Search found 1311 matches

by ohai
Wed Dec 18, 2019 12:10 pm
Forum: Personal Consumer Issues
Topic: What to expect buying a new 2020 "build your own" BMW
Replies: 40
Views: 3106

Re: What to expect buying a new 2020 "build your own" BMW

And: you know that the 4 series is about to get a redesign, right? https://www.caranddriver.com/news/a28749210/bmw-4-series-coupe-future-2021/ Right, so he needs to buy NOW. Or else THIS will happen: https://s3-prod.autoweek.com/styles/width_792/s3/spy-1.jpg Jesus. I saw the camo pictures where it ...
by ohai
Wed Dec 18, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Is any one uncomfortable with their wealth?
Replies: 152
Views: 12350

Re: Is any one uncomfortable with their wealth?

What kind of people go to Christmas parties and brag about making money in stocks and how rich they are? Something seems weird anyway. If those guys were rich this whole time, they probably wouldn't feel the need to brag about it. I wouldn't take those opinions too seriously.
by ohai
Tue Dec 17, 2019 11:39 pm
Forum: Personal Consumer Issues
Topic: What to expect buying a new 2020 "build your own" BMW
Replies: 40
Views: 3106

Re: What to expect buying a new 2020 "build your own" BMW

This is possibly the worst forum to ask people about buying custom new BMWs.
by ohai
Tue Dec 17, 2019 1:02 pm
Forum: Personal Consumer Issues
Topic: 2019 VW GTI or Hyundai Elantra GT N?
Replies: 43
Views: 1897

Re: 2019 VW GTI or Hyundai Elantra GT N?

I think is a personal subjective choice. The performance difference will have no practical effect on your driving. You should just drive each car and ask which one do you feel good in. Hyundai is probably more reliable, but it probably won't matter much for a new car.
by ohai
Tue Dec 17, 2019 1:08 am
Forum: Personal Investments
Topic: New to everything!
Replies: 7
Views: 755

Re: New to everything!

I don't think OP will retire in 15 years, since most people who meet their early retirement goals seem to decide that they could use a bit more money and working is usually not that bad. For now, I think it is not a bad goal to just pretend you are heading towards that goal. You'll have more options...
by ohai
Tue Dec 17, 2019 1:00 am
Forum: Personal Investments
Topic: What is the lowest dividend yield ETF?
Replies: 40
Views: 2696

Re: What is the lowest dividend yield ETF?

Well... UPRO only has 0.45% or something like that in dividend yield...
by ohai
Sun Dec 15, 2019 12:49 pm
Forum: Personal Consumer Issues
Topic: Opinions - used 2005 Toyota Corolla with only 87,000 miles?
Replies: 43
Views: 2861

Re: Opinions - used 2005 Toyota Corolla with only 87,000 miles?

I don't know about this old beat up Corolla. You can get a substantially better car by paying $3k to $10k extra. Are you going to miss that money from your net worth? You will notice the difference in the better vehicle though. I agree that most people spend too much on cars. However, money is not ...
by ohai
Sat Dec 14, 2019 10:36 pm
Forum: Investing - Theory, News & General
Topic: Retiring at 24 - Extreme FIRE is it possible?
Replies: 158
Views: 13736

Re: Retiring at 24 - Extreme FIRE is it possible?

I'm not saying that money guarantees better education and advantages, but it sure helps. If you had a choice to make $100k more, and that money could go to quantifiable better education for your kids - let's say a school with more teachers/student, better sports facilities, science, all kinds of act...
by ohai
Sat Dec 14, 2019 10:25 pm
Forum: Personal Consumer Issues
Topic: Opinions - used 2005 Toyota Corolla with only 87,000 miles?
Replies: 43
Views: 2861

Re: Opinions - used 2005 Toyota Corolla with only 87,000 miles?

I don't know about this old beat up Corolla. You can get a substantially better car by paying $3k to $10k extra. Are you going to miss that money from your net worth? You will notice the difference in the better vehicle though. I agree that most people spend too much on cars. However, money is not u...
by ohai
Sat Dec 14, 2019 10:59 am
Forum: Investing - Theory, News & General
Topic: Retail investors are re-balancing - NOT bailing on stocks
Replies: 18
Views: 1979

Re: Retail investors are re-balancing - NOT bailing on stocks

I don't understand what this is supposed to say. If all equity fund owners gain 10% because the stock market appreciates, they are supposed to sell that 10% to make the amount of assets in equity funds the same as before? Well if we assume the average investor was 60/40 and they gained 10%, they ar...
by ohai
Sat Dec 14, 2019 2:02 am
Forum: Personal Consumer Issues
Topic: Places to Go Out When You Don't Want to Spend Much or Any Money
Replies: 129
Views: 11327

Re: Places to Go Out When You Don't Want to Spend Much or Any Money

I'd probably go to the SPCA and volunteer to play with all the animals. They actually want people to do that.
by ohai
Fri Dec 13, 2019 5:30 pm
Forum: Investing - Theory, News & General
Topic: Retiring at 24 - Extreme FIRE is it possible?
Replies: 158
Views: 13736

Re: Retiring at 24 - Extreme FIRE is it possible?

