Search found 357 matches

by bryanm
Wed Apr 07, 2021 6:38 pm
Forum: Investing - Theory, News & General
Topic: TSLA gamed the system - Could Index Funds Be ‘Worse Than Marxism’?
Replies: 107
Views: 11137

Re: TSLA gamed the system - Could Index Funds Be ‘Worse Than Marxism’?

My point is I agree with @mdchemist that I believe the index fund will need to purchase more shares, unlike what others have said. At least that is how I see it. Yes, but share price doesn't go up (from the undiluted price). It goes down. Yes, but isn't that the point? That some of the downside of ...
by bryanm
Fri Apr 02, 2021 5:26 pm
Forum: Personal Consumer Issues
Topic: recommendation for an online computer back up plan?
Replies: 9
Views: 562

Re: recommendation for an online computer back up plan?

My family uses Backblaze and would recommend it. I've had to deal with complicated storage and recovery, and it's worked well each time.

I believe Carbonite is the main competitor and generally is also well reviewed.
by bryanm
Wed Mar 17, 2021 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: The annoying complexity of the HSA
Replies: 17
Views: 1163

Re: The annoying complexity of the HSA

Do you go 100% stocks to max growth in the limited space offered? Better be fully committed to leaving it untouched for decades then. Not like with the rest of your portfolio where you could sell stocks in taxable and then rebalance in your tax-deferred space should the need arise. I think this is ...
by bryanm
Wed Mar 10, 2021 6:01 pm
Forum: Personal Investments
Topic: Help please. Being forced to retire early..
Replies: 87
Views: 10069

Re: Help please. Being forced to retire early..

I do not see a problem. Do you honestly see a problem? You mentioned buying "a new car or 2 and few personal watercrafts". Those items do not speak to concern of finances. Plans change when you're suddenly laid off, particularly when (as it appears is the case for the OP) you've been with...
by bryanm
Wed Mar 10, 2021 5:48 pm
Forum: Personal Investments
Topic: Help please. Being forced to retire early..
Replies: 87
Views: 10069

Re: Help please. Being forced to retire early..

Okay, first thing: you're going to be okay. I assume when you say "400 cash" you mean 400k. If that's true, then your total assets right now are at least 1.64 million. Your estimated expenses are 62k a year, and you get ~$24k from SSI. That means you have a 38k gap. If you pulled that from...
by bryanm
Wed Mar 10, 2021 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Listing Realtor asking me to have mortgage lenders call her directly.
Replies: 85
Views: 6506

Re: Listing Realtor asking me to have mortgage lenders call her directly.

By the way, the comment just above here said Redfin is not too good and a discounter. You get a small rebate as a buyer, but that's it. I wouldn't consider them a "discounter" based on that, since there is not much of a discount for me, the buyer. But is their service really that sub-par?...
by bryanm
Mon Mar 08, 2021 12:15 pm
Forum: Personal Consumer Issues
Topic: Cast iron cooking tips
Replies: 59
Views: 4429

Re: Cast iron cooking tips

People hate to admit this but you have to use a gallon of oil if you dont want things to stick to it. And, it has to be really hot before you put food in it. I use cast iron sometimes, but its mostly a hassle. I do like to make scallops on it tho. I'm afraid you've not used well seasoned cast iron....
by bryanm
Mon Mar 08, 2021 12:06 pm
Forum: Personal Consumer Issues
Topic: Cast iron cooking tips
Replies: 59
Views: 4429

Re: Cast iron cooking tips

Triple digit golfer wrote: Mon Mar 08, 2021 8:48 am So steel wool is bad, but a stainless steel scrubber is okay?
If you mean the chainmail scrubber, it's because the rings are too big and round to have ends dig into the polymerized oil. Steel wool is much more "scratchy" and can slice into the polymerized oil.
by bryanm
Sun Mar 07, 2021 10:34 pm
Forum: Personal Consumer Issues
Topic: Cast iron cooking tips
Replies: 59
Views: 4429

