Search found 7906 matches

by JBTX
Wed May 05, 2021 3:41 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2840
Views: 280547

Re: [What TV Show Have You Recently Watched?]

Watched "The first", starring Sean Penn, a mini series on Hulu about astronauts preparing to go to Mars. Not great, but pretty good, I enjoyed it. I'd agree with Rotten Tomatoes 65%.
by JBTX
Wed May 05, 2021 11:23 am
Forum: Investing - Theory, News & General
Topic: Prove Me Wrong: Cryptocurrencies are NOT good investments
Replies: 625
Views: 30789

Re: Prove Me Wrong: Cryptocurrencies are NOT good investments

It's hard to understand anything outside of our experience. That's why if you experience crypto you have a better chance of understanding it. Capital markets as we know them are changing. Markets were once primarily traded in force. There were no written contracts, or courts. Those are actually rel...
by JBTX
Tue May 04, 2021 9:06 pm
Forum: Investing - Theory, News & General
Topic: Prove Me Wrong: Cryptocurrencies are NOT good investments
Replies: 625
Views: 30789

Re: Prove Me Wrong: Cryptocurrencies are NOT good investments

It's hard to understand anything outside of our experience. That's why if you experience crypto you have a better chance of understanding it. Capital markets as we know them are changing. Markets were once primarily traded in force. There were no written contracts, or courts. Those are actually rel...
by JBTX
Tue May 04, 2021 2:14 pm
Forum: Investing - Theory, News & General
Topic: Your Cash Strategy: Is There A Difference Between Cash in a Brokerage Account vs Cash in a Checking Account?
Replies: 18
Views: 1871

Re: Your Cash Strategy: Is There A Difference Between Cash in a Brokerage Account vs Cash in a Checking Account?

I don't have cash in brokerage accounts, except for small amounts that are a residual or trades, dividends, etc. Almost all cash is in bank accounts, Fdic insured, some of them higher yield. Where/when the opportunity exists I buy ibonds with excess cash.
by JBTX
Tue May 04, 2021 2:04 pm
Forum: Investing - Theory, News & General
Topic: Prove Me Wrong: Cryptocurrencies are NOT good investments
Replies: 625
Views: 30789

Re: Prove Me Wrong: Cryptocurrencies are NOT good investments

Dog-coin en fuego!

If anything speaks to the excesses of crypto, it is the success of Dog-coin.
by JBTX
Tue May 04, 2021 10:41 am
Forum: Personal Investments
Topic: 401k with limited options
Replies: 20
Views: 1115

Re: 401k with limited options

Option D

Put your bond allocation in ibonds. Keep Roth all stocks.
by JBTX
Mon May 03, 2021 2:25 pm
Forum: Investing - Theory, News & General
Topic: 401k admin fees reduced - never hurts to ask
Replies: 22
Views: 1670

Re: 401k admin fees reduced - never hurts to ask

So I assume they are passing fees on to the 401k participants. That really seems silly. I'm guessing total fees are about $5000. That's not that much to the employer, and the employer would get a tax deduction if they absorbed the fees. I think it is standard for 401k plans to charge administrative...
by JBTX
Mon May 03, 2021 11:42 am
Forum: Investing - Theory, News & General
Topic: 401k admin fees reduced - never hurts to ask
Replies: 22
Views: 1670

Re: 401k admin fees reduced - never hurts to ask

How big (in terms of # of employees) is your employer? I've seen that small businesses can sometimes have brutal 401(k) fees just because of the lack of economies of scale. 150 - 200 So I assume they are passing fees on to the 401k participants. That really seems silly. I'm guessing total fees are ...
by JBTX
Sun May 02, 2021 8:33 pm
Forum: Investing - Theory, News & General
Topic: Prove Me Wrong: Cryptocurrencies are NOT good investments
Replies: 625
Views: 30789

Re: Prove Me Wrong: Cryptocurrencies are NOT good investments

Charlie Munger not a fan: https://www.marketwatch.com/story/charlie-munger-says-bitcoins-rise-disgusting-and-contrary-to-interests-of-civilization-11619978483?mod=homepage ‘Of course, I hate the bitcoin success and I don’t welcome a currency that’s useful to kidnappers and extortionists, and so fort...
by JBTX
Sun May 02, 2021 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: What is the maximum amount I should spend on financial gambling?
Replies: 79
Views: 5736

Re: What is the maximum amount I should spend on financial gambling?