A huge number of folks commute to NY City for their jobs and therefore the schools their kids attend are not City schools. I am not arguing with that. However, I don't see how this has much bearing on the argument that rich people put effort to earn more largely because they want to spend resources...
by ohai
Fri Dec 13, 2019 3:55 pm
Forum: Investing - Theory, News & General
Topic: Retiring at 24 - Extreme FIRE is it possible?
Replies: 158
Views: 13736

Re: Retiring at 24 - Extreme FIRE is it possible?

BH forum seems to have definite antipathy towards the FIRE crowd in general. BH don't like FIRE individual who assume $30K as annual expenses and BH don't like $350K as annual expense either. They both are equally maligned. Seems pretty ironic to me. $350k is actually what people make in those plac...
by ohai
Fri Dec 13, 2019 2:53 pm
Forum: Investing - Theory, News & General
Topic: Retiring at 24 - Extreme FIRE is it possible?
Replies: 158
Views: 13736

Re: Retiring at 24 - Extreme FIRE is it possible?

BH forum seems to have definite antipathy towards the FIRE crowd in general. BH don't like FIRE individual who assume $30K as annual expenses and BH don't like $350K as annual expense either. They both are equally maligned. Seems pretty ironic to me. $350k is actually what people make in those plac...
by ohai
Fri Dec 13, 2019 1:35 pm
Forum: Personal Investments
Topic: WWYD? - advice needed. 41 yr old in VHCOL, FIRE? thinking of leaving high stress job.
Replies: 54
Views: 4397

Re: WWYD? - advice needed. 41 yr old in VHCOL, FIRE? thinking of leaving high stress job.

Quitting your job does not mean not working forever. Why don't you just resign, hang out for a year, and then slowly re-engage with the work force? FWIW, wife is a lawyer in my household. We are younger than you, but I repeatedly tell her she should just quit, as the lifestyle/pay is in my view, not...
by ohai
Fri Dec 13, 2019 11:55 am
Forum: Investing - Theory, News & General
Topic: Retiring at 24 - Extreme FIRE is it possible?
Replies: 158
Views: 13736

Re: Retiring at 24 - Extreme FIRE is it possible?

$350k itself is actually not unreasonable if you live in some place like San Francisco or New York City. Let's say you get $250k after Federal and local taxes. Your rent is $5k to $7k a month, kids in school for $40k a year each - it adds up. I don't think Sam is being really honest about why he is...
by ohai
Fri Dec 13, 2019 11:44 am
Forum: Investing - Theory, News & General
Topic: Retiring at 24 - Extreme FIRE is it possible?
Replies: 158
Views: 13736

Re: Retiring at 24 - Extreme FIRE is it possible?

BH forum seems to have definite antipathy towards the FIRE crowd in general. BH don't like FIRE individual who assume $30K as annual expenses and BH don't like $350K as annual expense either. They both are equally maligned. Seems pretty ironic to me. $350k is actually what people make in those plac...
by ohai
Fri Dec 13, 2019 1:56 am
Forum: Investing - Theory, News & General
Topic: Active Nontransparent ETFs - SEC Approves 4 Firms - Will Vanguard jump in?
Replies: 21
Views: 1308

Re: Active Nontransparent ETFs - SEC Approves 4 Firms - Will Vanguard jump in?

This is a nightmare from a market makers perspective. The fully transparent, decomposable ETFs have many nice features. In particular, as derivative, trackable instruments, they can be implemented, created-redeemed, tracked, hedged, etc. I think Vanguard, etc, are going toward a model such that Van...
by ohai
Fri Dec 13, 2019 12:41 am
Forum: Investing - Theory, News & General
Topic: Retiring at 24 - Extreme FIRE is it possible?
Replies: 158
Views: 13736

Re: Retiring at 24 - Extreme FIRE is it possible?

