Search found 190 matches

by pcsrini
Sat Jul 04, 2020 11:39 am
Forum: Investing - Theory, News & General
Topic: Barrons: The Next Trillion Dollar Stock
Replies: 22
Views: 2247

Barrons: The Next Trillion Dollar Stock

https://www.barrons.com/articles/4-stocks-have-trillion-dollar-values-whos-next-51593862201 4 companies currently have trillion dollar valuations. Less than 2 years ago, Apple was the first trillion dollar company. Microsoft, Amazon and Google are also in the list. Facebook and a few other companies...
by pcsrini
Fri Jul 03, 2020 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with all this MONEY ?
Replies: 201
Views: 21431

Re: What to do with all this MONEY ?

Congrats on all your achievements. Must not have been easy. Since the kids are doing well, and thriving, it's perhaps best to accept that that they will make some financial and non-financial decisions along the way that you may not be comfortable with. But these will be life lessons which will help ...
by pcsrini
Fri Jul 03, 2020 3:56 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg: The Cost of Bad Market Timing Decisions in 2020 Was Annihilation
Replies: 39
Views: 6816

Re: Bloomberg: The Cost of Bad Market Timing Decisions in 2020 Was Annihilation

What if an investor missed the five worst days? By how much would they have beaten a buy and hold strategy? What are the odds that an investor just happened to miss the five best days while being invested on every other day? This is all old stuff. The odds of missing "just" the five best ...
by pcsrini
Fri Jul 03, 2020 1:47 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg: The Cost of Bad Market Timing Decisions in 2020 Was Annihilation
Replies: 39
Views: 6816

Re: Bloomberg: The Cost of Bad Market Timing Decisions in 2020 Was Annihilation

3. There are no signals to help decide when to get in or get out. This line refers to one person's opinion, cited in the article: “There were no flashing signals that those were the days that were going to see huge upside,” said Chris Gaffney, president of world markets at TIAA Bank. “If you look b...
by pcsrini
Fri Jul 03, 2020 12:42 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg: The Cost of Bad Market Timing Decisions in 2020 Was Annihilation
Replies: 39
Views: 6816

Bloomberg: The Cost of Bad Market Timing Decisions in 2020 Was Annihilation

https://www.bloomberg.com/news/articles/2020-07-03/the-cost-of-bad-market-timing-decisions-in-2020-was-annihilation Dramatic headline, and the article maybe behind a paywall. Summary: 1. Missing 5 of the best days in the stock market 2020 would have resulted in a 30% loss, versus a break even with s...
by pcsrini
Thu Jul 02, 2020 11:23 am
Forum: Personal Consumer Issues
Topic: YoutubeTV subscription now $64.99/month
Replies: 174
Views: 17657

Re: YoutubeTV subscription now $64.99/month

https://www.theverge.com/21310442/tv-streaming-youtube-fubo-price-increases-carrier-fees-disputes-costs-cable-television It does seems like cable and streaming live TV options will continue to become more expensive over time, as they have little to no leverage in pricing with the content providers. ...
by pcsrini
Wed Jul 01, 2020 5:50 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Hedge Fund Star John Paulson Calls It Quits
Replies: 2
Views: 778

WSJ: Hedge Fund Star John Paulson Calls It Quits

https://www.wsj.com/articles/hedge-fund-star-john-paulson-calls-it-quits-11593637778 The article is behind a paywall. Mr. Paulson’s decision had been telegraphed as assets at his firm fell and returns declined, and investors have been leaving his funds for years (perhaps for index funds?). Paulson r...
by pcsrini
Wed Jul 01, 2020 3:47 pm
Forum: Personal Consumer Issues
Topic: YoutubeTV subscription now $64.99/month
Replies: 174
Views: 17657

Re: YoutubeTV subscription now $64.99/month

It's amazing that live sports and broadcast TV are still able to charge premium prices even with the rapid rise of Netflix, Amazon and other cheaper and content rich "on demand" streaming services. As more folks choose to leave live TV cable/streaming services, I wonder if the customers wh...
by pcsrini
Tue Jun 30, 2020 7:46 pm
Forum: Personal Consumer Issues
Topic: YoutubeTV subscription now $64.99/month
Replies: 174
Views: 17657