I have always had an interest in financial gambling (i.e. gambling using the financial markets, instead of casinos or racetracks). I day trade futures, holding positions for at most 20 seconds. I treat it as exciting entertainment. Is there a general guideline on the maximum percentage of my dispos...
by JBTX
Sun May 02, 2021 1:04 am
Forum: Personal Consumer Issues
Topic: Questions for New York Times Subscribers
Replies: 42
Views: 3310

Re: Questions for New York Times Subscribers

Three words: Browser privacy mode.
by JBTX
Sat May 01, 2021 7:33 pm
Forum: Investing - Theory, News & General
Topic: Prove Me Wrong: Cryptocurrencies are NOT good investments
Replies: 625
Views: 30789

Re: Prove Me Wrong: Cryptocurrencies are NOT good investments

A hot take I'm inclined to agree with (notwithstanding my $550 crypto holdings)

https://youtu.be/HaJpYjO136o
by JBTX
Sat May 01, 2021 5:59 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6656
Views: 1459811

Re: What Movie Have You Recently Watched?

I just watched Moneyball based on the book by Michael Lewis. It’s a great story how, in 2002, the General Manager of the Oakland As used statistical analysis to build a low budget baseball team. One interesting exchange between the GM and the team’s scouts involves how the scouts look at batting av...
by JBTX
Sat May 01, 2021 2:45 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1677
Views: 101320

Re: What are you listening to now

Massive Attack - 100th Window Album I still love their hypnotic beats, synth sounds and laid back vocals. I had no idea who they were until some years ago. I think I Shazamed one of their songs on a TV series. Since then realized they are quite frequently used on a lot of movie soundtracks and TV s...
by JBTX
Sat May 01, 2021 1:47 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1677
Views: 101320

Re: What are you listening to now

My musical tastes have kind of changed over the years, starting with 70's and 80's rock, then shifting to new wave, then alternative. Later to electronic and trance, and then Bass nectar. A band for many years I never got was Radiohead. Now oddly I am liking them more and more. As much of music is b...
by JBTX
Sat May 01, 2021 1:38 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1677
Views: 101320

Re: What are you listening to now

Massive Attack - 100th Window Album I still love their hypnotic beats, synth sounds and laid back vocals. I had no idea who they were until some years ago. I think I Shazamed one of their songs on a TV series. Since then realized they are quite frequently used on a lot of movie soundtracks and TV s...
by JBTX
Sat May 01, 2021 1:12 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2840
Views: 280547

Re: [What TV Show Have You Recently Watched?]

We have recorded but not yet watched the new Winslet HBO police drama. I was hoping that it might be a refreshing change. "City on a Hill" season 2 was so bad that even the hilarity that is Kevin Bacon couldn't save it for us. It went beyond woke, to it made me choke. It seems in recent y...
by JBTX
Sat May 01, 2021 12:29 am
Forum: Personal Investments
Topic: Is it bad to have too much in a emergency fund
Replies: 188
Views: 17265

Re: Is it bad to have too much in a emergency fund

But the premise of the emergency fund is flawed. No it isn't flawed. It is just a different construct. The assertion that you have to have a uniform percent allocation of stocks across all liquid assets is a construct. Call it construct A. It isn't right or wrong. The premise that you may want to e...
by JBTX
Sat May 01, 2021 12:28 am
Forum: Personal Investments
Topic: Is it bad to have too much in a emergency fund
Replies: 188
Views: 17265

Re: Is it bad to have too much in a emergency fund

Is it bad to have too much in a emergency fund As the question is constructed, yes, by definition, if you have "too much", that is bad. But defining what is "too much" is very dependent on an individuals perception of risk. For some 6 months might be "too much". For ot...
by JBTX
Sat May 01, 2021 12:23 am
Forum: Personal Investments
Topic: Is it bad to have too much in a emergency fund
Replies: 188
Views: 17265

Re: Is it bad to have too much in a emergency fund

I am moving my EF from savings and CDs to I Bonds, to reduce the cash drag. But the premise of the emergency fund is flawed. No it isn't flawed. It is just a different construct. The assertion that you have to have a uniform percent allocation of stocks across all liquid assets is a construct. Call...
by JBTX
Sat May 01, 2021 12:12 am
Forum: Personal Investments
Topic: Is it bad to have too much in a emergency fund
Replies: 188
Views: 17265

