things to do,
2. execute on those,
3. rinse and repeat.
by AlphaLess
Mon May 18, 2020 9:47 am
Forum: Personal Finance (Not Investing)
Topic: How to respond to poor life decision affecting job
Replies: 32
Views: 4637

Re: How to respond to poor life decision affecting job

#1. Collect the paper evidence. Too late after the fact, #2. Sue the bxxtards. Whenever there is a dispute between labor and big business, I think labor should always push. Push hard. Push always. You are doing a favor to yourself, and a favor to the next person. Based on decisions I have made, and ...
by AlphaLess
Sun May 17, 2020 9:18 am
Forum: Personal Consumer Issues
Topic: Must carry more than one credit card
Replies: 53
Views: 3663

Re: Must carry more than one credit card

I have probably 20 active credit cards from a variety of banks, and carry at least 3-4 with me. Credit cards are like t-shirts. The more you have them, the better. Of course, you need to first make sure that you have spending control. Some people with 20+ credit cards have all them maxed. I probably...
by AlphaLess
Sun May 17, 2020 12:31 am
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 310
Views: 17875

Re: Paul Tudor: Compelling case for bitcoin ?

Again you are underestimating the value of secure networked decentralized computing power. It’s like only valuing Amazon for their prime delivery services and overlooking AWS completely. Bitcoin and other crypto-currencies are insecure. https://en.wikipedia.org/wiki/Mt._Gox https://www.coindesk.com...
by AlphaLess
Sun May 17, 2020 12:13 am
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 310
Views: 17875

Re: Paul Tudor: Compelling case for bitcoin ?

I know nothing about this. Do you guess in the lifetime of those reading this forum or beyond? I bet there are many other risks for bitcoin going to 0. There is also a chance it will be worth much more years from now. No one knows. I fully expect this to be in my lifetime. Mathematics and physics w...
by AlphaLess
Sun May 17, 2020 12:10 am
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 310
Views: 17875

Re: Paul Tudor: Compelling case for bitcoin ?

So what is the argument for fake-coins? That it is rare? That it is limited? That it is valuable? I don't get it. If you are looking for something limited, then find a dog, and collect its poop. Certainly, a particular dog is able to produce limited amount of poop in its lifetime. And that dog's po...
by AlphaLess
Sat May 16, 2020 11:39 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 310
Views: 17875

Re: Paul Tudor: Compelling case for bitcoin ?

Given a massive cottage industry of unskilled hedge fund managers, one of the ways of survivals is to migrate to new asset classes. This is driven by 2 forces: (1) the illusion that one can find alpha in these asset classes, (2) to ride the marketing effect behind these new asset classes (the amount...
by AlphaLess
Sat May 16, 2020 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Rent is increased by 6%, negotiation tips?
Replies: 62
Views: 5950

Re: Rent is increased by 6%, negotiation tips?

I suspect that the 6% increase is a “COVID19” tax equivalent. Other renters may be defaulting or declining outright to pay rent with governmental/local municipalities “validation” . If this is indeed the case, then the OP should be able to negotiate a SUBSTANTIAL decrease in rent. Given a choice be...
by AlphaLess
Sat May 16, 2020 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Rent is increased by 6%, negotiation tips?
Replies: 62
Views: 5950

Re: Rent is increased by 6%, negotiation tips?

Considering that some people are not paying rent now, the landlord may be trying to reduce the shortfall by charging you more. Victoria Golden! While I would not pay games with ones credit, you can basically negotiate a rent REDUCTION based on assurances that you will pay. Given the giant, lengthy,...
by AlphaLess
Sat May 16, 2020 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Rent is increased by 6%, negotiation tips?
Replies: 62
Views: 5950

Re: Rent is increased by 6%, negotiation tips?

Our lease is ending in July and today the leasing office sent me the proposed renewal rate, which increases the rent by 6%. We could probably find a similar place nearby that is ~$200 cheaper. I'm debating whether it's worth it for a few reasons: - Moving costs. - COVID is still quite active out th...
by AlphaLess
Sat May 16, 2020 8:07 pm
Forum: Personal Consumer Issues
Topic: How to get disinfecting wipes..seriously
Replies: 87
Views: 6795

Re: How to get disinfecting wipes..seriously

Now, can someone tell me where I can get hand sanitizer? It's only to have with me for when I don't have access to soap and water, so I'd even be happy with a travel size. I saw 60 oz (yes, six-oh) bottles of hand sanitizer on sale at Walmart Online yesterday, for same-day pickup at the location ne...
by AlphaLess
Sat May 16, 2020 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Small businesses stopping employees from getting Pandemic payments?
Replies: 54
Views: 3504

Re: Small businesses stopping employees from getting Pandemic payments?