Great point. I just shake my head at some of the folks who live in VHCOL areas claim that they need to spend $150k-$200k or more to live a decent lifestyle. Sam Dogen claims that he needs about $350k to "live comfortably" in San Francisco and seemingly refuses to live elsewhere for reasons that I c...
by ohai
Fri Dec 13, 2019 12:04 am
Forum: Investing - Theory, News & General
Topic: Retail investors are re-balancing - NOT bailing on stocks
Replies: 18
Views: 1979

Re: Retail investors are re-balancing - NOT bailing on stocks

I don't understand what this is supposed to say. If all equity fund owners gain 10% because the stock market appreciates, they are supposed to sell that 10% to make the amount of assets in equity funds the same as before?
by ohai
Thu Dec 12, 2019 1:54 pm
Forum: Investing - Theory, News & General
Topic: Aramco IPO index fund impact
Replies: 12
Views: 1134

Re: Aramco IPO index fund impact

One more reason to be glad I don't hold international funds. I don't want anything to do with something that further enriches the Saudi ruling class. Or the Russian Oligarchs, or a whole lot of major owners of other foreign companies run by people whose ethical outlook is, to me, indefensible. Does...
by ohai
Thu Dec 12, 2019 12:52 pm
Forum: Investing - Theory, News & General
Topic: Leveraged Equity - “Bull Markets Die on Euphoria”
Replies: 35
Views: 2248

Re: Leveraged Equity - “Bull Markets Die on Euphoria”

Maybe it is also worth mentioning the high level of share buy backs over the past years. If companies had been using that money to pay dividends instead, would the current pessimists view the market differently?
by ohai
Thu Dec 12, 2019 1:35 am
Forum: Personal Consumer Issues
Topic: Sell current home, down size and purchase a vacation condo?
Replies: 34
Views: 2991

Re: Sell current home, down size and purchase a vacation condo?

I don't see how this will really improve your life overall. Instead of living in a double size house all year (with a few months of bad weather), you will live for 100% of the time in one of two half sized houses. Furnishing both houses will add cost and travel time will become a chore over the year...
by ohai
Thu Dec 12, 2019 1:27 am
Forum: Investing - Theory, News & General
Topic: Physical Silver VS SLV
Replies: 40
Views: 3302

Re: Physical Silver VS SLV

SLV is a trust whose price is supposed to reflect the value of its silver reserves; so it sounds like the asset management company is operationally the similar. The main difference seems to be that SLV is traded on an exchange. SLV charges you 0.5% a year, which seems high, but I am guessing it's st...
by ohai
Wed Dec 11, 2019 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Follow Up: Husband's Surprise Debts
Replies: 371
Views: 39391

Re: Follow Up: Husband's Surprise Debts

There is so much good information/suggestions on this thread that I don't really think I can add to it. I do, however, have a question, and I apologize if someone else asked this and I missed it - have you shown your husband this thread? If not, maybe you should. Oh, I guess I may have had a sugges...
by ohai
Wed Dec 11, 2019 5:01 pm
Forum: Investing - Theory, News & General
Topic: Retiring at 24 - Extreme FIRE is it possible?
Replies: 158
Views: 13736

Re: Retiring at 24 - Extreme FIRE is it possible?

Cock! I saw a woman on TV once who refused to teach her children the word ‘cockpit’. But on topic, the ‘retired’ being used here is ‘no longer having to work for someone else or for the money’. "But on topic, the ‘retired’ being used here is ‘no longer having to work for someone else or for the mon...
by ohai
Wed Dec 11, 2019 4:54 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 355
Views: 23754

Re: another too clever scam

Yeah, I really doubt that Google gave him any kind of scam website as a top search - ad driven or not. Either he got his computer hijacked, or he went down some rabbit hole of sketchy upon sketchy websites that were far from Google. I was in the bank the other day waiting to send a wire. Older gent...
by ohai
Wed Dec 11, 2019 4:08 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 355
Views: 23754

Re: another too clever scam

So I heard another scam from a friend, let's call him A - who fell victim to the scam. Here is A's story. A had some issues with an Apple product so he googled for Apple's customer service number and made a call. For some unknown reason, the first on the search result for his search is a fraudulent...
by ohai
Wed Dec 11, 2019 2:24 pm
Forum: Investing - Theory, News & General
Topic: Passive Indexing bubble
Replies: 31
Views: 3610

Re: Passive Indexing bubble

I don't know if there needs to be a "bubble" for indexing the entire market. Those guys who buy index funds would have bought stocks anyway. So, the overall capital in the market is not an issue. You'd then ask if people are not distinguishing between different stocks enough to create price discover...
by ohai
Wed Dec 11, 2019 11:13 am
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 355
Views: 23754

Re: another too clever scam

I'd complain to Schwab, and then that guy's boss, write the CEO, and then send the story to tabloids.

