Search found 148 matches

by ribonucleic
Thu Mar 11, 2021 8:19 am
Forum: Investing - Theory, News & General
Topic: Vanguard Website
Replies: 76
Views: 6344

Re: Vanguard Website

My experience was as a programmer on an application that supported multiple end-user platforms. Our approach was to make the best experience for each platform without one platform driving the others. We just rolled up our sleeves and did the work... without a billion-dollar budget. Apparently, some...
by ribonucleic
Fri Mar 05, 2021 8:55 am
Forum: Investing - Theory, News & General
Topic: Non-fungible tokens (NFTs): anyone investing in those?
Replies: 263
Views: 19651

Re: Non-fungible tokens (NFTs): anyone investing in those?

Some people are really stubborn when it comes to anything new. NFTs have loads of use cases. It bogles my mind that one can accept cardboard prints of baseball players being worth loads of money or literal rocks, but NFTs are too hard to comprehend. Not that I’m necessarily innocent of being An Old...
by ribonucleic
Wed Mar 03, 2021 9:08 am
Forum: Investing - Theory, News & General
Topic: Non-fungible tokens (NFTs): anyone investing in those?
Replies: 263
Views: 19651

Re: Non-fungible tokens (NFTs): anyone investing in those?

The disproportionate amount of electrical energy consumed by this enterprise has... how can I put this neutrally... hidden costs.
by ribonucleic
Fri Feb 05, 2021 10:49 am
Forum: Investing - Theory, News & General
Topic: 10 interesting and useful ETFs with less than $1b AUM
Replies: 43
Views: 3407

Re: 10 interesting and useful ETFs with less than $1b AUM

THNQ has an expense ratio of... [looks it up] ... 0.68%.

That may be reasonably priced for what it does. But it’s too rich for my blood.
by ribonucleic
Thu Jan 28, 2021 10:38 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: [GameStop GME trading mega-thread]

F150HD wrote: Thu Jan 28, 2021 10:32 pm wondering where this lawsuit will go....

Robinhood hit with class action lawsuit after it restricts GameStop stock
Unless the lawyers who drafted their Terms of Service were incompetent: Nowhere.
by ribonucleic
Thu Jan 28, 2021 4:42 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: [GameStop GME trading mega-thread]

LOL... doubled in price then gave it all back in 20 minutes.
by ribonucleic
Thu Jan 28, 2021 4:40 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: [GameStop GME trading mega-threa

I think what we are witnessing is going to have profound, long-term changes to the financial industry. This is a once-a-quarter-century historical event, one that may end up in the history books. The Senate hearing should be the usual pageant of windbaggery and tech ignorance. (I don’t envy the aid...
by ribonucleic
Thu Jan 28, 2021 3:33 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: Is Game Stop, AMC etc affecting Bogleheads?

If WSB does manage to bankrupt a hedge fund, don’t be surprised if it turns out that some town or college was investing with it and goes down too.
by ribonucleic
Thu Jan 28, 2021 2:57 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: [GameStop GME trading mega-thread]

You could argue there are free speech considerations. Freedom of speech only applies to government restrictions. Private entities are not held to the same restrictions. (Hence, why this forum is perfectly within its rights to delete posts that don't follow the rules. As my father is wont to say -- ...
by ribonucleic
Thu Jan 28, 2021 2:29 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: [GameStop GME trading mega-thread]

New Providence wrote: Thu Jan 28, 2021 2:27 pm Trading is so very essential to our way of life that it should almost be almost like a Utility. You can't just cut off water or electricity whenever the provider feels like it.
You could argue there are free speech considerations.
by ribonucleic
Thu Jan 28, 2021 12:51 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: GameStop GME: anyone joining?

Aaand here’s the first lawsuit from a Robinhood user.

https://www.bloomberg.com/news/articles ... f-gamestop
by ribonucleic
Thu Jan 28, 2021 12:46 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: GameStop GME: anyone joining?

Yep, they might be done. Their core demographic are the same people that hate the establishment and were scooping up GameStop. Everyone from all sides of the aisle is calling for their head on twitter.. When was the last time you saw Ja Rule, AOC, Ben Shapiro and Donald Trump Jr. in agreement? :D I...
by ribonucleic
Thu Jan 28, 2021 12:09 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: GameStop GME: anyone joining?

Fall out for Robinhood will be interesting. They just alienated their core base. Yep, they might be done. Their core demographic are the same people that hate the establishment and were scooping up GameStop. Everyone from all sides of the aisle is calling for their head on twitter.. When was the la...
by ribonucleic
Thu Jan 28, 2021 11:51 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: GameStop GME: anyone joining?

