Search found 1311 matches

by ohai
Fri Jan 10, 2020 3:06 pm
Forum: Investing - Theory, News & General
Topic: How do rolling and margin on futures trading work?
Replies: 8
Views: 487

Re: How do rolling and margin on futures trading work?

3) In your opinion then, is the ~0.9% expense ratio for leveraged ETFs worth it? I'm not religious about it or anything, but let's say you are committed to some kind of equity leverage and you consider 3x leveraged ETFs, the most efficient leveraged ETFs per unit of leverage currently. If we assume...
by ohai
Fri Jan 10, 2020 2:11 pm
Forum: Investing - Theory, News & General
Topic: How do rolling and margin on futures trading work?
Replies: 8
Views: 487

Re: How do rolling and margin on futures trading work?

1) Yes, there is auto roll. If you don't want to use this, then it's not hard to roll futures yourself. https://www.interactivebrokers.com/en/software/tws/usersguidebook/exerciseandrollover/automatic_futures_rollover.htm 2) You probably have to have a bank account in the same company as the futures ...
by ohai
Fri Jan 10, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Timing of annual gift: Jan. vs Dec.
Replies: 10
Views: 1085

Re: Timing of annual gift: Jan. vs Dec.

Earlier is better if you want to maximize the gift amount, since any expected appreciation will not be in the gift, compared to December when the gifted amount will be after appreciation. Let's say investment return is 10% a year. You will be able to give almost 10% more overall, assuming everyone i...
by ohai
Fri Jan 10, 2020 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: House Hunting with Family Pressure
Replies: 42
Views: 3110

Re: House Hunting with Family Pressure

Plus, OP has a reason to live where he wants - schools, commute, etc. If the parents think it's far from where they live, do they have a good reason to not move closer themselves?
by ohai
Fri Jan 10, 2020 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: House Hunting with Family Pressure
Replies: 42
Views: 3110

Re: House Hunting with Family Pressure

I live 15000 miles from my parents, so 40 miles is pretty close. Anyway, it's not up to them. They just need to get used to whatever you decide.
by ohai
Fri Jan 10, 2020 11:47 am
Forum: Personal Consumer Issues
Topic: limo travel to nyc from nj
Replies: 14
Views: 1205

Re: limo travel to nyc from nj

Hi, buddy. Nowadays, Uber is the new "limo service". They have SUV or higher end cars too, if you want that. It is easy to see the cost of the trip to NY before you book it, along with a pretty decent estimate of travel time. If you are not familiar with Uber, I am sure at least someone in your fami...
by ohai
Fri Jan 10, 2020 10:46 am
Forum: Personal Investments
Topic: Am I in a position to upgrade homes?
Replies: 14
Views: 1024

Re: Am I in a position to upgrade homes?

Can you afford it? Sure. Is it a good idea? Don't know. You can afford to buy a Ferrari instead too, but it's going to set back your investments. Is the difference in house quality worth this upgrade? Don't know - I haven't seen the house where you live. Thing is, you have a pretty high income and s...
by ohai
Fri Jan 10, 2020 1:39 am
Forum: Personal Consumer Issues
Topic: Mylife.com Reputation Scores
Replies: 6
Views: 1233

Re: Mylife.com Reputation Scores

When I looked up my friends on this sketchy site, it asked me all sorts of info about them attempting to "verify" it. I am pretty sure they just harvested my answers and added it to their profiles of those guys. The score is probably just some formula of all the (incomplete) info they have on someone.
by ohai
Thu Jan 09, 2020 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Retiring with under $1M
Replies: 44
Views: 6059

Re: Retiring with under $1M

I think a large part of the discussion is how OP will find consistent work to pay for living expenses, as this is going to be more important than asset allocation in the short term.
by ohai
Thu Jan 09, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Piano & college admissions
Replies: 101
Views: 7322

Re: Piano & college admissions

I think many people over emphasis the importance of extracurricular activities when applying to colleges, what students should be focusing on is one the academic work (primarily grades), second they should foucs on something that they have a passion for (ie. chess, sports, music, building robots, p...
by ohai
Wed Jan 08, 2020 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: JPM Chase Reserve Card gets more expensive
Replies: 498
Views: 47825

Re: JPM Chase Reserve Card gets more expensive

Is there some sort of calculator where you can put in yearly airline spending, Uber, etc., and see what the economics look like? I still find this sort of credit card to be opaque and I avoid them for simplification.
by ohai
Wed Jan 08, 2020 5:08 pm
Forum: Investing - Theory, News & General
Topic: 100% total stock index funds until I retire?
Replies: 72
Views: 7775

Re: 100% total stock index funds until I retire?