Re: Cast iron cooking tips

Should I heat it after oiling it or can I put it away with new oil that hasn't been heated yet? It won't get rancid or anything? If you are using it frequently, it shouldn't matter much either way. It's a very thin later of oil and will be sterilized once you pre-heat the pan the next time you use ...
by bryanm
Sun Mar 07, 2021 10:31 pm
Forum: Personal Consumer Issues
Topic: Cast iron cooking tips
Replies: 59
Views: 4429

Re: Cast iron cooking tips

i thought you weren't supposed to use soap on cast iron? It's a myth. Here's the skinny: The coating on cast iron is polymerized oil. Polymerization makes the coating very tough--regular dish soap won't do a thing to it, and makes cleaning way simpler. I've been using soap (Dawn) and water on my sk...
by bryanm
Tue Mar 02, 2021 3:20 pm
Forum: Investing - Theory, News & General
Topic: Debt is a Negative Bond - The White Coat Investor
Replies: 542
Views: 27330

Re: Debt is a Negative Bond - The White Coat Investor

So to summarize this entire 9 page thread: Debt is a negative bond, it's mathematically suboptimal to hold debt with a yield that's below your mortgage rate, but for some investors the negative carry, while suboptimal, has other benefits that may outweigh the benefits of pre-paying or paying off a ...
by bryanm
Tue Mar 02, 2021 1:23 pm
Forum: Investing - Theory, News & General
Topic: Debt is a Negative Bond - The White Coat Investor
Replies: 542
Views: 27330

Re: Debt is a Negative Bond - The White Coat Investor

From an economic perspective, the house may or may not literally depreciate: some components surely do but others (for instance, the underlying land) could just as easily appreciate in either real or nominal terms. Interesting corollary: is the appreciation of underlying land (or even structure, e....
by bryanm
Tue Mar 02, 2021 12:57 pm
Forum: Investing - Theory, News & General
Topic: Debt is a Negative Bond - The White Coat Investor
Replies: 542
Views: 27330

Re: Debt is a Negative Bond - The White Coat Investor

Therefore, if you insist on listing the house's sale value on your personal balance sheet as an "asset," while you continue to consume 100% of that asset value by living in it, you are double counting. You do not consume 100% of your house by living in it. It is not a hot dog to be eaten....
by bryanm
Tue Mar 02, 2021 12:21 pm
Forum: Investing - Theory, News & General
Topic: Debt is a Negative Bond - The White Coat Investor
Replies: 542
Views: 27330

Re: Debt is a Negative Bond - The White Coat Investor

Therefore, if you insist on listing the house's sale value on your personal balance sheet as an "asset," while you continue to consume 100% of that asset value by living in it, you are double counting. I honestly don't know how to help you understand how wrong you are about this. It's ama...
by bryanm
Tue Mar 02, 2021 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: How much money relative to your salary makes it pointless to continue working?
Replies: 79
Views: 6321

Re: How much money relative to your salary makes it pointless to continue working?

This comes down to the marginal utility of the dollar and the value of your time. Clearly, at some multiple of expenses, you can stop working (whether it be 25x, 50x, or whatever). If we assume that you spend no more than your yearly salary, then the same multiple (or less) indicates you could stop ...
by bryanm
Fri Feb 12, 2021 12:00 pm
Forum: Personal Investments
Topic: 18 to 100 percent annual return fund
Replies: 145
Views: 11929

Re: 18 to 100 percent annual return fund

He talks about his 6 level training course in his copyrighted strategy This is a triviality compared to all the other BS this guy is spewing, but just to pile on: you can't copyright an options trading strategy. (I'm an intellectual property lawyer.) This is the kind of "sounds good to non-law...
by bryanm
Tue Feb 09, 2021 7:31 pm
Forum: Personal Investments
Topic: Anyone Else Investing in SPACs (Special Purpose Acquisition Companies)?
Replies: 87
Views: 10236

Re: Anyone Else Investing in SPACs (Special Purpose Acquisition Companies)?