See, at the end of the day, there are only two types of people: those who minimize the perceived risk (e.g., actual risk is 5%, but they think it is much much lower), and those who slightly exaggerate (e.g., actual risk is 5%, but you live your life like it is 6-7%). Your wording interests me: Why ...
by AlphaLess
Sat May 16, 2020 7:58 pm
Forum: Personal Consumer Issues
Topic: How to get disinfecting wipes..seriously
Replies: 87
Views: 6795

Re: How to get disinfecting wipes..seriously

We have several friends, neighbors, and acquaintances who probably never used Clorox wipes. Now, all of them are looking for clorox wipes. I suspect that the increased demand and stocking up is causing this. We usually have the Costco 5pack, 85 wipes each, and it lasts us 6 months or a bit longer. W...
by AlphaLess
Sat May 16, 2020 7:54 pm
Forum: Personal Consumer Issues
Topic: How to get disinfecting wipes..seriously
Replies: 87
Views: 6795

Re: How to get disinfecting wipes..seriously

Disinfecting wipes are disinfecting because they have Alkyl. https://smartlabel.labelinsight.com/product/6075824/ingredients If you are willing to forgo the wipe part, you can find plenty of cleaners with Alkyl: clorox, 409, lysol, and other brands. Simply use a 3M microfiber cloth, or a paper towel...
by AlphaLess
Sat May 16, 2020 7:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Mutual Fund Platform EOL
Replies: 245
Views: 9011

Re: Vanguard Mutual Fund Platform EOL

Thanks for sharing. I’m glad they are finally putting a stake in the ground. Having to continue to support both platforms is too costly. Some may not like it, but “oh well”. Cheers Considering that the old platform subsidized and paid for the building of the new platform, I don't see the point of t...
by AlphaLess
Sat May 16, 2020 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Small businesses stopping employees from getting Pandemic payments?
Replies: 54
Views: 3504

Re: Small businesses stopping employees from getting Pandemic payments?

10,000 workers are all that have been infected? The US has 18,000,000 healthcare workers according to NIOSH 0.06% were infected in "High risk" (if not the highest risk) occupation? Not too bad at all. In fact I'd say that is remarkable mitigation. Again, another disingenuous and false equivalence. ...
by AlphaLess
Sat May 16, 2020 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Small businesses stopping employees from getting Pandemic payments?
Replies: 54
Views: 3504

Re: Small businesses stopping employees from getting Pandemic payments?

A few comments: - comparing working a customer-facing job in retail job to taking a shower is just disingenuous. Even if the chance of death was the same, why increase it? Let's say chance of death from shower for a 60 year old is 2%. There are 20 other things that have the same chance of death, an...
by AlphaLess
Sat May 16, 2020 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Small businesses stopping employees from getting Pandemic payments?
Replies: 54
Views: 3504

Re: Small businesses stopping employees from getting Pandemic payments?

10,000 workers are all that have been infected? The US has 18,000,000 healthcare workers according to NIOSH 0.06% were infected in "High risk" (if not the highest risk) occupation? Not too bad at all. In fact I'd say that is remarkable mitigation. Again, another disingenuous and false equivalence. ...
by AlphaLess
Sat May 16, 2020 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Small businesses stopping employees from getting Pandemic payments?
Replies: 54
Views: 3504

Re: Small businesses stopping employees from getting Pandemic payments?

Let’s not mistake the facts. 87000 thousand people have died from corona virus in the US. I’m not sure what you mean to imply by saying “attributed” I think it is a mistake to think that death is the only danger from COVID. Long-recovery times (8-16 weeks), reduced lung capacity, permanent damage t...
by AlphaLess
Sat May 16, 2020 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Small businesses stopping employees from getting Pandemic payments?
Replies: 54
Views: 3504

Re: Small businesses stopping employees from getting Pandemic payments?

