Search found 2888 matches

by technovelist
Thu Jan 11, 2018 11:14 am
Forum: Investing - Theory, News & General
Topic: Withdrawal sequencing
Replies: 19
Views: 2061

Re: Withdrawal sequencing

Almost every advice column on retirement tells you to take money out in a "tax-efficient way". But they never explain exactly what that means. So I wrote my own program to calculate the way to get the most after-tax cash flow, via Monte Carlo simulation of billions of different withdrawal options. T...
by technovelist
Thu Jan 11, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 12771

Re: Is it time for me to "call in rich"?

I "retired" for the first time with a lot less money than you have, although I was also older and therefore closer to Social Security and Medicare eligibility. You're all set financially. As for what to do with all the free time, I've been working on my own projects and often don't have enough time ...
by technovelist
Thu Jan 11, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Need help with insurance options. Not good with this kind of stuff
Replies: 4
Views: 329

Re: Need help with insurance options. Not good with this kind of stuff

While health insurance is useful for routine doctor visits, prescriptions, and lab tests, its real purpose is to save you from financial disaster in case you need to be hospitalized and rack up six or seven figure medical bills. I've never heard of an employer plan that limits your ACA options. Can...
by technovelist
Wed Jan 10, 2018 6:35 pm
Forum: Personal Consumer Issues
Topic: antivirus for windows 7
Replies: 10
Views: 618

Re: antivirus for windows 7

If your friend wants to significantly reduce the worry about a computer virus, spyware, malware and not need to maintain the operating system on their PC then your friend should consider buying a Chromebook laptop as their next PC purchase. You cannot install traditional programs on a Chromebook, o...
by technovelist
Wed Jan 10, 2018 3:38 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 211
Views: 20447

Re: Memo to those who have won the game: it's time to quit playing

By the numbers I have won the game but most of my portfolio is still in stocks. The underlying assumption here is that bonds have no risk. That is not always true. The two biggest risks for bonds are inflation and longevity risk, finding out in the 4th quarter of the game that you hadn't won it in ...
by technovelist
Wed Jan 10, 2018 3:29 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 211
Views: 20447

Re: Memo to those who have won the game: it's time to quit playing

Won the game, get out ... into what? Liability matched, SPIA's, TIPS ...etc all have risks as well. Less history, as of yet haven't been stress tested. Potentially a cost (relatively lower rewards than might otherwise have been secured) during good times, but insurance that ultimately fails when ca...
by technovelist
Wed Jan 10, 2018 12:03 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 184
Views: 21075

Re: Anyone disenchanted with retirement?

Not me.

On the other hand, I've worked harder at some points in retirement than I ever did while working for an employer.

The difference is that I've worked on what I wanted to work on.
by technovelist
Wed Jan 10, 2018 11:58 am
Forum: Personal Consumer Issues
Topic: antivirus for windows 7
Replies: 10
Views: 618

Re: antivirus for windows 7

HueyLD wrote:
Wed Jan 10, 2018 11:55 am
Try Microsoft Security Essentials (MSE). You can download it from Microsoft website and it is free.
That's what I use on my Windows 7 machines.
by technovelist
Wed Jan 10, 2018 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 3827

Re: Should we keep this variable annuity?

^@technovelist As I've said before, BIL's insurance co, will market and sell SPIA's all day long, but VA's he has some great hesistancy. :?: I guess that his statement is the current state of the firm & country in 2016. But may not necessarily apply going forward. :annoyed In my opinion, VA's are a...
by technovelist
Wed Jan 10, 2018 5:15 am
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 3827

Re: Should we keep this variable annuity?

Inflation-protected ones, yes, but I can't see any reason that insurance companies would stop selling nominal annuities. I was very surprised that MetLife got out of the personal life and annuity business. When we were trying to compare annuities 2008, I couldn't find a Prudential agent. :annoyed :...
by technovelist
Tue Jan 09, 2018 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 3827

Re: Should we keep this variable annuity?