As was discussed above, there isnt a ton of risk as long as you pay attention. Can someone further explain how there isn't a ton of risk here? As in all things, I assume risk and reward are linked. I can understand how there is low risk before an acquisition is announced--no one has any information...
by bryanm
Tue Feb 09, 2021 2:20 pm
Forum: Personal Investments
Topic: Possible to be mathematically superior to retire early for Roth conversions?
Replies: 22
Views: 1652

Re: Possible to be mathematically superior to retire early for Roth conversions?

No, this should not be possible, and it's easier to understand if we reframe the question. As I understand it, you're saying that by not working, you can 'free up' low/no tax tiers for Roth conversions, thus minimizing taxes on retirement dollars relative to doing conversions when working. So the co...
by bryanm
Thu Jan 07, 2021 12:01 pm
Forum: Personal Consumer Issues
Topic: Gaming Console for 12 yo
Replies: 82
Views: 3606

Re: Gaming Console for 12 yo

What games does your kid want to play? Assuming you think they're age appropriate, that should really be the driving factor. In general, Nintendo has more games directed toward younger kids, Xbox and Playstation have more directed toward mature audiences. Each console has "exclusives" that...
by bryanm
Tue Dec 15, 2020 1:38 pm
Forum: Personal Consumer Issues
Topic: New Wifi 6 access point slower than 10 year old verizon router
Replies: 56
Views: 3486

Re: New Wifi 6 access point slower than 10 year old verizon router

One additional thought on the no SSID issue: check the channel width on your AP, if you have that option. Some newer routers try to use wide channel widths, and older adapters sometimes balk.
by bryanm
Thu Dec 10, 2020 11:38 am
Forum: Personal Consumer Issues
Topic: New Wifi 6 access point slower than 10 year old verizon router
Replies: 56
Views: 3486

Re: New Wifi 6 access point slower than 10 year old verizon router

Just for fun, on my laptop over wifi from the new access point (which is connected via ethernet to the main wifi router) I pinged the IP address of the main router and got 4ms for each of 4 pings. Next, I connected to the wifi signal in the next room (main router, the one giving the faster speed te...
by bryanm
Thu Dec 10, 2020 11:37 am
Forum: Personal Consumer Issues
Topic: New Wifi 6 access point slower than 10 year old verizon router
Replies: 56
Views: 3486

Re: New Wifi 6 access point slower than 10 year old verizon router

My understanding is that the two paths are: Client device <- wifi -> router <-WAN-> Speedtest = 20 mpbs. Client device <- wifi -> AP <-LAN-> router <-WAN-> Speedtest = 10 mpbs The real way to get to the bottom of this is to find a way to test each link in each chain to see where the difference is. A...
by bryanm
Mon Dec 07, 2020 11:17 am
Forum: Personal Consumer Issues
Topic: Are password managers safe to use?
Replies: 360
Views: 17620

Re: Are password managers safe to use?

Another "For Dummies" question: Suppose 1password goes belly up; it wouldn't be the 1st tech company to eventually fail. How would one extricate oneself from all its generated and stored passwords? I don't use 1password specifically, but most password managers work as local software too--...
by bryanm
Sat Nov 28, 2020 11:05 pm
Forum: Personal Investments
Topic: Purpose of Roth Income Limit
Replies: 14
Views: 2309

Re: Purpose of Roth Income Limit

It is often a fool's errand to ascribe logic to laws, as they are passed by consensus rather than fiat. There's a whole legal doctrine known as "congressional intent." In many (or perhaps most) cases, the best legal scholars in our country can't agree on a single "intent." Best t...
by bryanm
Sun Sep 13, 2020 1:14 am
Forum: Investing - Theory, News & General
Topic: Why did Peter Bernstein denounce the 60/40 Solution
Replies: 34
Views: 8617