Re: Is it bad to have too much in a emergency fund

I am moving my EF from savings and CDs to I Bonds, to reduce the cash drag. But the premise of the emergency fund is flawed. No it isn't flawed. It is just a different construct. The assertion that you have to have a uniform percent allocation of stocks across all liquid assets is a construct. Call...
by JBTX
Fri Apr 30, 2021 6:02 pm
Forum: Personal Investments
Topic: Friend's Father's Financial Advisor - 100% Bonds Last 10 Years
Replies: 42
Views: 5253

Re: Friend's Father's Financial Advisor - 100% Bonds Last 10 Years

Money_Badger wrote: Fri Apr 30, 2021 1:10 pm Your friend's father doesn't sound too bright ...nor does his advisor, so it's a marriage made in heaven.
There are many otherwise intelligent people out there who believe far crazier stuff than this. I'll just leave it at that.
by JBTX
Fri Apr 30, 2021 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Insurance Professionals [Credit-score based premiums]
Replies: 7
Views: 772

Re: Question for Insurance Professionals

You might try the insurance company, and ask to speak to their credit department. That's what I did with progressive auto years ago. I called because our 6 mo premium went up $100-$200 for seemingly no other reason. In talking to the rep, they had credit categories. Previously I was in the top, but ...
by JBTX
Fri Apr 30, 2021 2:02 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6656
Views: 1459811

Re: What Movie Have You Recently Watched?

Stowaway - Netflix - Sci fi about a Mars trip. Not great but pretty good. Slow and thoughtful. No ridiculous action sequences High Life - amazon - Sci about a prison ship heading towards a black hole. One of those critics liked and viewers didn't on rotten tomatoes. I'm kind of torn. It wasn't reall...
by JBTX
Fri Apr 30, 2021 8:28 am
Forum: Personal Investments
Topic: How to transition my portfolio towards a more efficient portfolio?
Replies: 31
Views: 3007

Re: How to transition my portfolio towards a more efficient portfolio?

How can you be in zero bracket? What are you living on? I'm living on Qualified dividends + Capital gains, and living rent free. And thanks for the information. OK. Then you could definitely "tax gains harvest". Realize capital gains up to the 0% limit. Either that, and or do Roth convers...
by JBTX
Thu Apr 29, 2021 8:55 pm
Forum: Personal Investments
Topic: How to transition my portfolio towards a more efficient portfolio?
Replies: 31
Views: 3007

Re: How to transition my portfolio towards a more efficient portfolio?

I'm not sure the theoretical benefits of international in taxable or bonds in tax deferred is worth a lot of manipulation causing capital gain recognition. I personally don't think it is. How can you be in zero bracket? What are you living on? It may be worth it to consider Roth conversions up to 12...
by JBTX
Thu Apr 29, 2021 12:49 pm
Forum: Investing - Theory, News & General
Topic: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?
Replies: 747
Views: 40083

Re: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?

https://www.statista.com/statistics/710680/global-stock-markets-by-country/ US has about 56% of world stock market capitalization, 16% of world GDP and about 4% of the world population. That just doesn't seem sustainable to me. https://madison.com/business/investment/markets-and-stocks/14-fascinatin...
by JBTX
Wed Apr 28, 2021 4:34 pm
Forum: Investing - Theory, News & General
Topic: What reasons are there to invest in a Roth IRA before maxing out a 401K?
Replies: 51
Views: 3012

Re: What reasons are there to invest in a ROTH IRA before maxing out a 401K?

I always maxed a 401K to the company match, then did my Roth IRA. This was before Roth 401Ks existed. Why? - More investment choices. - No fees. - Easy access to funds if I wanted to move them. Do companies match your 401K all the way up til the limit, i.e. $19.5k, or does it stop at some point? I ...
by JBTX
Wed Apr 28, 2021 3:42 pm
Forum: Investing - Theory, News & General
Topic: Where's a good place to view margin estimates?
Replies: 11
Views: 733

Re: Where's a good place to view margin estimates?

I invest mainly in index and other low fee funds. Not individual stocks. But even if one did, I can't possibly fathom what sort of actionable info you can glean from margin, as if nobody else has thought about it. Margin is often a number people look at if they want to find a positive story when ea...
by JBTX
Wed Apr 28, 2021 12:21 pm
Forum: Investing - Theory, News & General
Topic: Where's a good place to view margin estimates?
Replies: 11
Views: 733

Re: Where's a good place to view margin estimates?