I can almost guaratee that SPIA rates will rise in the future along with inflation - but like everything else in life i do not know when - coudl be in a year or could be in 20 years. future BH who are waiting till 70 to 80yo, in inflationary conditions are going to face new purchasing SPIA realitie...
by technovelist
Mon Jan 08, 2018 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Anything I can do with my home equity?
Replies: 9
Views: 1524

Re: Anything I can do with my home equity?

I'll go with #4. You don't need any more real estate exposure especially in a ridiculously overpriced market like CA.
by technovelist
Mon Jan 08, 2018 12:53 am
Forum: Personal Finance (Not Investing)
Topic: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)
Replies: 110
Views: 8743

Re: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)

Looks like I need to earn some more money so I can keep a place in FL/TX and a place in NYC and spend half the year in each (-1 day in NYC). This seems like the best option to avoid the tax. Too bad the condo fees would probably be $300/month down south and $1000/month up in NY. Why not just visit ...
by technovelist
Mon Jan 08, 2018 12:50 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 19282

Re: Buying Real Silver and Gold (Not Bitcoin)

You got to to come up with well over $1300 just for a 1 oz Gold American Eagle. The Local Coin Shop LCS shows SPOT WE BUY WE SELL 1320.09 1325.09 1370.09 The premium when they sell it to you is $50, which is 3.79% over spot. They will give you $5 over spot when they buy it back. So the spread is $4...
by technovelist
Sat Jan 06, 2018 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: Am I market timing with my newly considered AA?
Replies: 11
Views: 1013

Re: Am I market timing with my newly considered AA?

It sounds as though you are very close to having won the game, so you don't need to be aggressive. If I were in your position, I would go with the Harry Browne Permanent Portfolio, which is much less volatile than even 60/40 at the expense of a slightly lower CAGR. There have been a number of thread...
by technovelist
Fri Jan 05, 2018 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need $$ in taxable?
Replies: 26
Views: 4322

Re: Do I need $$ in taxable?

You can only do tax-loss harvesting in a taxable account. I know this is not a big topic right now, but I'm still using up my realized losses from a few years ago. If you don't care about that, then a Roth is much the same as a taxable account (with no taxes). I think of my Roth as an agressive acc...
by technovelist
Fri Jan 05, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)
Replies: 110
Views: 8743

Re: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)

New York is one of the places where you feel crazy paying such high rent/taxes, but as soon as you leave you realize there is no substitute. If you want to live this life you need to pay the price. Try to just enjoy it. Money is a tool to help you live the life you want. I've lived in NYC (although...
by technovelist
Thu Jan 04, 2018 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 3827

Re: Should we keep this variable annuity?

These products are REALLY complicated.

If I were in your position I would look for a fee-only financial advisor who specializes in analyzing them for current holders.
by technovelist
Wed Jan 03, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Do you eventually get accustomed to your higher balances?
Replies: 47
Views: 7090

Re: Do you eventually get accustomed to your higher balances?

You get accustomed to your higher balance, ten figure gains are fun to watch, however, consistent ten figure losses are hard to take. And that's the way it is . . . just stay on the bumpy road and hope for the best. Thanks for reading ~cfs~ Gaining or losing a billion dollars is a bit above my expe...
by technovelist
Wed Jan 03, 2018 10:47 am
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 182
Views: 19130

Re: Call the top! - Bitcoin

Entries are now closed. Here's the list of all valid entries: 14999 Top99% 16934.26 jadd806 17171 ensign_lee 17500 whiteprius 18675.83 johne417 12/18/17 (but bet invalid, made after that peak) 19500 Texas Radio 19876.54 LadyGeek 2/2/18 20001 siamond 20345 JonnyDVM 20432 ccieemeritus 12/14/2017 2131...
by technovelist
Wed Jan 03, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)
Replies: 110
Views: 8743

Re: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)

Silk McCue wrote:
Tue Jan 02, 2018 10:26 pm
Any chance you could find a more vibrant place to live in Texas and just visit NY more often. Maybe some extended stays in an AirBnB so that you can enjoy the city from time to time.
That would be what I would do in the OPs situation.
by technovelist
Tue Jan 02, 2018 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Embarrassment Preventing Retirement Work: A factor for you?
Replies: 133
Views: 13687

Re: Embarrassment Preventing Retirement Work: A factor for you?