Up 66% from the bottom half an hour ago.

So much excitement!
by ribonucleic
Thu Jan 28, 2021 11:30 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: GameStop GME: anyone joining?

BackOfTheNet wrote: Thu Jan 28, 2021 11:27 am
ribonucleic wrote: Thu Jan 28, 2021 11:08 am The efficient market informs us the the stock is now literally half as valuable as it was an hour ago.
I guffawed at this. :sharebeer
Is there a precedent for a stock losing half its value in one hour?
by ribonucleic
Thu Jan 28, 2021 11:24 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: GameStop GME: anyone joining?

Robinhood is clearly engaging in market manipulation by not allowing users to purchase shares of GameStop and other stocks - only allowing them to sell. Companies are not your friends. If Vanguard, Fidelity, or Schwab have to do the same thing to protect their bottom line, they won’t lose a minute’...
by ribonucleic
Thu Jan 28, 2021 11:17 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: GameStop GME: anyone joining?

imflyboy wrote: Thu Jan 28, 2021 11:15 am GME tanking! Down to $153!
The children will ask us “What were you thinking?”

And all we’ll be able to say is “You had to be there.”
by ribonucleic
Thu Jan 28, 2021 11:15 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: GameStop GME: anyone joining?

JiggsJazzCar wrote: Thu Jan 28, 2021 11:10 am
CoastLawyer2030 wrote: Thu Jan 28, 2021 11:02 am Got in for one share at $312. Let's see if my wife gets a free dinner or not.
Looks like you might be cooking dinner at home tonight. :)

Many couches will be slept on.
by ribonucleic
Thu Jan 28, 2021 11:08 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: GameStop GME: anyone joining?

The efficient market informs us the the stock is now literally half as valuable as it was an hour ago.
by ribonucleic
Thu Jan 28, 2021 11:01 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: GameStop GME: anyone joining?

Rashida Tlaib tweeting a call to have the SEC investigate Robinhood’s trading restriction as “market manipulation”.

If her track record of success is any indication, Robinhood is in the clear.
by ribonucleic
Thu Jan 28, 2021 10:56 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: GameStop GME: anyone joining?

retiringwhen wrote: Thu Jan 28, 2021 10:49 am I fully expect a series of Class Action Lawsuits for blocking these trades. That will be popcorn time.
That would be the final irony. The lawyers get rich and the participants get peanuts.
by ribonucleic
Thu Jan 28, 2021 10:36 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: GameStop GME: anyone joining?

Everyone thinks they can tell which player at the poker table is the sucker.

Some of them will be proved wrong.
by ribonucleic
Thu Jan 28, 2021 10:00 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: GameStop GME: anyone joining?

I don't think it's set in for many that every perceived slight against the average person is only going to make this a crazier ride up. I say "perceived" because it doesn't even matter if it's real or what the reasons are, but Robinhood stopping trades, CNBC saying Melvin closed their pos...
by ribonucleic
Thu Jan 28, 2021 9:53 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: GameStop GME: anyone joining?

I see a lot of people excited about the prospect of fast easy money.

That usually doesn’t work out.
by ribonucleic
Thu Jan 28, 2021 9:02 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: GameStop GME: anyone joining?

njuser wrote: Thu Jan 28, 2021 8:48 amIt's not some kids trying to make quick money.
I’m reminded that Jim Jones exploited desperate people’s hopes for a more just society.

It didn’t end well.
by ribonucleic
Thu Jan 28, 2021 8:22 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: GameStop GME: anyone joining?

Interesting take from podcast host Scott Galloway: https://nymag.com/intelligencer/2021/01/scott-galloway-unpacks-the-gamestop-uprising.html 1) Millennials were bound to fight back against the current grotesque level of income inequality one way or the other. 2) COVID isolation is exacerbating the i...
by ribonucleic
Wed Jan 27, 2021 10:09 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: GameStop GME: anyone joining?

Meanwhile, over at MetaFilter:
Bogleheads, a conservative long term passive investment forum has a very active discuss of GME right now, which tells me this is going big.
https://www.metafilter.com/190173/The-G ... ng#8056104
by ribonucleic
Wed Jan 27, 2021 9:39 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235012

Re: GameStop GME: anyone joining?

