Search found 2281 matches

by drk
Wed Apr 14, 2021 10:35 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4555
Views: 228685

Re: [GameStop GME trading mega-thread]

health teacher wrote: Wed Apr 14, 2021 7:29 pm I can't read the article due to a paywall
It's a podcast episode, so you can find it on whatever podcast platform you prefer.
by drk
Wed Apr 14, 2021 6:26 pm
Forum: Personal Investments
Topic: Will Inflation pay off my home?
Replies: 28
Views: 3282

Re: Will Inflation pay off my home?

m@ver1ck wrote: Tue Apr 13, 2021 9:28 pm Can I use leverage to my advantage?
Yes, you can. If you expect inflation to run high, and home prices to continue increasing, do a cash-out refinance.
by drk
Wed Apr 14, 2021 6:08 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4555
Views: 228685

Re: [GameStop GME trading mega-thread]

a possible connection between S3 partners and Citadel through Knight Capital Group Holdings. FWIW, this is like saying they have a possible connection to the NYSE. The post also goes into detail about "dark pools" and other things I have no knowledge of. The phrase "dark pools" ...
by drk
Wed Apr 14, 2021 11:52 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14450
Views: 1111811

Re: U.S. stocks continue to soar!

Vtsax100 wrote: Wed Apr 14, 2021 10:00 am S&P is up 240% annualized this morning. :twisted:
This is SPAC-Man math, and I love it.
by drk
Tue Apr 13, 2021 3:55 pm
Forum: Personal Investments
Topic: What is EDV distributing?
Replies: 19
Views: 977

Re: What is EDV distributing?

The principle portion also pays out interest as well. Specifically, Original Issue Discount (OID). You buy the 30 year zero coupon bond at a discount. I mean, that is the only way you are going to get a return. While there are no cash flows for those 30 years the IRS requires you to amortize that i...
by drk
Tue Apr 13, 2021 3:34 pm
Forum: Personal Investments
Topic: What is EDV distributing?
Replies: 19
Views: 977

Re: What is EDV distributing?

I thought the P in STRIP was for "Principal". Why would a fund own the principal and interest components separately when it could just buy the non-STRIP-ed version -- wouldn't owning both just make it a long term fund? Sure, but the 'I' in STRIP stands for "Interest". The differ...
by drk
Tue Apr 13, 2021 2:20 pm
Forum: Personal Investments
Topic: What is EDV distributing?
Replies: 19
Views: 977

Re: What is EDV distributing?

It holds both parts of the STRIPS (principal and coupon), so wouldn't the coupon parts pay out income?
by drk
Tue Apr 13, 2021 10:17 am
Forum: Personal Consumer Issues
Topic: BOA Premium Rewards vs. United Explorer -- which to keep?
Replies: 11
Views: 625

Re: BOA Premium Rewards vs. United Explorer -- which to keep?

The big question is, when can I cancel the Explorer card.The mileage bonus is showing in my account, but I really don't want miles to get deducted if I cancel the card. Don't cancel until you hit your card anniversary. There's no benefit to canceling before then, so it's not worth getting on Chase'...
by drk
Tue Apr 13, 2021 10:15 am
Forum: Personal Consumer Issues
Topic: BOA Premium Rewards vs. United Explorer -- which to keep?
Replies: 11
Views: 625

Re: BOA Premium Rewards vs. United Explorer -- which to keep?

I would keep the Premium Rewards and downgrade the United to the no-annual-fee option.
by drk
Sun Apr 11, 2021 11:35 am
Forum: Personal Investments
Topic: Effective tax rate 40%+ Sanity check on strategy for tax efficient investing
Replies: 55
Views: 4245

Re: Effective tax rate 40%+ Sanity check on strategy for tax efficient investing

Tingting1013 wrote: Sun Apr 11, 2021 11:22 am If you do the math on IXUS, its tax cost is 0.5% for the OP, same as for VTSAX. VTIAX / VXUS is something crazy like 0.75%

Agree on SCHV
Interesting. When I did the math in 2019, IXUS had a higher tax cost than VTI. I'll have to update the old spreadsheet.
by drk
Sun Apr 11, 2021 11:21 am
Forum: Personal Investments
Topic: Effective tax rate 40%+ Sanity check on strategy for tax efficient investing
Replies: 55
Views: 4245