HIinvestor wrote:
Tue Jan 02, 2018 4:27 am
I know some folks who retired from their full time careers and are doing various paid and unpaid activities now. None are doing it for the money—one was wondering Jung at Costco,
Wow, that sounds like a great job! I wonder what the interview was like?
by technovelist
Tue Jan 02, 2018 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Do you eventually get accustomed to your higher balances?
Replies: 47
Views: 7090

Re: Do you eventually get accustomed to your higher balances?

It's a lot easier to get accustomed to higher balances than to lower ones.
by technovelist
Tue Jan 02, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Needed?
Replies: 6
Views: 415

Re: Life Insurance Needed?

How would your wife do if you got run over by the proverbial truck tomorrow?

I don't think you have enough investable assets to sustain her for the rest of her life, especially with a young child.

How much life insurance do you have, and for how long a term (assuming it is term)?
by technovelist
Tue Jan 02, 2018 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Backtesting is scary!
Replies: 10
Views: 1314

Re: Backtesting is scary!

I have been using https://www.portfoliovisualizer.com/backtest-portfolio to back test various portfolios, We are looking for a portfolio with a maximum draw down of less than -10% for 2008. In comparison to -45%, -10% t would be acceptable. As most of us know, 80% or more of the managed funds under...
by technovelist
Tue Jan 02, 2018 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: How to Get Money Out of One's Investments for a Early Retiree
Replies: 24
Views: 2177

Re: How to Get Money Out of One's Investments for a Early Retiree

"Either way, you have $50,000 that you can use for spending, but which of these is best depends on your other income." Yes, but then you have less dividend income going forward and since those shares are gone, you don't get any future capital appreciation on them. The reason every company in the DJ...
by technovelist
Tue Jan 02, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: How to Get Money Out of One's Investments for a Early Retiree
Replies: 24
Views: 2177

Re: How to Get Money Out of One's Investments for a Early Retiree

"pending the dividends and interest IS effectively selling that part of your return that appears in the form of interest and dividends. A withdrawal is a withdrawal is a withdrawal" I've read this over and over here, but I just cant force myself to agree. If I were the OP I would reconsider how the...
by technovelist
Tue Jan 02, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)
Replies: 110
Views: 8743

Re: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)

If you're going to try to spent part of a year in NY while keeping your TX domicile, I would not purchase a property in NY. Stick with renting, and double and triple check the domicile laws since NY is quite greedy and overreaching when it comes to trying to get tax revenues. You will start off in ...
by technovelist
Tue Jan 02, 2018 12:19 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 19282

Re: Buying Real Silver and Gold (Not Bitcoin)

I just checked wholesale prices for kilo bars of gold, and the spread is about 0.6% at the moment.

I should also point out that one bar is about $42,000, which is a significant amount for most people.

Other than on this forum, of course. :moneybag
by technovelist
Mon Jan 01, 2018 4:36 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 19282

Re: Buying Real Silver and Gold (Not Bitcoin)

Did you know that Gold, Silver, Platinum and Palladium are considered currencies by the International Standards Organization? Don't believe me? See ISO 4217 ISO 4217 is a standard first published by International Organization for Standardization in 1978, which delineates currency designators, count...
by technovelist
Mon Jan 01, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 101
Views: 7049

Re: Individual Stocks That Went Bust

All correct (I invited in many of them)! In terms fo bust, I am simply referring o stocks that declined, companies that went of of business, and so forth. A simple list to show the risk of investing in individual stocks. YBTVA (my former employer). Went Chapter 11 in 2009, existing stock became wor...
by technovelist
Mon Jan 01, 2018 1:55 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 101
Views: 7049

Re: Individual Stocks That Went Bust

VA Linux -- most successful IPO in history (still?) in terms of first day pop. http://www.billiontrader.com/post/123 Had a market cap of $13billion after 1st day of trading. Sold a few years ago for $140mm, i.e. a loss of nearly 99% not including time value of money. I remember watching this one wi...
by technovelist
Mon Jan 01, 2018 1:55 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 101
Views: 7049