The one thing I'm sure of is that an interesting book will be written about this someday. [ OT comment removed by admin LadyGeek] Regardless of whether some nice people make a lot of money and some not nice people lose a lot of money, I have a superstitious conviction that A) nothing good will come ...
by ribonucleic
Wed Jan 27, 2021 4:43 pm
Forum: Investing - Theory, News & General
Topic: Vanguard customer survey
Replies: 21
Views: 1589

Re: Vanguard customer survey

Customer service rep 101 training is to not just hear the customer but empower the rep to either solve the problem or kick it upstairs to someone who can. Obviously, the rep is not empowered to hire the dozens if not hundreds of extra people that would be necessary to get wait times to a tolerable ...
by ribonucleic
Wed Jan 27, 2021 3:46 pm
Forum: Investing - Theory, News & General
Topic: Vanguard customer survey
Replies: 21
Views: 1589

Re: Vanguard customer survey

Here's the canned response With all due respect, would a handwritten letter of apology from Vanguard’s CEO have left you any less dissatisfied with the wait times? Whichever brokerage company you use, it is going to have a great deal of importance to you while you have very little importance to it....
by ribonucleic
Wed Jan 27, 2021 2:39 pm
Forum: Investing - Theory, News & General
Topic: new Vanguard Ultra-Short Bond ETF
Replies: 58
Views: 6863

Re: Vanguard plans to add Ultra-Short Bond ETF to lineup

I know, I know, the Fed is going to keep interest rates low forever. But there is some real principal risk on this fund - not stock-like, but certainly not money market fund-like. Well, since you mention it... What’s the scenario for, say, a 1% rate increase? Everyone gets vaccinated and rushes out...
by ribonucleic
Mon Jan 25, 2021 12:32 pm
Forum: Personal Investments
Topic: How high will VTI go?
Replies: 18
Views: 1212

Re: How high will VTI go?

Godot wrote: Mon Jan 25, 2021 12:27 pmVTI will hit $4,000 on March 3rd at 10:45 am.
Now that’s actionable!
by ribonucleic
Mon Jan 25, 2021 12:27 pm
Forum: Personal Investments
Topic: How high will VTI go?
Replies: 18
Views: 1212

Re: How high will VTI go?

If you’re really in it for the long term, it will peak and crater several times before you sell.

So to be in proper Bogle Mind, you shouldn’t care.
by ribonucleic
Sun Jan 24, 2021 1:43 pm
Forum: Investing - Theory, News & General
Topic: ‘Frogs in boiling water’: Urgent warning for 50% market drop
Replies: 133
Views: 19120

Re: ‘Frogs in boiling water’: Urgent warning for 50% market drop

Is there a low-cost ETF that will let you invest in frog breeding?
by ribonucleic
Sat Jan 23, 2021 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab Bank - mediocre health rating?
Replies: 17
Views: 1932

Re: Schwab Bank health check-up: Still undercapitalized

UpperNwGuy wrote: Sat Jan 23, 2021 11:03 amWhat question are you asking that wasn't addressed in the earlier discussion in your first link?
Specifically, the likelihood or unlikelihood of Schwab committing outside resources to prop up what was (judging from the consensus opinion there) a loss leader to begin with.
by ribonucleic
Sat Jan 23, 2021 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Schwab Bank - mediocre health rating?
Replies: 17
Views: 1932

Schwab Bank health check-up: Still undercapitalized

[Thread merged into here, see below. --admin LadyGeek] Since the last discussion of the health of Schwab Bank... https://www.bogleheads.org/forum/viewtopic.php?t=318764 ... it looks like its deposit growth has dramatically improved. But its capitalization remains a below-average 7%: https://www.dep...
by ribonucleic
Sun Jan 17, 2021 1:41 pm
Forum: Personal Consumer Issues
Topic: eBay Listing Low Shipping Cost
Replies: 13
Views: 1166

Re: eBay Listing Low Shipping Cost

It’s a strange phenomenon that an item with free shipping will sell for more than the same item plus shipping. Not really. 1) Marketplace research tells us that Internet shoppers increasingly expect "free" shipping. 2) Knowing this, the eBay algorithm that determines search result placeme...
by ribonucleic
Sun Jan 17, 2021 12:43 pm
Forum: Personal Consumer Issues
Topic: Anyone have the new Apple M1 MacBook?
Replies: 28
Views: 3010

Re: Anyone have the new Apple M1 MacBook?

Any MacOS laptop users for whom portability is the main thing, the M1 MacBook Air is an absolute no-brainer purchase decision. Just get it. However, the Pro version is a question mark. It's got the same guts (though the added fan will let you run them a bit harder), still foists on you the Touch Bar...
by ribonucleic
Sun Jan 17, 2021 12:35 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1694
Views: 103130

Re: What are you listening to now

abuss368 wrote: Sat Jan 16, 2021 3:33 pm Customer service music from Apple support. I am on hold!
I work for an equally prominent tech giant and our hold music is so bad that I often apologize to callers when I have to subject them to it.
by ribonucleic
Sun Jan 17, 2021 12:34 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1694
Views: 103130

Re: What are you listening to now

Andrew Hill - Compulsion!!!!!