Re: Effective tax rate 40%+ Sanity check on strategy for tax efficient investing

1. Hold all of your international in taxable. [...] 3. Hold as much Value stock as possible in 401k/IRA 4. Hold an equal amount as #3 in Growth stock in taxable. It seems like these are counter-productive given OP's tax situation. I'm in a lower bracket with no state income taxes, and the tax costs...
by drk
Sat Apr 10, 2021 2:57 pm
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 90
Views: 9025

Re: “Buy and Hold No More” says A16Z

Disclaimers notwithstanding, the firm is talking its book: Andreesen Horowitz is an investor in many of these disruptive fintech companies that hope to fill the active trading role in individual portfolios. Oddly, it's also a lead investor in the new Long-Term Stock Exchange, which aims to enforce &...
by drk
Sat Apr 10, 2021 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Favorite Boglehead-ish Podcasts?
Replies: 25
Views: 2143

Re: Favorite Boglehead-ish Podcasts?

Rational Reminder (Cameron Passmore and Ben Felix)
Choiceology (Katie Milkman via Charles Schwab)

Editing to add: search also turns up other podcast recommendation threads, e.g., viewtopic.php?t=322778
by drk
Sat Apr 10, 2021 2:30 pm
Forum: Personal Consumer Issues
Topic: Which Credit Card to Get for Travel to Hawaii (looking for a bonus offer)
Replies: 19
Views: 1732

Re: Which Credit Card to Get for Travel to Hawaii (looking for a bonus offer)

BofA Alaska Airlines: good mileage bonuses, companion fare (works for Hawaii), and non-stop routes from SFO to Oahu and Maui.
by drk
Sat Apr 10, 2021 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Theory: The Only Four Situations Justifying Debt
Replies: 103
Views: 7009

Re: Theory: The Only Four Situations Justifying Debt

There are way more than four situations in the OP, and they could all be distilled: only take out debt if you can reasonably justify it.
by drk
Fri Apr 09, 2021 10:31 pm
Forum: Personal Investments
Topic: Protect savings from imminent inflation?
Replies: 29
Views: 2946

Re: Protect savings from imminent inflation?

Global equities, TIPS, cash, and fixed-rate debt.

Bitcoin? Needs data.

Gold? Despite the folklore, it doesn't work.
by drk
Fri Apr 09, 2021 10:23 pm
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 238
Views: 47014

Re: who here is tempted to pullback on stocks?

It doesn't matter if you're investing for legacy reasons or for your own retirement: increasing risk as time goes by is a backward approach. In any event, it's a 5% difference, so it isn't going to matter much in the long run. You just seem to be overthinking this. It's called a rising glide path: ...
by drk
Fri Apr 09, 2021 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 420
Views: 51259

Re: Tales from this insane real estate market

For those interested, a pair of worthwhile blog posts on why this isn't a housing bubble: Calculated Risk: Is there a new housing bubble? ("From a historical perspective, house prices are high. But lending standards have been solid, and we haven't seen significant speculation - so I wouldn't ca...
by drk
Fri Apr 09, 2021 7:58 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14450
Views: 1111811

Re: U.S. stocks continue to soar!

Stinky wrote: Fri Apr 09, 2021 7:51 pm S&P rose by 22 points in the last trading hour of a no news Friday.

I’m fine with calling that a “melt up”.
It's different than I've seen the phrase used in the past (an accelerating rise that may be a precursor to a crash), but whatever floats your truck boat. :beer
by drk
Fri Apr 09, 2021 7:53 pm
Forum: Personal Investments
Topic: Simplicity over Small Cap Value
Replies: 85
Views: 5913

Re: Simplicity over Small Cap Value

People who have anxiety will suffer regardless of number of allocations so I reject these so-called benefit for the normal investor and suggest that it won't matter for the anxious fringe. This begs the question. If you're not open to any answers, I don't understand why you asked the question in th...
by drk
Fri Apr 09, 2021 7:45 pm
Forum: Personal Investments
Topic: Simplicity over Small Cap Value
Replies: 85
Views: 5913

Re: Simplicity over Small Cap Value

How can there be much benefit to the simplicity of eliminating ONE fund? It depends on the individual. The OP tends towards anxiety and overthinking , which is borne out by the flurry of posts asking for portfolio advice. In this case, getting started at 18 with an extremely simple one-fund portfol...
by drk
Fri Apr 09, 2021 7:28 pm
Forum: Investing - Theory, News & General
Topic: Beat the market by only holding after hours
Replies: 56
Views: 3329

Re: Beat the market by only holding after hours

David Jay wrote: Fri Apr 09, 2021 3:37 pm I read the article as saying that buy-and-hold outperforms day-trading( i.e. closing all positions each day).
I agree, with the possible corollary that intra-day swing trading has an expected return around 0%.
by drk
Fri Apr 09, 2021 7:15 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14450
Views: 1111811

Re: U.S. stocks continue to soar!