Re: YoutubeTV subscription now $64.99/month

Google has raised the price of Youtube TV by 30% to $64.99/month. :shock: oh h#ll no. Throw in taxes, prob $70-75 a month? Nope, that’s the other distance between streaming and cable. Up to this point (and until the end of August, apparently), my entire YTTV bill has been exactly $49.99. Or about 5...
by pcsrini
Tue Jun 30, 2020 7:02 pm
Forum: Personal Consumer Issues
Topic: YoutubeTV subscription now $64.99/month
Replies: 174
Views: 17657

Re: YoutubeTV subscription now $64.99/month

Google’s comparison of the options for live TV. It does not Include a comparison with bundles of internet and TV.

https://tv.youtube.com/welcome/
by pcsrini
Tue Jun 30, 2020 4:39 pm
Forum: Personal Consumer Issues
Topic: YoutubeTV subscription now $64.99/month
Replies: 174
Views: 17657

Re: YoutubeTV subscription now $64.99/month

For live sports, the delay and latency with streaming services even with a high speed connection is definitely noticeable due to the number of internet hops from the TV to the service aggregator, and then to the actual service itself. Cable providers are better for live sports. If I understand your...
by pcsrini
Tue Jun 30, 2020 3:48 pm
Forum: Personal Consumer Issues
Topic: YoutubeTV subscription now $64.99/month
Replies: 174
Views: 17657

Re: YoutubeTV subscription now $64.99/month

For live sports, the delay and latency with streaming services even with a high speed connection is definitely noticeable due to the number of internet hops from the TV to the service aggregator, and then to the actual service itself. Cable providers are better for live sports.
by pcsrini
Tue Jun 30, 2020 2:17 pm
Forum: Personal Consumer Issues
Topic: YoutubeTV subscription now $64.99/month
Replies: 174
Views: 17657

Re: YoutubeTV subscription now $64.99/month

For new subscribers, the price hike is effective tomorrow. For existing subscribers it’s your next billing date on or after July 30th. I expect Google to notify subscribers shortly.
by pcsrini
Tue Jun 30, 2020 2:02 pm
Forum: Personal Consumer Issues
Topic: YoutubeTV subscription now $64.99/month
Replies: 174
Views: 17657

YoutubeTV subscription now $64.99/month

Google has raised the price of Youtube TV by 30% to $64.99/month. Late last year it was increased by 25% from $39.99 to $49.99. It's a good service, but the constant price increases make it less appealing.
by pcsrini
Tue Jun 30, 2020 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best financial decision you ever made?
Replies: 213
Views: 17309

Re: What is the best financial decision you ever made?

1. Taking a huge personal risk, and coming to the US for graduate studies
2. Marrying someone way smarter than me
3. Being opportunistic with career choices
4. Finding this site, and learning from the brilliant folks here
by pcsrini
Tue Jun 30, 2020 11:10 am
Forum: Investing - Theory, News & General
Topic: Forbes: Robinhood & Hertz: The Troubling Saga Of A Bankrupt Stock
Replies: 11
Views: 2209

Re: Forbes: Robinhood & Hertz: The Troubling Saga Of A Bankrupt Stock

Perhaps it's because hedge funds want order flow from people who are day trading various stocks and options based on "news" or social media noise, not investors that systematically contribute monthly into broad index funds and don't sell until they retire. I find it amusing how government...
by pcsrini
Mon Jun 29, 2020 11:31 am
Forum: Investing - Theory, News & General
Topic: Forbes: Robinhood & Hertz: The Troubling Saga Of A Bankrupt Stock
Replies: 11
Views: 2209

Re: Forbes: Robinhood & Hertz: The Troubling Saga Of A Bankrupt Stock

A comparison of the payments from third parties for trades directed to them from broker platforms. It’s not clear from the article why Robinhood is able to charge a higher payment per transaction compared to the other brokers.
https://apple.news/A25ocN2vrTheRdcQtwEHbrA
by pcsrini
Sun Jun 28, 2020 11:32 pm
Forum: Investing - Theory, News & General
Topic: Forbes: Robinhood & Hertz: The Troubling Saga Of A Bankrupt Stock
Replies: 11
Views: 2209