Re: Individual Stocks That Went Bust

All correct (I invited in many of them)! In terms fo bust, I am simply referring o stocks that declined, companies that went of of business, and so forth. A simple list to show the risk of investing in individual stocks. YBTVA (my former employer). Went Chapter 11 in 2009, existing stock became wor...
by technovelist
Mon Jan 01, 2018 1:54 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 101
Views: 7049

Re: Individual Stocks That Went Bust

Va Linux: "On one day in December of 1999, VA Linux, a company with just 200 employees, shattered the record for a single day IPO. The stock, initially priced at $30, closed at $239, a 700 percent run-up. The company's 37-year-old chief executive became an instant billionaire -- on paper. Several ot...
by technovelist
Mon Jan 01, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: No earned income, how do you pay tax for pensions, SS and RMDs
Replies: 43
Views: 3883

Re: Retirees: No earned income, how do you pay tax for pensions, SS and RMDs

I have the simplest method of all.

I pay no taxes because I keep my income below the taxable limits. :sharebeer
by technovelist
Sun Dec 31, 2017 9:25 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 19282

Re: Buying Real Silver and Gold (Not Bitcoin)

I calculated the 2017 return of four Precious Metal Bullion: XAU Gold Bullion 22.83% XAG Silver Bullion 6.53% XPT Platinum Bullion 4.19% XPD Palladium Bullion 56.48% and on PM ETFs GLD 12.84% SLV 5.82% PPLT 2.56% PALL 55.87% Palladium was way up. 56.48% Platinum up only a little. 4.19%. Is now the ...
by technovelist
Sun Dec 31, 2017 7:28 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 19282

Re: Buying Real Silver and Gold (Not Bitcoin)

I think I can say without fear of contradiction that the futures contract price for gold will NEVER be at a discount to the current price. Gold has at times been in backwardation https://www.bullionstar.com/blogs/koos-jansen/new-york-and-london-gold-in-backwardation/ - future prices lower than curr...
by technovelist
Sun Dec 31, 2017 10:14 am
Forum: Investing - Theory, News & General
Topic: The Growing Peril of Index Funds: Too Much Tech
Replies: 67
Views: 6297

Re: The Growing Peril of Index Funds: Too Much Tech

...The higher the price goes, the more the index funds have to buy. No, they don't. That's just plain wrong, and I've already explained why it's wrong. If the Vanguard Total Stock Market Index Fund holds $20 billion in Apple stock, and the price of Apple stock doubles, then the fund needs to hold $...
by technovelist
Sun Dec 31, 2017 10:12 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 19282

Re: Buying Real Silver and Gold (Not Bitcoin)

"Taking delivery" of an option means getting a futures position. You can theoretically take delivery of a futures position, but it isn't done very frequently. One reason is that the most common gold future has a contract size of 100 ounces, which is pretty big for most clients. Also you would have ...
by technovelist
Sat Dec 30, 2017 11:03 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 19282

Re: Buying Real Silver and Gold (Not Bitcoin)

grayfox, do you know of any instances of someone buying a gold Options contract and opting to take physical delivery at expiry of that contract? I wouldn't know. I have very little knowledge of derivatives. I think there are futures contracts and options. I'm not clear on what the difference is. Bu...
by technovelist
Sat Dec 30, 2017 10:55 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 19282

Re: Buying Real Silver and Gold (Not Bitcoin)

Another issue with Physical Metal: Stolen packages . Now this is probably not that common, but some small percent of silver and gold packages are stolen before its delivered. This one YouTuber had ordered about 100 packages from one of the big online bullion companies with no problem. Then one orde...
by technovelist
Sat Dec 30, 2017 1:29 am
Forum: Personal Finance (Not Investing)
Topic: Do we need disability insurance
Replies: 59
Views: 7453

Re: Do we need disability insurance

IMO this is a no-brainer. Get solid own-occupation disability insurance. When you have a sizable nest egg and want to self-insure against disability you can reconsider, but right now with the debt and lack of a nest egg you both need DI end of story. Sure you could life off one of your salaries, bu...
by technovelist
Sat Dec 30, 2017 1:10 am
Forum: Personal Consumer Issues
Topic: I Want to Buy a Horrible, Expensive Car
Replies: 155
Views: 10304