Exactly what is "margin" going to tell you? Seriously? Good luck with your portfolio. I invest mainly in index and other low fee funds. Not individual stocks. But even if one did, I can't possibly fathom what sort of actionable info you can glean from margin, as if nobody else has thought...
by JBTX
Tue Apr 27, 2021 11:36 pm
Forum: Investing - Theory, News & General
Topic: Where's a good place to view margin estimates?
Replies: 11
Views: 733

Re: Where's a good place to view margin estimates?

Exactly what is "margin" going to tell you? It isn't going to be exactly consistent across companies and especially across industries.
by JBTX
Tue Apr 27, 2021 11:05 pm
Forum: Investing - Theory, News & General
Topic: Prove Me Wrong: Cryptocurrencies are NOT good investments
Replies: 625
Views: 30789

Re: Prove Me Wrong: Cryptocurrencies are NOT good investments

It's hard to understand anything outside of our experience. That's why if you experience crypto you have a better chance of understanding it. Capital markets as we know them are changing. Markets were once primarily traded in force. There were no written contracts, or courts. Those are actually rel...
by JBTX
Tue Apr 27, 2021 7:41 pm
Forum: Personal Investments
Topic: Please evaluate and consider questions
Replies: 2
Views: 382

Re: Please evaluate and consider questions

• Should I take margin loan for tax bill and/or addition? • Is this a stock heavy portfolio for someone at my age? • Is the investment mix proper? • I didn’t put down the expense ratios – but all are small except for TAN which is about a half a percent. -margin loan? No on both counts - asset alloc...
by JBTX
Tue Apr 27, 2021 7:29 pm
Forum: Investing - Theory, News & General
Topic: Young Investor's Over Confidence
Replies: 144
Views: 10894

Re: Young Investor's Over Confidence

Congratulations are in order to all the Millennials and Gen Z that started or are all on their way to financial independence. I am decades long investor and a Boglehead for quite some time. I have noticed many posts about a million dollar threshold and are considering loosen up on their savings and...
by JBTX
Tue Apr 27, 2021 5:54 pm
Forum: Personal Investments
Topic: Roth-IRA conversion for 83 year old widow?
Replies: 66
Views: 4410

Re: Roth-IRA conversion for 83 year old widow?

She comes out ahead at the same tax rate, because the Roth effectively tax-defers more money, and because RMDs force money out of the account. Exactly. Furthermore, although we don't know for sure it's hard to imagine that tax rates don't go higher over the next 20 years as well. My instinct is tha...
by JBTX
Tue Apr 27, 2021 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Job Exit Interview
Replies: 83
Views: 7779

Re: Job Exit Interview

Agree, just keep it pleasant. You never know, you could get bored in retirement, and decide to work consulting, either for the company, or else somewhere else such that references and connections could be helpful.
by JBTX
Tue Apr 27, 2021 5:12 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 234693

Re: [GameStop GME trading mega-thread]

So what is the most recent narrative of why a dying brick and mortor store chain that has never had eps as high as $4 per share is worth $175? Are they still squeezing shorts? Will the short squeeze never end? Maybe you aren't aware there's someone named Ryan Cohen who has a vision to completely re...
by JBTX
Tue Apr 27, 2021 4:56 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 234693

Re: [GameStop GME trading mega-thread]

So what is the most recent narrative of why a dying brick and mortor store chain that has never had eps as high as $4 per share is worth $175? Are they still squeezing shorts? Will the short squeeze never end? Maybe you aren't aware there's someone named Ryan Cohen who has a vision to completely re...
by JBTX
Tue Apr 27, 2021 4:51 pm
Forum: Personal Investments
Topic: Investment strategy for my 88 year old mom
Replies: 14
Views: 1416

Re: Investment startegy for my 88 year old mom

What are her goals? Keep the money safe for her, or grow it for the next generation?