Cpan, I’m sorry for the current situation of your relative. It’s sad we live in a “developed” society and yet people have to choose between health and financial stability. The bogleheads forum self selects primarily affluent folks, who may or may not understand the tribulations of the people in thi...
by AlphaLess
Sat May 16, 2020 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Small businesses stopping employees from getting Pandemic payments?
Replies: 54
Views: 3504

Re: Small businesses stopping employees from getting Pandemic payments?

I am having difficulty understanding the scenario. Doesn't layoff mean separation of employment?

And if so, doesn't going back require filling out an application, going through an interview, and then getting a job?

Absent that, how can the old employer pay the now separated employee?
by AlphaLess
Sat May 16, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Income about to be halved - what do we do?
Replies: 62
Views: 7934

Re: Income about to be halved - what do we do?

OP, can you report the following from your 2019 taxes (if filed), or 2018 taxes (if income was close enough to 2019):
- AGI,
- total tax paid on Federal,
- SS and medicare paid (probably from W2s),
- state and locate INCOME taxes paid.
by AlphaLess
Sat May 16, 2020 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Income about to be halved - what do we do?
Replies: 62
Views: 7934

Re: Income about to be halved - what do we do?

Something does not add up. 8.8K * 12 = 105K. You make 350K. Assume 100K goes to taxes. That leaves 250K. Assume you make 300K, and pay 80K in taxes. Tat leaves 220K. Either you have expenses that you are not accounting for (A LOT), or you are saving a lot, like 100-150K a year, which would be good....
by AlphaLess
Sat May 16, 2020 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Income about to be halved - what do we do?
Replies: 62
Views: 7934

Re: Income about to be halved - what do we do?

Something does not add up. 8.8K * 12 = 105K. You make 350K. Assume 100K goes to taxes. That leaves 250K. Assume you make 300K, and pay 80K in taxes. Tat leaves 220K. Either you have expenses that you are not accounting for (A LOT), or you are saving a lot, like 100-150K a year, which would be good....
by AlphaLess
Sat May 16, 2020 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Income about to be halved - what do we do?
Replies: 62
Views: 7934

Re: Income about to be halved - what do we do?

BTW: the *BEST* way to track expenses for us has been to pay all your bills out of a single bank account. Every month, I do the following: - account for every dollar in, and every dollar out, - some months we have 100-200K going in and out (e.g., transfers from savings to Vanguard, etc), - take tota...
by AlphaLess
Sat May 16, 2020 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Income about to be halved - what do we do?
Replies: 62
Views: 7934

Re: Income about to be halved - what do we do?

Something does not add up. 8.8K * 12 = 105K. You make 350K. Assume 100K goes to taxes. That leaves 250K. Assume you make 300K, and pay 80K in taxes. Tat leaves 220K. Either you have expenses that you are not accounting for (A LOT), or you are saving a lot, like 100-150K a year, which would be good. ...
by AlphaLess
Fri May 15, 2020 12:57 am
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 7302

Re: Has Your Spending Changed Since The Shutdown?

Our credit card bills are down a lot. But not sure if this is COVID caused, or we would have a lull in our travel / entertainment anyway. We probably spend $1-2K a month just for eating out and similar stuff, and obviously, that is down. We are buying way more groceries, and these days, not going af...
by AlphaLess
Fri May 15, 2020 12:54 am
Forum: Investing - Theory, News & General
Topic: Healthcare post COVID-19
Replies: 66
Views: 6605

Re: Healthcare post COVID-19

It has changed, in three ways. 2) .... (Coupled with many people who will no longer have insurance after losing their jobs) I think that job-based health insurance will not be the major game in town in the not-too-distant future. It will still be a player, but many in the public will push for other...
by AlphaLess
Fri May 15, 2020 12:44 am
Forum: Investing - Theory, News & General
Topic: Healthcare post COVID-19
Replies: 66
Views: 6605

Re: Healthcare post COVID-19

EM will pick back up (slowly). my thoughts-> - states loosening restrictions equals more trauma, etoh related injuries (+ DTs, withdrawals from copious amounts of etoh consumed during "lockdown") - political suicide to repeal EMTALA - with increase in tele-health -> PCPs will still refer to ER once...
by AlphaLess
Fri May 15, 2020 12:41 am
Forum: Investing - Theory, News & General
Topic: Healthcare post COVID-19
Replies: 66
Views: 6605

Re: Healthcare post COVID-19

With the utilization of healthcare significantly diminished in the past 6 weeks I wonder if the healthcare industry has fundamentally changed? Emergency Medicine census in our midwest state has decreased ~30 to 40%. Will it rebound? I never thought during a pandemic my industry would be threatened ...
by AlphaLess
Thu May 14, 2020 11:17 pm
Forum: Personal Consumer Issues
Topic: What to do with canned chicken?
Replies: 45
Views: 3471

Re: What to do with canned chicken?