Is "melt up" the new "backing up the truck"? I see a mini-rally into the close for a gain of less than 1% on a low-volume day.
by drk
Fri Apr 09, 2021 6:25 pm
Forum: Investing - Theory, News & General
Topic: Real Return Fakers & Quitting Investing For Good
Replies: 51
Views: 5253

Re: Real Return Fakers & Quitting Investing For Good

GG1273 wrote: Fri Apr 09, 2021 5:19 pm I'll have to dig around for it but remember seeing that 50/50 Wellington / Wellesley returns just over 8% over life of Wellesley which began in 1970
This is only since 1985, but 10% CAGR with a max drawdown of ~26% seems pretty good.
by drk
Fri Apr 09, 2021 6:11 pm
Forum: Investing - Theory, News & General
Topic: FSMAX Shows 6% Loss Today?
Replies: 39
Views: 2490

Re: FSMAX Shows 6% Loss Today?

Could the big distribution have something to do with TSLA entering the S&P500? That's what I was thinking. I wonder if we'll see a big capital gain distribution. :oops: I should have finished reading: OK, it appears that a long-term capital gain of 5.288 was distributed today. That is enormous,...
by drk
Thu Apr 08, 2021 10:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14450
Views: 1111811

Re: U.S. stocks continue to soar!

Hyperchicken wrote: Thu Apr 08, 2021 10:06 pm I am not sure how this can possibly be true or even make sense. Are they saying that from 1993 to 2018, S&P 500 never had gains during market hours, ever?

P.S. I haven't read the story.
No, of course not. Think net cumulative gains, not individual days. Check out the article.
by drk
Thu Apr 08, 2021 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Which credit unions offer deposit accounts paying more than 3% interest?
Replies: 80
Views: 7616

Re: Which credit unions offer deposit accounts paying more than 3% interest?

As a security measure some of the credit unions I am a member of do not show you your account number while logged in online. You’re supposed to call them to ask for the number if you didn’t keep it written down elsewhere when they provided it upon sign-up. If you sign up online for a credit union o...
by drk
Thu Apr 08, 2021 5:36 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14450
Views: 1111811

Re: U.S. stocks continue to soar!

AerialWombat wrote: Thu Apr 08, 2021 5:18 pm Ha, I've never thought about that before. That explains why the open doesn't match the prior close?
From 1993 to 2018, all of the S&P 500's price gains came in the overnight session (NYT story). It's pretty interesting, but that's when the news happens, after all.
by drk
Thu Apr 08, 2021 5:26 pm
Forum: Personal Investments
Topic: How to lose the desire of outperforming the market?
Replies: 112
Views: 7055

Re: How to lose the desire of outperforming the market?

I'm 30 years old and started investing in November 2019. [...] But I'm still left with that urge to add just another 1%/year in returns. How can I lose this? Make more money. Your human capital is worth more than your investments are. Just improving your skills can increase your annual alpha by way...
by drk
Thu Apr 08, 2021 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Which credit unions offer deposit accounts paying more than 3% interest?
Replies: 80
Views: 7616

Re: Which credit unions offer deposit accounts paying more than 3% interest?

bitdocmd wrote: Wed Apr 07, 2021 9:35 pm whether they can get over 3% on their hard-earned wealth without putting their savings at risk
C'mon. Getting 3% (about 1% real) for taking no risk is unnatural.
by drk
Thu Apr 08, 2021 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Which credit unions offer deposit accounts paying more than 3% interest?
Replies: 80
Views: 7616

Re: Which credit unions offer deposit accounts paying more than 3% interest?

I have Evansville (through liberty.financial), but no way to find my account number. When I sent them a secure message asking how i can find it, they said I had to call in to obtain my account number. Same. I'm beginning to suspect that they make things intentionally difficult in order to deter fol...
by drk
Tue Apr 06, 2021 3:41 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14450
Views: 1111811

Re: U.S. stocks continue to soar!