100% stocks is fine if you are very rich and will leave money behind. If you have a lot of excess wealth, more than you will spend on yourself, then the money is for long term purposes that will outlive you; it actually has a long investment time horizon and you can tolerate a lot of risk. However, ...
by ohai
Wed Jan 08, 2020 3:16 pm
Forum: Personal Investments
Topic: I don't want to save too much.
Replies: 96
Views: 8349

Re: I don't want to save too much.

Even if OP meets his projections, I find that a $200k life is still pretty limited in terms of what you can experience in the world. Most people settle with this because it's still pretty good and it's hard to get much better. However, if OP can achieve a $300k or $500k life later, or freedom to do ...
by ohai
Wed Jan 08, 2020 3:11 pm
Forum: Investing - Theory, News & General
Topic: Advisor laying out a convincing argument for active management?
Replies: 43
Views: 3160

Re: Advisor laying out a convincing argument for active management?

Maybe the advisor is in fact great at picking outperforming managers. Who knows? What would help convince me that picking managers adds value and the results were not random is a logical explanation of why he picked those managers and why they have outperformed. You should also make sure that they p...
by ohai
Wed Jan 08, 2020 2:32 pm
Forum: Personal Investments
Topic: I don't want to save too much.
Replies: 96
Views: 8349

Re: I don't want to save too much.

$5 million only seems like a lot now because you only have $1 million. When you have $5 million, you will want $10 million.
by ohai
Wed Jan 08, 2020 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Job change and possible resulting stress/IBS
Replies: 18
Views: 1529

Re: Job change and possible resulting stress/IBS

I don't think others will be as bothered by it as you are fearing. Also, it's not like they can condemn you later for having a medical condition.
by ohai
Wed Jan 08, 2020 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Living in a HCOL and making a middle class salary is a struggle
Replies: 340
Views: 20947

Re: Living in a HCOL and making a middle class salary is a struggle

That’s crazy. In the Bay Area I pay $22k for a $1.8M house. Property tax is more like a required dollar fee that is used to run local services like schools, road maintenance, town administration, and so on. Therefore, the dollar tax seems like it would be comparable between areas with similar costs...
by ohai
Wed Jan 08, 2020 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Living in a HCOL and making a middle class salary is a struggle
Replies: 340
Views: 20947

Re: Living in a HCOL and making a middle class salary is a struggle

Northern NJ is lovely, not cheap, but not outrageously expensive. We never made more than $120K yearly. We sold a family home approx 2000 sq feet on the NJ Transit direct line to NYC last year for $420K. Walkable diverse small city, great schools, shopping, restaurants, taxes 10K. Many in our neigh...
by ohai
Wed Jan 08, 2020 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Living in a HCOL and making a middle class salary is a struggle
Replies: 340
Views: 20947

Re: Living in a HCOL and making a middle class salary is a struggle

I'm in a somewhat similiar situation. I live in Nassau County south shore. Home is worth 600K. Its a small three bedroom, 2 bath home in an average neighborhood. Problem is I have 3 children and two of them are bunking together. We are growing and dont fit in our home anymore. I dont have a garage ...
by ohai
Wed Jan 08, 2020 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Living in a HCOL and making a middle class salary is a struggle
Replies: 340
Views: 20947

Re: Living in a HCOL and making a middle class salary is a struggle

Northern NJ is lovely, not cheap, but not outrageously expensive. We never made more than $120K yearly. We sold a family home approx 2000 sq feet on the NJ Transit direct line to NYC last year for $420K. Walkable diverse small city, great schools, shopping, restaurants, taxes 10K. Many in our neigh...
by ohai
Tue Jan 07, 2020 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Living in a HCOL and making a middle class salary is a struggle
Replies: 340
Views: 20947

Re: Living in a HCOL and making a middle class salary is a struggle

Teachers in Westchester get $100k salaries with tenure?