I'm also confused on why Schwab wouldn't recommend to cancel the debit card and send him a new one overnight. Almost any other bank would have done this.
by ohai
Wed Dec 11, 2019 10:37 am
Forum: Personal Investments
Topic: Selling Appreciated Positions After Short Term Cap Loss
Replies: 3
Views: 176

Re: Selling Appreciated Positions After Short Term Cap Loss

Yes, if you realize $10k in losses, you can deduct your $1k of gains in other stocks, and then deduct $3k against your income. The short term and long term gains/losses first net together by the same type. After that, they can go against each other.
by ohai
Tue Dec 10, 2019 4:38 pm
Forum: Investing - Theory, News & General
Topic: Why to not buy a tech fund?
Replies: 107
Views: 6664

Re: Why to not buy a tech fund?

"Tech" stocks have a strong association with growth and high beta. So, an investor could just buy tech funds to reflect a bullish view. It might not be the most efficient return per unit of risk, but neither is most leverage or many other common ways to gain market access.
by ohai
Tue Dec 10, 2019 4:19 pm
Forum: Investing - Theory, News & General
Topic: A surge in the market next year?
Replies: 37
Views: 2302

Re: A surge in the market next year?

What is a surge? Like 10%? Stocks might go up that much regardless of this particular policy outcome. Lots of things happen in the world despite politics.
by ohai
Tue Dec 10, 2019 1:17 pm
Forum: Personal Investments
Topic: should I pay off my car?
Replies: 35
Views: 2317

Re: should I pay off my car?

The 120k in savings isn't necessary but I would like to keep it at 100k at least. With the extra should I pay off the car or keep the car loan and pay on my mtg or invest in my portfolio more? Isn't this kind of overkill? When would you need this in cash that you won't be able to retrieve if it was...
by ohai
Tue Dec 10, 2019 12:31 pm
Forum: Personal Investments
Topic: Set it and Forget it?
Replies: 37
Views: 4509

Re: Set it and Forget it?

OP, how much do you need to spend every year from those assets? If you are spending very little, let's say 2%, then you can afford more risk and 60/40 is maybe ok. However, if you are on the threshold and a 15% drop in stock markets will force you to reduce spending, then consider a more conservativ...
by ohai
Tue Dec 10, 2019 11:47 am
Forum: Investing - Theory, News & General
Topic: Commission free ETF and Stock trading at WellsTrade
Replies: 18
Views: 808

Re: Commission free ETF and Stock trading at WellsTrade

I'll have to check that out the next time I need to login to my WellsTrade account which could be weeks. Thanks! (Hmmm, maybe by then they will pay ME to place a trade! :twisted:) Actually, it is not completely crazy. Since some market maker is making half cents to trade your order, it's possible t...
by ohai
Tue Dec 10, 2019 11:12 am
Forum: Personal Consumer Issues
Topic: 70+year Oldies: Anyone buying the C8 Corvette?
Replies: 77
Views: 6178

Re: 70+year Oldies: Anyone buying the C8 Corvette?

I was reading that GM loses money on every Corvette they will sell below $80k. The $60k price is really too good to be true for this kind of car. I doubt dealers are going to stock many without some high margin options.
by ohai
Tue Dec 10, 2019 10:45 am
Forum: Personal Investments
Topic: Pick a stock
Replies: 93
Views: 5167

Re: Pick a stock

JPM - while other banks (example BAC) have been boosting earnings through cost cutting, JPM has been investing in research that will propel their next growth. GOOGL/GOOG - big boys are in charge now. Imagine how the company earnings will be without Larry Page investing in negative value so called "m...
by ohai
Mon Dec 09, 2019 2:07 pm
Forum: Non-US Investing
Topic: Does Indexing works in India?
Replies: 20
Views: 1812

Re: Does Indexing works in India?

Thank you for so many replies. I'll look into IBKR. For now, I'm listing the Index funds with their cost and % market, please tell me which one to choose. 1) Nifty 50 - 0.10% , 68% of the market covered. 2) Nifty 100 - 0.16%, 77% of the market covered. 3) Nifty Next 50 - 0.27% (Very unusual Index f...
by ohai
Mon Dec 09, 2019 2:04 pm
Forum: Personal Investments
Topic: Insuring against/hedging against high inflation. TIPS? TIPS ETF? Other?
Replies: 20
Views: 899

Re: Insuring against/hedging against high inflation. TIPS? TIPS ETF? Other?