MishkaWorries wrote: Tue Apr 06, 2021 3:38 pm Told ya :(
I appreciate it. My 401k contribution will be invested today.
by drk
Tue Apr 06, 2021 3:36 pm
Forum: Personal Consumer Issues
Topic: No foreign fee, reimburse atm fee cards besides Schwab?
Replies: 33
Views: 2063

Re: No foreign fee, reimburse atm fee cards besides Schwab?

As for reimbursements are you also saying you are not a high level client (one of the ones listed on their website) and get reimbursements? The FAQ you shared above is confusingly worded. CMA customers always get ATM fee reimbursements (see the actual detail page ). If you want to learn more, feel ...
by drk
Tue Apr 06, 2021 1:11 am
Forum: Investing - Theory, News & General
Topic: Five Factor Investing with ETFs
Replies: 59
Views: 4665

Re: Five Factor Investing with ETFs

DanFFA wrote: Tue Apr 06, 2021 1:01 am 45% VTI
22% VEA
14% AVUV
11% IEMG (or other emerging markets etf)
8% AVDV
If someone wants to use this, they should swap IEMG for VWO, SPEM, or SCHE if they don't intend to overweight Korean stocks.
by drk
Mon Apr 05, 2021 10:55 pm
Forum: Personal Consumer Issues
Topic: No foreign fee, reimburse atm fee cards besides Schwab?
Replies: 33
Views: 2063

Re: No foreign fee, reimburse atm fee cards besides Schwab?

Seems only high level clients get reimbursements. And seems to say they do charge a 1% fee This has been covered so many times on this board. I can attest from personal experience as a non-high-level client that there is no foreign transaction fee. This is great information sir, I guess I'll just c...
by drk
Mon Apr 05, 2021 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else see drastic increase in Zillow value today?
Replies: 132
Views: 12688

Re: Anyone else see drastic increase in Zillow value today?

It looks like Zillow's estimate for my house did increase about 1%. Sunday night must be when they run their model updates. As of 4/5/21, the diff btwn Zillow and Redfin on my home is $80k in total value. Zillow higher Mine is exactly the opposite: Redfin's estimate is $80k higher than Zillow's. Jud...
by drk
Mon Apr 05, 2021 7:14 pm
Forum: Personal Consumer Issues
Topic: No foreign fee, reimburse atm fee cards besides Schwab?
Replies: 33
Views: 2063

Re: No foreign fee, reimburse atm fee cards besides Schwab?

vu8 wrote: Mon Apr 05, 2021 7:10 pm I know fidelity has cash management, and it does reimburses atm fees, but Fidelity charges a 1% foreign transaction fee.
Fidelity does not charge a foreign transaction fee on ATM withdrawals, only on purchases. It also reimburses ATM fees daily, whereas IIRC Schwab does so monthly.
by drk
Sun Apr 04, 2021 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Young, Uninformed Home Buyer with Cash
Replies: 17
Views: 1982

Re: Young, Uninformed Home Buyer with Cash

To be frank, it would be nice if you broke up the wall of text. Note that a credit score is not an end in itself. If you have never needed credit, and will likely never need credit, it's not doing much for you. At the margin, there may be some industries/jobs where it matters, but software developme...
by drk
Sun Apr 04, 2021 4:51 pm
Forum: Personal Investments
Topic: Suitable substitute for VOO
Replies: 27
Views: 1592

Re: Suitable substitute for VOO

But if I went the VFIAX route through Vanguard, once I invested the minimum I could purchase fractional shares, correct? Yes. You would be able to purchase more in whatever dollar amounts you like. If you wanted to, you could buy $3k on day one, sell $2k on day two, then set up automatic daily inve...
by drk
Sun Apr 04, 2021 4:28 pm
Forum: Personal Investments
Topic: Suitable substitute for VOO
Replies: 27
Views: 1592

Re: Suitable substitute for VOO

through Vanguard I can only buy full shares and right now I do not have enough disposable income to invest $360+ each month. [...] Downside to both is a $3k minimum investment which I could easily match transferring assets from my VWINX fund The obvious solution is to sell some VWINX to buy VFIAX (...
by drk
Sun Apr 04, 2021 2:33 pm
Forum: Personal Investments
Topic: Can you and should you buy Coinbase shares when it is IPO in Vanguard IRA accounts ?
Replies: 44
Views: 4242

Re: Can you and should you buy Coinbase shares when it is IPO in Vanguard IRA accounts ?