Anyway, what is your net worth? I'd expect that you would have saved most if not all of the house cost by now. If not, where is the money going?
by ohai
Tue Jan 07, 2020 5:19 pm
Forum: Personal Consumer Issues
Topic: Irrational Fear of Injury in Small Car?
Replies: 124
Views: 8321

Re: Irrational Fear of Injury in Small Car?

If you are pressed for cash, I wouldn't worry about upgrading your car. Even a car that is 3x as safe means your death rate will go from like 0.01% to 0.003% or something like that. People before 2012 drove less safe cars and everyone with fine with that.
by ohai
Tue Jan 07, 2020 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Opportunity cost of helping out relatives
Replies: 54
Views: 5032

Re: Opportunity cost of helping out relatives

My advice, which is probably the same as everyone who is wealthy relative to family, is NEVER talk to them about money. Don't give them money, don't tell them your salary, and don't talk about anything like you said above. The worst case is there will be potential for people to ask you for money tha...
by ohai
Tue Jan 07, 2020 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Adding Mother-in-law to joint account?
Replies: 23
Views: 1905

Re: Adding Mother-in-law to joint account?

I don't think that asset threshold is unreasonable. It covers HOA, but people have other living costs too.
by ohai
Tue Jan 07, 2020 1:10 pm
Forum: Investing - Theory, News & General
Topic: Can we time the market on housing price?
Replies: 35
Views: 2817

Re: Can we time the market on housing price?

House prices are very sticky - "market timing" is a function of years normally. At that scale, your life stage matters more than house cost. Market timing in houses has probably more to do with your opportunity cost, i.e. other uses of money. Would you have taken $200k from your stock portfolio in D...
by ohai
Tue Jan 07, 2020 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Adding Mother-in-law to joint account?
Replies: 23
Views: 1905

Re: Adding Mother-in-law to joint account?

I like option 3. She waits until she sells her current home, and chooses a new condo she can afford. What's the rush? And option 2 is so fraught with legal peril.... you would effectively be making her a legal gift of 1/2 that account, so you would have to report that and offset it from your estate...
by ohai
Mon Jan 06, 2020 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Piano & college admissions
Replies: 101
Views: 7322

Re: Piano & college admissions

I think many people over emphasis the importance of extracurricular activities when applying to colleges, what students should be focusing on is one the academic work (primarily grades), second they should foucs on something that they have a passion for (ie. chess, sports, music, building robots, p...
by ohai
Mon Jan 06, 2020 5:38 pm
Forum: Personal Consumer Issues
Topic: Just got a rent check dated 1/1/19
Replies: 41
Views: 4171

Re: Just got a rent check dated 1/1/19

roymeo wrote: Mon Jan 06, 2020 5:33 pm I doubt anyone at the bank ever notices the date. Even if it says "1/21/2020", I bet it would deposit today. I've seen that happen.
Nowadays, a computer scans those checks and reads the handwriting though. It should be increasingly less common for this sort of thing to pass through.
by ohai
Mon Jan 06, 2020 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Piano & college admissions
Replies: 101
Views: 7322

Re: Piano & college admissions

Of course piano will help somewhat. If you have 12 years of piano experience, that's obviously better than someone with no such experience. However, it is probably the least efficient instrument in terms of college admissions value per time/effort/talent. So many kids play piano, and some are truly ...
by ohai
Mon Jan 06, 2020 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Millennial Looking for Creative Alternatives for Loan/Mortgage
Replies: 77
Views: 5492

Re: Millennial Looking for Creative Alternatives for Loan/Mortgage

Which part of the bank behavior was "irresponsible"? If you are mad that some (large) banks were not well capitalized during the crisis and posed a systemic risk, then just do business with the ones that were well capitalized (JPM, WFC, GS, etc.), and in fact, "rescued" other institutions. If you ar...
by ohai
Sat Jan 04, 2020 11:48 am
Forum: Personal Investments
Topic: Best single ETF for teaching kids investing?
Replies: 12
Views: 662

Re: Best single ETF for teaching kids investing?