What is your current asset allocation? Equities tend to go up too if nominal interest rates increase.
by ohai
Mon Dec 09, 2019 12:03 pm
Forum: Non-US Investing
Topic: Does Indexing works in India?
Replies: 20
Views: 1812

Re: Does Indexing works in India?

Thank you for so many replies. I'll look into IBKR. For now, I'm listing the Index funds with their cost and % market, please tell me which one to choose. 1) Nifty 50 - 0.10% , 68% of the market covered. 2) Nifty 100 - 0.16%, 77% of the market covered. 3) Nifty Next 50 - 0.27% (Very unusual Index f...
by ohai
Sun Dec 08, 2019 7:32 pm
Forum: Investing - Theory, News & General
Topic: Anyone switching to actively managed bonds?
Replies: 8
Views: 665

Re: Anyone switching to actively managed bonds?

I have three actively managed bond funds: NZF, NAN (?) and something else along those lines. Maybe it is worth appreciating also that almost all, if not all bond funds are not really passive - they cannot buy a whole index of bonds, so they use statistical methods to replicate the credit exposure an...
by ohai
Sun Dec 08, 2019 4:09 pm
Forum: Personal Consumer Issues
Topic: Career paths & prospects in field of therapy?
Replies: 20
Views: 1154

Re: Career paths & prospects in field of therapy?

I've seen too many washed out PhDs to ever recommend that someone commit to this education-career path without the explicit goal of being a career academic. In addition to the input of people who have succeeded on the PhD track, you should get the opinions of people who have pursued PhDs, but have b...
by ohai
Sun Dec 08, 2019 4:03 pm
Forum: Personal Investments
Topic: Rebalance
Replies: 3
Views: 291

Re: Rebalance

I'd be more concerned that your current allocation is skewed towards whatever the that one fund chooses as the "large cap value" category.
by ohai
Sat Dec 07, 2019 11:57 pm
Forum: Investing - Theory, News & General
Topic: Vanguard "Structured" Index Funds
Replies: 2
Views: 517

Re: Vanguard "Structured" Index Funds

Sounds like just another unexceptional active mutual fund. What's the purpose? To market some weird approach and collect fees, of course. http://quote.morningstar.com/fund-filing/Prospectus/2011/1/27/t.aspx?t=VSLVX&ft=485BPOS&d=43e6924347f928b6c4058447d7278143 Primary Investment Strategies The Fund ...
by ohai
Sat Dec 07, 2019 11:53 pm
Forum: Investing - Theory, News & General
Topic: Wall Street bets international stocks will top US equities in 2020 after a decade-long slump
Replies: 189
Views: 16621

Re: Wall Street bets international stocks will top US equities in 2020 after a decade-long slump

Mean reversion makes more sense in terms of future returns, not future prices. If US has returned 10% and international has returned 5% (risk adjusted) over the past 10 years, then mean reversion could mean they both return 8% over the next 10 years. Asset price mean return doesn't make sense for mo...
by ohai
Sat Dec 07, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Follow Up: Husband's Surprise Debts
Replies: 371
Views: 39391

Re: Follow Up: Husband's Surprise Debts

bungalow10 wrote: Sat Dec 07, 2019 10:34 am What is stopping your husband from taking out a new credit card or line of credit without your knowledge and doing this again?
It would probably be a good idea to make a free account on Credit Karma that shows when a new such account is opened.
by ohai
Fri Dec 06, 2019 3:56 pm
Forum: Personal Investments
Topic: Should I Fix up a Fixer-Upper or Mutual Funds?
Replies: 19
Views: 1184

Re: Should I Fix up a Fixer-Upper or Mutual Funds?

The fixer upper sounds like a nightmare project, if you ask me. It would be better to sell it to some developer who can renovate efficiently and for whom the house has more value.
by ohai
Fri Dec 06, 2019 2:32 pm
Forum: Investing - Theory, News & General
Topic: Total Stock vs. S&P 500
Replies: 55
Views: 6245

Re: Total Stock vs. S&P 500

Given that the biggest 500 stocks are a majority of the market, and the remaining stocks are, as a basket, over 90% correlated with these top stocks, the returns of these two indexes will be substantially the same over time.
by ohai
Fri Dec 06, 2019 2:06 pm
Forum: Personal Investments
Topic: How much should I save for my first house?
Replies: 20
Views: 1351

Re: How much should I save for my first house?

I think you should put the money in the optimal asset allocation for your age. In my opinion, the right time to buy a house is contingent on your financial situation, not the other way around. The optimal asset allocation depends on your investment horizon. For a retirement portfolio - it's based y...