Re: Why did Peter Bernstein denounce the 60/40 Solution

flaccidsteele wrote: Sat Sep 12, 2020 11:05 pm
jginseattle wrote: Sat Sep 12, 2020 3:32 am I'm not trying to master the market cycle. I'm trying to survive the market cycle.
Reminds me of a quote from a billionaire, “The wealthy play to win. The poor and middle-class play not to lose.”
The quote is better if you don’t understand survivorship bias.
by bryanm
Sat Sep 12, 2020 2:53 pm
Forum: Personal Consumer Issues
Topic: Fridge Freezer Drain Hole Freezing
Replies: 11
Views: 666

Re: Fridge Freezer Drain Hole Freezing

I had this problem recently, and used a snake to remove a physical blockage. If it’s just ice in there, hot water should melt it out pretty quickly.

Once you’ve got it cleared, you can use the copper trick noted above to keep it from refreezing.
by bryanm
Mon Sep 07, 2020 10:05 pm
Forum: Investing - Theory, News & General
Topic: Why is it never a good time to buy LT Bonds (in recent history)?
Replies: 103
Views: 7290

Re: Why is it never a good time to buy LT Bonds (in recent history)?

When interest rates go up, LT bonds are going to get slaughtered. If interest rates go up, the price of long bonds will go down, but if you’re not selling them that’s irrelevant because the yield on reinvestment will rise. This is why you need to understand duration. Inflation is orthogonal. Inflat...
by bryanm
Mon Sep 07, 2020 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Should I be aggressively paying down mortgage to ditch PMI instead of investing in taxable account?
Replies: 24
Views: 1839

Re: Should I be aggressively paying down mortgage to ditch PMI instead of investing in taxable account?

Paying down mortgage to get rid of PMI gets a WAAY higher return on that money vs investing in stocks, especially on a risk adjusted basis. The few times I've done the math for friends using a calculator/spreadsheet from mtgprofessor.com, the return has been in the teens. You should definitely pay ...
by bryanm
Mon Sep 07, 2020 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Should I be aggressively paying down mortgage to ditch PMI instead of investing in taxable account?
Replies: 24
Views: 1839

Re: Should I be aggressively paying down mortgage to ditch PMI instead of investing in taxable account?

PMI is wasted money. Get rid of it if you can. I'm going to go against conventional wisdom a bit here and say that while PMI is "wasted money," so are interest payments. And yet many—myself among them—have chosen not to pay down their mortgage rather than invest. With PMI, as with mortgag...
by bryanm
Sun Sep 06, 2020 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Should I be aggressively paying down mortgage to ditch PMI instead of investing in taxable account?
Replies: 24
Views: 1839

Re: Should I be aggressively paying down mortgage to ditch PMI instead of investing in taxable account?

Bottom line, pay off the mortgage to get under PMI ASAP. Details: You're paying $1080 a year in PMI, which is about 0.5% of the current balance. PMI doesn't reduce with principal payments (AFAIK), but as a rough estimate you can add that to your current interest rate. So you're basically paying 4.5%...
by bryanm
Tue Aug 25, 2020 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Finding balance in life: When do you let up off the gas?
Replies: 105
Views: 9970

Re: Finding balance in life: When do you let up off the gas?

We don’t necessarily feel like we “need” anything else but may like a bigger home or nicer car but find it hard to justify based on perceived lack of value compared to less expensive options. This is very difficult for us. I personally find that purchases have a "value curve." At the low ...
by bryanm
Tue Aug 25, 2020 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Finding balance in life: When do you let up off the gas?
Replies: 105
Views: 9970

Re: Finding balance in life: When do you let up off the gas?