Forbes: Robinhood & Hertz: The Troubling Saga Of A Bankrupt Stock

https://www.forbes.com/advisor/investing/robinhood-bankrupt-hertz/ The article talks about frictionless, no commision trading and the gamification of stock buying in the Robinhood mobile app. Anonymized data on its users stock holdings are provided by Robinhood to third party sites which then track ...
by pcsrini
Wed Jun 24, 2020 11:56 am
Forum: US Chapters
Topic: Happy Birthday Mel Lindauer - 6/22/2020
Replies: 58
Views: 4410

Re: Happy Birthday Mel Lindauer - 6/22/2020

Happy birthday, Mel and many happy returns! Thanks for all your efforts - much appreciated!
by pcsrini
Wed Jun 24, 2020 2:03 am
Forum: Investing - Theory, News & General
Topic: Delisting of Credit Suisse ETN's (TVIX and others)
Replies: 7
Views: 772

Re: Delisting of Credit Suisse ETN's (TVIX and others)

This does seem to happen fairly often with ETN’s. Staying away from these products is probably best.
viewtopic.php?t=316431
by pcsrini
Tue Jun 23, 2020 5:22 pm
Forum: Investing - Theory, News & General
Topic: GFD: Are You Ready for the Bubble of the 2020s?
Replies: 8
Views: 2205

Re: GFD: Are You Ready for the Bubble of the 2020s?

The more click-baity the headline, the more views I guess. Certainly, the 100 year cycles are preposterous, and the comparisons to centuries ago are a big stretch.
by pcsrini
Tue Jun 23, 2020 3:22 pm
Forum: Investing - Theory, News & General
Topic: Delisting of Credit Suisse ETN's (TVIX and others)
Replies: 7
Views: 772

Delisting of Credit Suisse ETN's (TVIX and others)

ETN's linked to the VIX, and other ETN's are being delisted by Credit Suisse, but may still trade OTC(?). If TVIX as an example was used as a hedge, would it be the best course of action be to sell now before the delisting ? https://finance.yahoo.com/news/credit-suisse-says-delist-volatility-1524309...
by pcsrini
Tue Jun 23, 2020 12:55 pm
Forum: Investing - Theory, News & General
Topic: GFD: Are You Ready for the Bubble of the 2020s?
Replies: 8
Views: 2205

GFD: Are You Ready for the Bubble of the 2020s?

FWIW. As the stock market rises, and targets from analysts are raised to keep with the trend, here is a some history on past cycles. Not sure how accurate the history lesson here is. "Will a bubble in the roaring 2020s mimic the bubbles of the 1720s, 1820s and 1920s? Only time will tell…" ...
by pcsrini
Mon Jun 22, 2020 7:15 pm
Forum: Investing - Theory, News & General
Topic: Reuters: Pandemic propels old-school bond traders towards an electronic future
Replies: 4
Views: 366

Re: Reuters: Pandemic propels old-school bond traders towards an electronic future

I had the same reaction. Its is a 100 trillion market worldwide for bonds, and there does not seem to be a compelling reason now for it not to completely electronic. The spikiness of some of municipal and corporate bond ETF's in March could have been due to the fact that with fewer transactions and ...
by pcsrini
Mon Jun 22, 2020 3:54 pm
Forum: Investing - Theory, News & General
Topic: Reuters: Pandemic propels old-school bond traders towards an electronic future
Replies: 4
Views: 366

Re: Reuters: Pandemic propels old-school bond traders towards an electronic future

Yes, definitely more complexity in the bond market. Electronic trading and marketplace platforms have evolved greatly, and can handle 1000's of transactions per second now and have the ability to handle spikes under extreme conditions, which is probably why a larger percentage trades are now being h...
by pcsrini
Mon Jun 22, 2020 12:32 pm
Forum: Investing - Theory, News & General
Topic: Barrons: Our Semi-Retired Columnist Thought He Was Ready for the Crash
Replies: 28
Views: 3673