Stock/Bond is the most important asset allocation decision. So, I'd suggest an SPX proxy vs a bond market proxy.

However, at age 13, I think you can argue for more than 100% equity and go straight for UPRO, which has returned more than 2500% return over the past 10 years...
by ohai
Fri Jan 03, 2020 9:58 pm
Forum: Investing - Theory, News & General
Topic: Do Home Prices Really Drop During a Recession, or was 2009 a Fluke?
Replies: 42
Views: 3318

Re: Do Home Prices Really Drop During a Recession, or was 2009 a Fluke?

To answer your question, the data is flawed because most people don't sell houses in a down market. Instead, they wait for people to pay a higher price they want. If houses do not print low prices, price indexes don't show declines. Even the most liquid housing markets, i.e. New York City, have unse...
by ohai
Fri Jan 03, 2020 4:59 pm
Forum: Personal Consumer Issues
Topic: Alternative to stairs?
Replies: 38
Views: 3362

Re: Alternative to stairs?

My wife's grandma fell on her stairs and took like 1 day to die before people found her. Everyone else was on vacation. It really was not good - stairs hazard is real. She probably lost 20 years of her life from this accident. If you do have stairs and are at the age where falling is a major risk, p...
by ohai
Fri Jan 03, 2020 3:40 pm
Forum: Personal Investments
Topic: Close Betterment cash account ?
Replies: 6
Views: 552

Re: Close Betterment cash account ?

I'd probably want to put this cash where I have other financial services, as it's usually easier to move money around that way.
by ohai
Fri Jan 03, 2020 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: I want to sell my home and move into a cheaper home to free up capital for investing. Advice and thoughts welcome.
Replies: 13
Views: 1076

Re: I want to sell my home and move into a cheaper home to free up capital for investing. Advice and thoughts welcome.

If you are looking to monetize your current, larger home, then why not just rent it out, while you buy or rent a smaller place?

Selling it in the market, as mentioned above, will have high explicit transaction cost, in addition to staging cost, your own time and stress, and so on...
by ohai
Fri Jan 03, 2020 1:05 pm
Forum: Personal Consumer Issues
Topic: Cosmetology School vs Traditional College
Replies: 99
Views: 6433

Re: Cosmetology School vs Traditional College

This is my view: If you are affluent enough that college cost won't matter in the long run, just go to college as a safety net. Teenagers have no clue what they want to do for the next 60 years of life. Let's say the gets bored and disillusioned with doing cosmetics (99% chance at some point)... wit...
by ohai
Fri Jan 03, 2020 12:57 pm
Forum: Investing - Theory, News & General
Topic: Why has the economy not crashed yet?
Replies: 36
Views: 2657

Re: Why has the economy not crashed yet?

PluckyDucky wrote: Fri Jan 03, 2020 12:49 pm It did decline 20% in December 2018.

Is that not enough?

To the moon! :moneybag :moneybag :moneybag
"Things are so volatile now, I don't feel like it's a good time to invest" -All the sideliners in 2018.
by ohai
Fri Jan 03, 2020 9:43 am
Forum: Personal Consumer Issues
Topic: Used Mercedes GLE or new lease Acura
Replies: 11
Views: 1072

Re: Used Mercedes GLE or new lease Acura

I don't think there is a way for you to offset the higher cost of the Mercedes. You will pay for the maintenance either directly or indirectly. Are you willing to spend an extra $20k or whatever over the next 5 years to drive a better car? That's up to you I guess.
by ohai
Fri Jan 03, 2020 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Getting married, spouse low/no-income. What to do?
Replies: 15
Views: 3145

Re: Getting married, spouse low/no-income. What to do?

I have not done the calculations, but I suspect that since she has no income, the tax reduction from filing as a married household will outweigh any kind of losses from those IRA or health things mentioned above.
by ohai
Thu Jan 02, 2020 4:56 pm
Forum: Personal Investments
Topic: VTI. Buy Now or Wait for a Dip?
Replies: 44
Views: 4424

Re: VTI. Buy Now or Wait for a Dip?