This is ultimately a question of happiness. Will spending more make you happy, or will you be worried that you're not saving enough? Only you can make that call. From my perspective, you can absolutely spend more. I'm not sure if your 550k/yr is pre- or post-tax, but if you're saving 87% of take hom...
by bryanm
Sat Aug 22, 2020 10:34 am
Forum: Investing - Theory, News & General
Topic: Fidelity: Successful investors forget they have an account
Replies: 53
Views: 10130

Re: Fidelity: Successful investors forget they have an account

Counterpoint: people who forget they have an account have their assets escheated and liquidated by the state. Not good for growth!

viewtopic.php?t=301995
by bryanm
Wed Aug 19, 2020 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can anything beneficial be done with this mortgage situation?
Replies: 19
Views: 1078

Re: Can anything beneficial be done with this mortgage situation?

I guess the thing I don't understand is how the math would work out. Even with their current rate being so extra high, could they still end up with something better enough to save them a meaningful amount of money even when you take into account the low-600 credit score and whatever fees are involv...
by bryanm
Wed Aug 19, 2020 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can anything beneficial be done with this mortgage situation?
Replies: 19
Views: 1078

Re: Can anything beneficial be done with this mortgage situation?

Agree - time to shop around. That rate is atrocious. Any no-cost refi with a rate lower than the current 7% is a win. (Look for no-cost refi rates first. It makes it easy to compare across lenders. Once you find the lowest no-cost rate, then consider whether paying more in closing costs is worth it....
by bryanm
Wed Aug 19, 2020 11:28 am
Forum: Investing - Theory, News & General
Topic: How does one respond to this ethical/emotional critique of indexing?
Replies: 57
Views: 4701

Re: How does one respond to this ethical/emotional critique of indexing?

Passive investors ride the winners as they go up, but we're also lashed to the losers as they go down. No one would say that the owner of an office or apartment building, or an undeveloped lot, is a free rider even returns are affected by investment decisions of others (Trader Joe's built nearby go...
by bryanm
Sun Aug 16, 2020 10:02 pm
Forum: Investing - Theory, News & General
Topic: Evidence of Active Investing trailing Passive for Individuals
Replies: 62
Views: 4368

Re: Evidence of Active Investing trailing Passive for Individuals

This is just another “I’m smarter than the market” thread, with shaky premises. For one, it assumes a young investor, meaning it’s a de facto “this time it’s different” argument with no ability to verify. For another, it picks a massively dominant industry. Of course if you assume the argument is li...
by bryanm
Fri Aug 14, 2020 9:18 pm
Forum: Personal Consumer Issues
Topic: Pour-Over Coffee maker
Replies: 39
Views: 2580

Re: Pour-Over Coffee maker

We do French press during the week, and Chemex on the weekends since it has larger capacity. The original Chemex design is featured in the Museum of Modern Art collection and is American made. What more do you want? Portability, durability (for those of us that are accident prone), and a higher aci...
by bryanm
Wed Aug 12, 2020 12:54 am
Forum: Personal Finance (Not Investing)
Topic: Lawyers - How much does it cost to write a prenup contract?
Replies: 48
Views: 6245

Re: Lawyers - How much does it cost to write a prenup contract?

A lawyer quoted me $2,500 for a retainer fee and $350/hr after that to write a prenup contract. Might want to double check this. Typically, retainers are held in trust, because they’re still your money. So they’re not a cost. What the attorney might be saying is they are estimating a $2500 cost, an...
by bryanm
Tue Aug 11, 2020 1:13 pm
Forum: Personal Investments
Topic: 3 fund portfolio - Bond indexes bad in this environment?
Replies: 30
Views: 2427

Re: 3 fund portfolio - Bond indexes bad in this environment?

It's amazing to me how often people seem to assert both that: Past performance does not guarantee future results (or "Nobody Knows Nothing"); and The historical performance of bonds has been great! I can square those two so long as the fundamental theory of the investment makes sense. But,...
by bryanm
Tue Aug 11, 2020 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Amazon Prime Card--4% back
Replies: 76
Views: 7907

Re: Chase Amazon Prime Card--4% back

Seems to be targeted. I have the Prime card and no email for me :(
by bryanm
Tue Aug 11, 2020 12:15 am
Forum: Personal Investments
Topic: Is not making early mortgage payments a good hedge against inflation?
Replies: 20
Views: 2264

Re: Is not making early mortgage payments a good hedge against inflation?