Aren't they doing a direct listing? The first few days will likely have some swings as traders work out an appropriate price, which may or may not be close to the reference price when trading starts.
by drk
Sun Apr 04, 2021 2:11 pm
Forum: Investing - Theory, News & General
Topic: Is Cash Trash now?
Replies: 51
Views: 4594

Re: Is Cash Trash now?

newyorker wrote: Sun Apr 04, 2021 2:00 pm Too much of a chicken to lumpsum money... im such a chicken...
If you're looking for something to buy, maybe check out the books on the Behavioral Pitfalls wiki entry. You could probably get them for free from the library, but that wouldn't help you use the cash.
by drk
Sun Apr 04, 2021 12:44 pm
Forum: Investing - Theory, News & General
Topic: Incredible stock market gains the past year - probably due for a major pullback
Replies: 89
Views: 10813

Re: Incredible stock market gains the past year - probably due for a major pullback

Since the start of 2020, VTSAX has returned 29.5%. That's pretty good, but it's actually less than the 30.7% it returned in 2019. As others have noted, we had a bear market in 2020, so I'm not sure how we're "due for a major pullback" again.
by drk
Sat Apr 03, 2021 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: A true zero wire transfer fee option
Replies: 22
Views: 1856

Re: A true zero wire transfer fee option

Fidelity CMA (cash management account) has debit cards, ACH/EFT, and no incoming or outgoing wire fees. It's not a "checking" account, but it's "like" a checking account. https://www.fidelity.com/cash-management/bank-wires Fidelity offers free wire transfers for all brokerage ac...
by drk
Sat Apr 03, 2021 2:32 pm
Forum: Investing - Theory, News & General
Topic: CITs in 401K
Replies: 1
Views: 210

Re: CITs in 401K

Yes, they're safe. You can find more info on the CIT wiki entry or the many threads of people asking about them.
by drk
Sat Apr 03, 2021 1:11 pm
Forum: Investing - Theory, News & General
Topic: Ibond really a good vehicle against inflation
Replies: 56
Views: 4760

Re: Ibond really a good vehicle against inflation

That's really, really hard to compare a single item especially on Amazon. Prices swing on Amazon all the time. Right. Changes in the prices of individual items is not indicative of inflation, and these both swing a fair amount: 1. Boxers: https://camelcamelcamel.com/product/B00G99WYX2 2. Cushion: h...
by drk
Sat Apr 03, 2021 12:18 pm
Forum: Investing - Theory, News & General
Topic: What is so great about dividends? Alot of misinformation?
Replies: 219
Views: 44433

Re: What is so great about dividends? Alot of misinformation?

Non-dividend paying stock isn't really all that different from Bitcoin or Pokemon Cards. It relies on the Greater Fool theory. ...when you buy a stock that doesn't pay a dividend, that is not an investment, that is a speculation ...(b)ecause the only way you can make money is it has to go up. --- K...
by drk
Fri Apr 02, 2021 3:04 pm
Forum: Personal Consumer Issues
Topic: Clarify Marriott's "pausing" of their points expiration policy
Replies: 1
Views: 381

Re: Clarify Marriott's "pausing" of their points expiration policy

(c) Starting on 8/1/21, if you didn’t have any activity in the previous 24 months (i.e., since 8/1/19), all of your points immediately expire. I have not spoken to Marriott, but that seems like the only possible reading of this FAQ: Points Expiration: To provide you ample time to redeem points, the...
by drk
Fri Apr 02, 2021 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Witholding for Dummies (RSU edition)
Replies: 3
Views: 276

Re: Witholding for Dummies (RSU edition)

I have the same issue. Rather than increasing my withholding, I started paying estimated taxes over the course of the year. Doing so with a credit card (as in this primer by whodidntante ) is a good way to take advantage of 0% APR offers, meet minimum spend requirements, and use quarterly Paypal bon...
by drk
Fri Apr 02, 2021 10:01 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14450
Views: 1111811

Re: U.S. stocks continue to soar!

I think the question might be, if unemployment drops quicker than expected, that might cause the Fed to raise interest rates earlier vs later, which would hurt TINA, which in turn might hurt stocks. But if the economy is doing nicely, maybe stocks can do nicely without TINA. Right. According to thi...