Hard to go wrong with 60s Blue Note.
by ribonucleic
Sat Jan 16, 2021 9:54 am
Forum: Investing - Theory, News & General
Topic: On what are you most bullish?
Replies: 266
Views: 18971

Re: On what are you most bullish?

Massive environmental destruction from global warming, with attendant international conflict.
by ribonucleic
Fri Jan 15, 2021 11:10 am
Forum: Investing - Theory, News & General
Topic: Is the portability of ETFs worth much?
Replies: 42
Views: 2315

Re: Is the portability of ETFs worth much?

Jack FFR1846 wrote: Fri Jan 15, 2021 11:06 am You much prefer mutual funds.....why?
It feels like the bid/ask spread introduces another element of avoidable risk - especially with munis.
by ribonucleic
Fri Jan 15, 2021 10:54 am
Forum: Investing - Theory, News & General
Topic: Is the portability of ETFs worth much?
Replies: 42
Views: 2315

Re: Is the portability of ETFs worth much?

David Jay wrote: Fri Jan 15, 2021 10:48 am Is this in taxable or in retirement accounts?
Taxable.
by ribonucleic
Fri Jan 15, 2021 10:45 am
Forum: Investing - Theory, News & General
Topic: Is the portability of ETFs worth much?
Replies: 42
Views: 2315

Is the portability of ETFs worth much?

I prefer mutual funds over ETFs. And I prefer Vanguard funds over those of its competitors. But... Schwab is very attractive for its physical locations and its customer service reputation. And you can’t buy Vanguard mutual funds at Schwab without paying extra. (Assuming they’re even available.) And ...
by ribonucleic
Fri Jan 15, 2021 10:14 am
Forum: Personal Investments
Topic: China still an emerging market?
Replies: 29
Views: 2386

Re: China still an emerging market?

Compare China’s infrastructure commitment with ours. Compare the quality of their educational system to ours.

Which do you think offers more potential for economic growth over the next 20 to 30 years?
by ribonucleic
Sun Jan 03, 2021 1:35 pm
Forum: Investing - Theory, News & General
Topic: Are Bogleheads dinosaurs when it comes to Bitcoin?
Replies: 270
Views: 12609

Re: Are Bogleheads dinosaurs when it comes to Bitcoin?

Data point: Buffett got very, very rich without investing in things he didn't understand.
by ribonucleic
Thu Dec 31, 2020 8:29 am
Forum: Investing - Theory, News & General
Topic: [Where are you investing your "play" money?]
Replies: 64
Views: 6858

Re: sexy money

If you’re looking for a different term, Jane Bryant Quinn called them “cocktail party investments”. That is: investments that would be interesting to bring up at a cocktail party, as opposed to your crushingly boring index funds.

Of course, now there are no more cocktail parties.
by ribonucleic
Sun Dec 27, 2020 10:09 am
Forum: Investing - Theory, News & General
Topic: Is this bank saying “We don’t want your money”?
Replies: 15
Views: 3158

Is this bank saying “We don’t want your money”?

Rockland Trust Bank in Massachusetts is currently paying 0.01% on any non-CD savings deposit less than $50,000. It also has this eye-opening caution: “The APY for each balance tier in your Rockland Trust Money Market Savings Account will apply to the entire balance - for example, if you have a daily...
by ribonucleic
Fri Dec 18, 2020 10:58 am
Forum: Investing - Theory, News & General
Topic: Alternatives to TreasuryDirect for holding Treasuries?
Replies: 22
Views: 1397

Alternatives to TreasuryDirect for holding Treasuries?

Let’s just say I’m not as confident in the cyber-security of TreasuryDirect as I used to be... Vanguard offers “commission-free trades on new Treasury securities” but “auctions held 4 times a year”? https://investor.vanguard.com/investing/online-trading/buy-sell-bonds Do any competing firms match th...
by ribonucleic
Thu Jul 25, 2019 5:51 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Expands Their Index Fund Lineup
Replies: 70
Views: 11907

Re: Fidelity Expands Their Index Fund Lineup

I can find no indication of how many different bonds are held by FMBIX.

I was hoping it would rival the 8,621 held by Vanguard Intermediate-Term Tax-Exempt (VWIUX).