I have a relative who panicked when Covid-19 hit and started buying up cases of Kirkland canned chicken at Costco. She's now wondering what to do with all that canned chicken other than mixing it with mayo and eating it as a sandwich. She said she's going to donate some to her local food pantry, bu...
by AlphaLess
Thu May 07, 2020 12:40 am
Forum: Investing - Theory, News & General
Topic: When to sell low? Buffett sells entire airline stake
Replies: 81
Views: 11904

Re: When to sell low? Buffett sells entire airline stake

This is fair play even within Buffet's own rules. He's more than happy to own a business he THINKS he understands through the ups and downs of the market. He's unwilling to hold, at all, a business he doesn't feel he understands well. One can be forgiven for no longer understanding the travel indus...
by AlphaLess
Sun May 03, 2020 10:36 pm
Forum: Investing - Theory, News & General
Topic: When to sell low? Buffett sells entire airline stake
Replies: 81
Views: 11904

Re: When to sell low? Buffett sells entire airline stake

This is fair play even within Buffet's own rules. He's more than happy to own a business he THINKS he understands through the ups and downs of the market. He's unwilling to hold, at all, a business he doesn't feel he understands well. One can be forgiven for no longer understanding the travel indus...
by AlphaLess
Sun May 03, 2020 10:30 pm
Forum: Investing - Theory, News & General
Topic: When to sell low? Buffett sells entire airline stake
Replies: 81
Views: 11904

Re: When to sell low? Buffett sells entire airline stake

If I had one holdout I would have perhaps held on to Southwest (Southwestern). Like its European copycat Ryanair that is an amazing business. Careful what you buy. LUV is more dependent on business travel than ever before and the super cheap fare deals are fewer and further between, at least pre-‘R...
by AlphaLess
Sun May 03, 2020 10:29 pm
Forum: Investing - Theory, News & General
Topic: When to sell low? Buffett sells entire airline stake
Replies: 81
Views: 11904

Re: When to sell low? Buffett sells entire airline stake

Meet the great market timer, Warren Edward Buffet.
by AlphaLess
Sat May 02, 2020 8:06 pm
Forum: Investing - Theory, News & General
Topic: [Berkshire Hathaway Annual Shareholder meeting]
Replies: 52
Views: 4512

Re: Berkshire Hathaway Annual Shareholder meeting

segfault wrote: Sat May 02, 2020 5:46 pm
New Providence wrote: Sat May 02, 2020 4:26 pm Any comments about Buffett's speech so far?
"I did poorly in Biology, I don't know anything about the coronavirus..." [talks about coronavirus for 15 minutes]
Humans have biases, and even Buffet is a human.
by AlphaLess
Fri May 01, 2020 10:49 am
Forum: Non-US Investing
Topic: Ways to minimize bank bankruptcy exposure?
Replies: 24
Views: 2267

Re: Ways to minimize bank run exposure?

Regarding bank runs. We are always afraid of them. But we are MORE afraid of "express kidnappings". How do we deal with both? We begin each year with 5% of port in CASH. We then wire transfer all but $100 to a bank account in Panama that my wife and I opened up in the early 1980s (due to fear of th...
by AlphaLess
Fri May 01, 2020 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Car Dealers not really wanting to make a deal
Replies: 245
Views: 36404

Re: Car Dealers not really wanting to make a deal

SUVs Get Parked in the Sea, Revealing Scope of U.S. Auto Market Glut

https://www.bloomberg.com/news/articles ... s-car-glut

Quote:
"A shipper says packed lots are unlike anything he’s ever seen"
by AlphaLess
Wed Apr 29, 2020 12:03 pm
Forum: Non-US Investing
Topic: Ways to minimize bank bankruptcy exposure?
Replies: 24
Views: 2267

Re: Ways to minimize bank run exposure?

Hi guys, Assuming a person plans to put 1M USD into savings, how does he allocate it efficiently to prevent bank runs? Should he go for the max amount each government is insuring? FDIC is 250K USD so does he open four accounts accounts with 250K each? That sounds feasible with 1M USD, but what if i...