Re: Barrons: Our Semi-Retired Columnist Thought He Was Ready for the Crash

The treasury market is the deepest, most liquid market in the world. It is unlike any other bond market. Treasury ETFs were trading at a small premium to NAV when corporate bond ETFs were having issues. Thanks - that is definitely true. From this Wikipedia article (https://en.wikipedia.org/wiki/Bon...
by pcsrini
Mon Jun 22, 2020 12:27 pm
Forum: Investing - Theory, News & General
Topic: Reuters: Pandemic propels old-school bond traders towards an electronic future
Replies: 4
Views: 366

Reuters: Pandemic propels old-school bond traders towards an electronic future

https://www.reuters.com/article/us-health-coronavirus-bond-trading-insig-idUSKBN23T0MP It appears that a large percentage of trades (~ 50%) in the bond market are still done manually. The need for liquidity and price transparency is driving more of the bond trades to be electronic via trading platfo...
by pcsrini
Mon Jun 22, 2020 12:04 pm
Forum: Investing - Theory, News & General
Topic: Barrons: Our Semi-Retired Columnist Thought He Was Ready for the Crash
Replies: 28
Views: 3673

Re: Barrons: Our Semi-Retired Columnist Thought He Was Ready for the Crash

The treasury market is the deepest, most liquid market in the world. It is unlike any other bond market. Treasury ETFs were trading at a small premium to NAV when corporate bond ETFs were having issues. Thanks - that is definitely true. From this Wikipedia article (https://en.wikipedia.org/wiki/Bon...
by pcsrini
Sun Jun 21, 2020 7:06 pm
Forum: Investing - Theory, News & General
Topic: Barrons: Our Semi-Retired Columnist Thought He Was Ready for the Crash
Replies: 28
Views: 3673

Re: Barrons: Our Semi-Retired Columnist Thought He Was Ready for the Crash

The pricing of bonds during downturns appears to not be efficient. Treasuries did not have this problem. Au contraire: https://www.google.com/amp/s/www.cnbc.com/amp/2020/03/09/bond-market-malfunctioning-part-of-uncharted-times-for-sure.html That lasted one trading day. Treasury ETFs and mutual fund...
by pcsrini
Sun Jun 21, 2020 3:50 pm
Forum: Investing - Theory, News & General
Topic: Barrons: Our Semi-Retired Columnist Thought He Was Ready for the Crash
Replies: 28
Views: 3673

Re: Barrons: Our Semi-Retired Columnist Thought He Was Ready for the Crash

The pricing of bonds during downturns appears to not be efficient. Bond ETF's are actually more reflective of the actual near real time trades, and they experienced significant swings during the March downturn due to liquidity. The downturn in March was short lived, and in the case of a more prolong...
by pcsrini
Sun Jun 21, 2020 12:07 pm
Forum: Investing - Theory, News & General
Topic: Barrons: Our Semi-Retired Columnist Thought He Was Ready for the Crash
Replies: 28
Views: 3673

Barrons: Our Semi-Retired Columnist Thought He Was Ready for the Crash

In these two articles, a Barrons columnist writes about his personal journey with tax efficient placements, asset allocation and behavioral finance. Key takeaway is what is often said in this forum to have a sizable emergency fund. "Anything you need to spend in the next few years should be in ...
by pcsrini
Thu Jun 18, 2020 1:18 pm
Forum: Investing - Theory, News & General
Topic: "Is this time different?"
Replies: 77
Views: 5816

Re: "Is this time different?"

Not that I would do anything different from an asset allocation perspective, as the consequences in a downturn for the different asset classes are probably going to be correlated. I do however think the reduction in friction due to technology changes with easy and no cost online trading (it's easier...
by pcsrini
Wed Jun 17, 2020 3:10 pm
Forum: Investing - Theory, News & General
Topic: TIPS and Munis are not as liquid as I thought
Replies: 20
Views: 2158

Re: TIPS and Munis are not as liquid as I thought

Its interesting that stock mutual fund/etf's are so efficiently priced, but not so for bond funds/etf's during downturns. FWIW, the pricing of bond ETFs is incredibly efficient, much more so than bond funds. ESPECIALLY during tumultuous markets. The issues is that the underlying bonds sometimes are...
by pcsrini
Wed Jun 17, 2020 2:18 pm
Forum: Investing - Theory, News & General
Topic: TIPS and Munis are not as liquid as I thought
Replies: 20
Views: 2158