People have asked the same question this whole year. The fact that SPX hit all time high again today means every single one of these people who waited have lost money.
by ohai
Thu Jan 02, 2020 4:52 pm
Forum: Personal Investments
Topic: Are funds with a load really that bad?
Replies: 29
Views: 2245

Re: Are funds with a load really that bad?

To put the best possible light on the matter, the purpose of the load is to pay advisors to bring certain mutual funds to your attention. That is, you might not learn about the fund if an advisor didn't tell you, and the fund pays the advisors for their valuable service. A more cynical light is tha...
by ohai
Thu Jan 02, 2020 3:19 pm
Forum: Investing - Theory, News & General
Topic: So now stocks only return 3% over time?
Replies: 95
Views: 11556

Re: So now stocks only return 3% over time?

Stocks will probably return 7% real or something like that over the next decade. However, you should obviously make plans around a more conservative assumption. So, practically, you should pretend it's like 4% return or something.
by ohai
Thu Jan 02, 2020 3:16 pm
Forum: Investing - Theory, News & General
Topic: Mortgage payoff in VTI
Replies: 76
Views: 6360

Re: Mortgage payoff in VTI

Just make sure your financial plan is not derailed in a downturn, where VTI and home value will decrease, but your debt will stay the same.
by ohai
Thu Jan 02, 2020 2:39 pm
Forum: Investing - Theory, News & General
Topic: Free trades and Flagship status
Replies: 21
Views: 1646

Re: Free trades and Flagship status

You get the rep back when you invest $5 million with them! Given how much stocks have appreciated in the past 20 years, maybe this is the new threshold. Otherwise, I am sure Vanguard would be happy to provide more service in exchange for higher fees. Unfortunately, that's the opposite of what their ...
by ohai
Thu Jan 02, 2020 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1934
Views: 472768

Re: Share your net worth progression

Bogleheads website could probably make so much money selling user information. I'm pretty sure the contact info of the people above is worth much more than some random Youtube subscriber or something.
by ohai
Thu Jan 02, 2020 12:25 pm
Forum: Personal Investments
Topic: High bracket investors and short term reserves?
Replies: 22
Views: 1493

Re: High bracket investors and short term reserves?

I have less than $5k in cash. This is like the bare minimum I need in order to fund expense volatility. I don't know what is the point of emergency cash, to be honest. I have a lot of bonds that I can cash out for an emergency. If I can't wait 2 days, then I have tons of unused credit card balance. ...
by ohai
Thu Jan 02, 2020 11:23 am
Forum: Personal Consumer Issues
Topic: which Subaru is best for a young driver?
Replies: 24
Views: 2785

Re: which Subaru is best for a young driver?

If safety technology is your primary concern, I don't think that's sufficient reason to justify Subaru over other brands. Honda or Toyota offer similar, if not better safety technology. Also, the generally higher base cost of Subaru can go towards options on those other brands.
by ohai
Thu Jan 02, 2020 10:35 am
Forum: Investing - Theory, News & General
Topic: Is total world bond safer than US treasuries?
Replies: 140
Views: 8084

Re: Is total world bond safer than US treasuries?

Any chance someone is willing to explain how currency hedging contracts increase returns and decrease risk with this international bond products? Here is a grok quote from an old thread ... A couple of questions regarding Bernstein's comments that perhaps someone will help me with: 1) He suggests t...
by ohai
Thu Jan 02, 2020 9:33 am
Forum: Investing - Theory, News & General
Topic: Most 2019 S&P 500 forecasts were too low
Replies: 58
Views: 3840

Re: Most 2019 S&P 500 forecasts were too low

Hi. The suggestion of this thread (the forecasts were "too low") is not fair. Assuming these predictions were made at the end of 2018, those analysts, on average predicted about a 20% gain in SPX, not including dividends. In other words, they were mostly wildly bullish, beyond the average year for S...
by ohai
Thu Jan 02, 2020 9:18 am
Forum: Personal Investments
Topic: Sister wants advice since I disagreed with her financial advisers.
Replies: 141
Views: 13898

Re: Sister wants advice since I disagreed with her financial advisers.

"Main goal is growing the accounts to 7M-10M by retirement with the best tax savings possible." This goal is laughable with their current track record and balance sheet. They will need a complete change in their approach to finances to get anywhere near this. Whatever their income is does not matter...