Since you have a long-term fixed-dollar liability from your mortgage, conventional bonds make more sense than TIPS. Can you explain the reasoning here? Given current yields, both conventional bond funds and TIPs seem like losing investments relative to the mortgage. Perhaps conventional bonds are l...
by bryanm
Mon Aug 10, 2020 6:14 pm
Forum: Personal Investments
Topic: Stock/Bond Ratio
Replies: 7
Views: 842

Re: Stock/Bond Ratio

To echo others above, I would suggest you consider your 'AA' as related to your investments , not all assets. I don't consider an emergency fund as "available to invest," so I exclude that from my AA. I don't recommend keeping cash as an investment. However, if you are going to, then it pr...
by bryanm
Mon Aug 10, 2020 3:59 pm
Forum: Personal Investments
Topic: Is not making early mortgage payments a good hedge against inflation?
Replies: 20
Views: 2264

Re: Is not making early mortgage payments a good hedge against inflation?

Money us cheap right now AND you are worried about inflation (presumably). Given those two conditions, why would you pay off the mortgage early? Because he's also worried about stock market risk, and has extra cash that needs to be put to work somewhere. I think this question is a balance-of-risks....
by bryanm
Sat Aug 08, 2020 3:28 pm
Forum: Personal Consumer Issues
Topic: Used Gaming Desktop buying advice
Replies: 19
Views: 1216

Re: Used Gaming Desktop buying advice

What’s the reason for the PC rather than the PS5? The problem with gaming on PC is that there’s always an issue: you need a new graphics card, the drivers won’t work, theirs a bug somewhere, etc. PC gamers tend to be tweakers, and I think you really need those skills if you’re going to have a good e...
by bryanm
Thu Jul 30, 2020 4:08 pm
Forum: Personal Investments
Topic: Value of a 401(a) qualified plan?
Replies: 21
Views: 968

Re: Value of a 401(a) qualified plan?

The contributions are post tax, earning are tax deferred. ... Upon withdrawal, contributions are free and clear while growth is taxable. ... It offers the potential to invest above and beyond the tsp/iras with some tax benefit. What are the tax advantages here relative to a tax-efficient investment...
by bryanm
Thu Jul 30, 2020 12:55 pm
Forum: Personal Consumer Issues
Topic: 62.5% Alcohol Hand Sanitizer
Replies: 25
Views: 1649

Re: 62.5% Alcohol Hand Sanitizer

I hear your skepticism and share it. However, at 62.5%, it would take a very small reduction in alcohol to fall below the minimum threshold of 60%. I prefer to buy higher percentages--it's cheap insurance. For what it's worth, I've researched this extensively. I found the original papers which test...
by bryanm
Thu Jul 30, 2020 11:34 am
Forum: Personal Consumer Issues
Topic: 62.5% Alcohol Hand Sanitizer
Replies: 25
Views: 1649

Re: 62.5% Alcohol Hand Sanitizer

Be aware that old sanitizer tends to lose alcohol via evaporation. I prefer stronger sanitizer as it's effective shelf life is longer. BTW alcohol evaporation is only significant if the container is not kept closed. Don't underestimate the effects of evaporation. Most sanitizers are in non-sealed c...
by bryanm
Thu Jul 30, 2020 10:51 am
Forum: Personal Consumer Issues
Topic: 62.5% Alcohol Hand Sanitizer
Replies: 25
Views: 1649

Re: 62.5% Alcohol Hand Sanitizer

Be aware that old sanitizer tends to lose alcohol via evaporation. I prefer stronger sanitizer as it's effective shelf life is longer. I prefer soap and water. BTW alcohol evaporation is only significant if the container is not kept closed. I do too, but OP's question was about hand sanitizer. Don'...