Re: TIPS and Munis are not as liquid as I thought

If you do want to rebalance or buy bonds to meet your asset allocation goals, then opportunities like the inefficient pricing of bonds during the March downturn are a good entry point. Not from a gaming perspective, but if you are buying the timing may be important. Since bond etfs/funds yields are ...
by pcsrini
Wed Jun 17, 2020 11:49 am
Forum: Investing - Theory, News & General
Topic: TIPS and Munis are not as liquid as I thought
Replies: 20
Views: 2158

Re: TIPS and Munis are not as liquid as I thought

This does appear to be a structural problem, and I think will repeat in the next downturn. It also appears that this issue has been around even during the GFC, and prior to that. https://www.institutionalinvestor.com/article/b1lzm2xd019qjq/Bonds-Markets-Descended-Into-Chaos-Now-Pros-Are-Calling-for-...
by pcsrini
Tue Jun 16, 2020 10:45 am
Forum: Investing - Theory, News & General
Topic: Could a fall in the dollar hurt your plan?
Replies: 35
Views: 2038

Re: Could a fall in the dollar hurt your plan?

Is this not one of reasons to diversify internationally to reduce specific currency risk ? Not just the USD, but if you do choose to concentrate a portion of your portfolio in a specific country, you are exposed to the risk of that currency. Would VT instead of VTI reduce this risk ?
by pcsrini
Mon Jun 15, 2020 10:57 am
Forum: Investing - Theory, News & General
Topic: WSJ: 1/3rd of investors over 65 sold ALL their equities between Feb 20-May 15th.
Replies: 81
Views: 8728

Re: WSJ: 1/3rd of investors over 65 sold ALL their equities between Feb 20-May 15th.

Does it become more behaviorally difficult to "stay the course" as you get older ? At times, and older person may feel like they were fortunate to have stayed the course and done well in previous downturns, but as their net worth and the stakes have become higher they may choose to do som...
by pcsrini
Mon Jun 15, 2020 10:10 am
Forum: Investing - Theory, News & General
Topic: WSJ: 1/3rd of investors over 65 sold ALL their equities between Feb 20-May 15th.
Replies: 81
Views: 8728

Re: WSJ: 1/3rd of investors over 65 sold ALL their equities between Feb 20-May 15th.

Does it become more behaviorally difficult to "stay the course" as you get older ? At times, and older person may feel like they were fortunate to have stayed the course and done well in previous downturns, but as their net worth and the stakes have become higher they may choose to do some...
by pcsrini
Sun Jun 14, 2020 12:56 pm
Forum: Investing - Theory, News & General
Topic: Forbes: Do Day Traders Drive The Market Now?
Replies: 13
Views: 1052

Re: Forbes: Do Day Traders Drive The Market Now?

Ignore the noise, and stay the course. Time in the market is more important than trying to time the market. 100% in agreement. Of late, both on the threads here, and the noise externally, there is a lot of focus on day trading and how its perhaps impacting the market. I don't remember the press talk...
by pcsrini
Sat Jun 13, 2020 12:28 pm
Forum: Investing - Theory, News & General
Topic: Barrons: The Stock Market Is Always Right
Replies: 13
Views: 2344

Re: Barrons: The Stock Market Is Always Right

The author did not specifically define right, but one obvious insight: "While the most-expensive stocks have gotten far more expensive—the average valuation has risen from 26.3 times to 38.3 times—the average for the remainder of the market hasn’t changed much. It’s 14.5 times versus 13.2 times...
by pcsrini
Fri Jun 12, 2020 10:41 pm
Forum: Investing - Theory, News & General
Topic: Barrons: The Stock Market Is Always Right
Replies: 13
Views: 2344

Re: Barrons: The Stock Market Is Always Right

FWIW, a prediction from JPMorgan after yesterday's sell off. This is the most upbeat prediction I have read thus far .. "Global stocks could soar 47% from current levels as recent sell-off rejuvenates the bull market, JPMorgan says" https://markets.businessinsider.com/news/stocks/stock-mar...
by pcsrini
Thu Jun 11, 2020 10:59 pm
Forum: Investing - Theory, News & General
Topic: Forbes: Do Day Traders Drive The Market Now?
Replies: 13
Views: 1052