I'd be inclined to invest it VERY conservatively.
by JBTX
Tue Apr 27, 2021 4:48 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 234693

Re: [GameStop GME trading mega-thread]

So what is the most recent narrative of why a dying brick and mortor store chain that has never had eps as high as $4 per share is worth $175? Are they still squeezing shorts? Will the short squeeze never end?
by JBTX
Tue Apr 27, 2021 4:39 pm
Forum: Personal Investments
Topic: Jonathan Clements clarification
Replies: 20
Views: 3167

Re: Jonathan Clements clarification

Putting stocks in Roth is a way to increase your stock asset allocation without seeming like you've increased your stock allocation. I do it too. How so? Retiring when touched on it. Basically the real allocation would be an after tax allocation. By having stocks in Roth, you have more in stocks th...
by JBTX
Tue Apr 27, 2021 11:29 am
Forum: Personal Investments
Topic: Jonathan Clements clarification
Replies: 20
Views: 3167

Re: Jonathan Clements clarification

Putting stocks in Roth is a way to increase your stock asset allocation without seeming like you've increased your stock allocation. I do it too. How so? Retiring when touched on it. Basically the real allocation would be an after tax allocation. By having stocks in Roth, you have more in stocks th...
by JBTX
Mon Apr 26, 2021 6:24 pm
Forum: Investing - Theory, News & General
Topic: Tokenized stock trading through crypto exchanges and its impact on the larger market
Replies: 58
Views: 3037

Re: Tokenized stock trading through crypto exchanges and its impact on the larger market

There are simplistically two outcomes here:

- Regulators eventually squash such efforts as they may be viewed as an end run around regulation
- all the technology around this type of stuff eventually overwhelms regulators to the point it becomes impossible to regulate.
by JBTX
Mon Apr 26, 2021 6:12 pm
Forum: Investing - Theory, News & General
Topic: When DID the stock market recover from 1929?
Replies: 62
Views: 8042

Re: When DID the stock market recover from 1929?

It isn't an accurate calculation because that period was hugely deflationary, so you need to adjust for deflation to get an accurate end result. When that is done the recovery is much much faster. Some good insight into this: Article: New Study: Stocks Only Took 5 Years To Recover After 1929 https:...
by JBTX
Mon Apr 26, 2021 6:03 pm
Forum: Investing - Theory, News & General
Topic: Prove Me Wrong: Cryptocurrencies are NOT good investments
Replies: 625
Views: 30789

Re: Prove Me Wrong: Cryptocurrencies are NOT good investments

"Good" is a relative term. "Investment" definition can vary too. If you are like Warren Buffet, he isn't fond of gold either because it generates no income, cash flow or other tangible value, thus he doesn't consider gold an investment. Obviously others disagree. If we decide to ...
by JBTX
Mon Apr 26, 2021 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT add baby as authorized user to build credit history?
Replies: 85
Views: 6698

Re: Why NOT add baby as authorized user to build credit history?

There is little reason to do this as a baby. You can do it at 16 or 17 and it builds pretty quickly. Having said that it isn't always a good idea. I helped my teenage daughter build her score and if I had it to do over again I wouldn't. I inadvertently enabled her to get in even more over her head t...
by JBTX
Mon Apr 26, 2021 5:31 pm
Forum: Personal Investments
Topic: Jonathan Clements clarification
Replies: 20
Views: 3167

Re: Jonathan Clements clarification

Putting stocks in Roth is a way to increase your stock asset allocation without seeming like you've increased your stock allocation. I do it too.
by JBTX
Sun Apr 25, 2021 6:19 pm
Forum: Personal Investments
Topic: How do 401Ks pick active funds offered in their Plan?
Replies: 10
Views: 869

Re: How do 401Ks pick active funds offered in their Plan?

401ks have a Fiduciary responsibility to offer suitable funds. Some companies will offload that liability to a 3rd party advisor who selects the offering. Others don't offload it but have advisors or consultants that help. The result is if index funds aren't used, you are typically going to see fund...
by JBTX
Sun Apr 25, 2021 6:08 pm
Forum: Investing - Theory, News & General
Topic: p/e=34 p/e fwd=23
Replies: 14
Views: 1329

Re: p/e=34 p/e fwd=23

So I have come to a theory- As long as earnings is growing, Fed is not raising rates and economy is expanding p/e multiple will keep growing upwards. Today we are at p/e=40 tomorrow we could be at p/e=60 and even p/e=80 if we just have these conditions in place. This is because of buy backs and pas...
by JBTX
Sun Apr 25, 2021 6:02 pm
Forum: Investing - Theory, News & General
Topic: I don’t understand why tax loss harvesting is that beneficial
Replies: 118
Views: 8943

Re: I don’t understand why tax loss harvesting is that beneficial

In many situations, TLHing is basically tax deferment (and may result in no taxes at all down the road). It doesn't get much attention around here, but tax gain harvesting can be beneficial in the right circumstances as well. Are those circumstances always when your income is lower than normal for ...