Re: I Want to Buy a Horrible, Expensive Car

Discovery doesn't meet your criteria for expensive and stupid. The Land Rover Range Rover Sport SVR is what you really want. Wow, are you so right. 575 HP Supercharged V8. 4.3 0-60. MPG = TBD (?? really ??) $113k For that price, one could buy an actual near super car sports car. Here's a review of ...
by technovelist
Sat Dec 30, 2017 1:00 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 19282

Re: Buying Real Silver and Gold (Not Bitcoin)

Well the week ended Friday evening 12/29/2017 and Silver was up. It popped above $17 in Friday, but ended at 16.909 according to XAGUSD . Actually the BID / ASK is shown as 16.909 / 16.951. It went up the last 5 days straight. Back when I bought my 2017 Silver American Eagle on 12/12, the spot pric...
by technovelist
Sat Dec 30, 2017 12:56 am
Forum: Investing - Theory, News & General
Topic: The Growing Peril of Index Funds: Too Much Tech
Replies: 67
Views: 6297

Re: The Growing Peril of Index Funds: Too Much Tech

...The higher the price goes, the more the index funds have to buy. No, they don't. That's just plain wrong, and I've already explained why it's wrong. If the Vanguard Total Stock Market Index Fund holds $20 billion in Apple stock, and the price of Apple stock doubles, then the fund needs to hold $...
by technovelist
Sat Dec 30, 2017 12:50 am
Forum: Personal Consumer Issues
Topic: I Want to Buy a Horrible, Expensive Car
Replies: 155
Views: 10304

Re: I Want to Buy a Horrible, Expensive Car

Bored? Try bungee jumping instead. Or zip lining across the Mississippi river. But a Lamd Rover? I've done skydiving, am a regular scuba diver, and have been ultralight flying / hang-gliding over Vatnajokull glacier in Iceland. But I can't really do those on a daily basis. Are you limited to an SUV...
by technovelist
Fri Dec 29, 2017 10:56 pm
Forum: Personal Consumer Issues
Topic: I Want to Buy a Horrible, Expensive Car
Replies: 155
Views: 10304

Re: I Want to Buy a Horrible, Expensive Car

tigermilk wrote:
Fri Dec 29, 2017 10:51 pm
I thought you said expensive? Discovery Sport looksmawfully run of the mill price wise for SUVs. I came into this thread expecting a Bentley Bentayga.
I think he is including the maintenance cost in the "expensive" part. :sharebeer
by technovelist
Fri Dec 29, 2017 10:50 pm
Forum: Personal Consumer Issues
Topic: I Want to Buy a Horrible, Expensive Car
Replies: 155
Views: 10304

Re: I Want to Buy a Horrible, Expensive Car

If I were going to buy a car remotely like that, I would go with the Toyota Land Cruiser, just because it is a Toyota. What makes it "terroristy"? Or was that supposed to be "touristy"? Nope, terroristy is the word I meant: http://abcnews.go.com/International/us-officials-isis-toyota-trucks/story?i...
by technovelist
Fri Dec 29, 2017 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Taxpayer Classification Change; Overall Tax Rate Going Up in 2018
Replies: 4
Views: 853

Re: Taxpayer Classification Change; Overall Tax Rate Going Up in 2018

I had a similar post in the Omnibus Tax thread, but it got lost in the shuffle: For tax year 2017, I will be in my second (and last) year of filing as "Qualifying Widow(er)", where my marginal tax rate is 15%. Beginning in tax year 2018, I will start filing as "Head of Household", with a marginal t...
by technovelist
Fri Dec 29, 2017 10:43 pm
Forum: Personal Consumer Issues
Topic: I Want to Buy a Horrible, Expensive Car
Replies: 155
Views: 10304

Re: I Want to Buy a Horrible, Expensive Car

If I were going to buy a car remotely like that, I would go with the Toyota Land Cruiser, just because it is a Toyota.

What makes it "terroristy"? Or was that supposed to be "touristy"?