Forbes: Do Day Traders Drive The Market Now?

https://www.forbes.com/sites/simonmoore/2020/06/10/do-day-traders-drive-the-market-now/ Zero commission trading, low margin rates, and more time for trading working from home. This in addition to the Fed supporting the markets. The article compares this current time to 1999 when day trading was popu...
by pcsrini
Thu Jun 11, 2020 1:47 am
Forum: Investing - Theory, News & General
Topic: Bond mutual fund NAVs and etf prices in a downturn
Replies: 4
Views: 398

Re: Bond mutual fund NAVs and etf prices in a downturn

Thanks again - appreciate your detailed response and educating me on this subject. Since this has been happening for a while now, and with the increased popularity of bond ETF's, I would expect this to repeat during the next downturn. But like you said, it's best to just buy according to your IPS an...
by pcsrini
Wed Jun 10, 2020 1:38 pm
Forum: Investing - Theory, News & General
Topic: Bond mutual fund NAVs and etf prices in a downturn
Replies: 4
Views: 398

Re: Bond mutual fund NAVs and etf prices in a downturn

Thanks, alex_686. It appears that bond mutual funds and etfs, even for the larger broad based funds are highly inefficient during a downturn/crisis. If I look at the charts for BND, CMF, VTEB over the past few years there were opportunities to buy these funds at a discount. Given that interest rates...
by pcsrini
Tue Jun 09, 2020 3:03 pm
Forum: Investing - Theory, News & General
Topic: Bond mutual fund NAVs and etf prices in a downturn
Replies: 4
Views: 398

Bond mutual fund NAVs and etf prices in a downturn

During the downturn in March, broad market bond etf's (especially muni and corp etfs) had some big swings intraday, and the explanation was that this was caused by liquidity issues as investors wanted to sell their etfs. Here is a bit more of a detailed explanation on how bond mutual fund nav's and ...
by pcsrini
Sun Jun 07, 2020 11:59 pm
Forum: Personal Investments
Topic: What % of people are bogleheads?
Replies: 4
Views: 1057

Re: What % of people are bogleheads?

https://www.bloomberg.com/news/articles ... g-but-dumb

“Retail money has learned their lesson, stay allocated, don’t worry about the market jumping all over the place, stick to the program,”
by pcsrini
Fri Jun 05, 2020 10:48 pm
Forum: Investing - Theory, News & General
Topic: Barrons: The Stock Market Is Always Right
Replies: 13
Views: 2344

Barrons: The Stock Market Is Always Right

https://www.barrons.com/articles/the-st ... 1591404611

Key takeaways:

1. the stock market is a leading indicator
2. PPP encouraged rehiring which is reflected in the jobs data
3. Value may do well going forward
4. Markets don't go up forever, but they are always right
by pcsrini
Wed Jun 03, 2020 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18821

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

The CEO's of Microsoft, Mastercard, and Adobe all went to the same private school. It's called the Hyderabad Public school, which is a misnomer, because it is privately funded. For folks who grew up in India, the schools varied greatly, and there were exceptional schools at the top end, and really b...
by pcsrini
Tue Jun 02, 2020 3:38 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Individual investors get burned by collapse of complex securities
Replies: 44
Views: 4822

Re: WSJ: Individual investors get burned by collapse of complex securities

It appears that ETF's more often will execute reverse splits as a hail mary step before liquidation. From the article below, an investment of $450,000 in UVXY (1.5 VIX short term) when the ETF was first started in 2011 was worth $100 earlier this year. The advice is to look at the history of reverse...
by pcsrini
Mon Jun 01, 2020 7:13 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Individual investors get burned by collapse of complex securities
Replies: 44
Views: 4822

Re: WSJ: Individual investors get burned by collapse of complex securities

The difference could be that you could "buy and hold" your ETF, waiting for the market to recover. It seems like the investors in these ETN's were not aware that the bank could redeem the note at any point, and the bank could recreate the ETN at a later date. Mutual funds can be liquidate...