Search found 673 matches

by fwellimort
Fri Apr 16, 2021 9:11 am
Forum: Investing - Theory, News & General
Topic: There’s a single New Jersey deli doing $35,000 in sales valued at $100 million in the stock market
Replies: 58
Views: 5780

Re: There’s a single New Jersey deli doing $35,000 in sales valued at $100 million in the stock market

So everyone here who owns total market owns this sham company? HWIN? I just checked, it doesn't. That said, VTSAX does hold some really 'garbage' companies (relative to financials). In fact, $113 million for $35,000 sales is great. Better than buying a $100+ million company that doesn't even have s...
by fwellimort
Thu Apr 15, 2021 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 207
Views: 10016

Re: The primary factor for picking a College/University is out of pocket cost

And yes, I do know folks who have worked prosthetics controlled by neural implants. The PI came from Georgia Tech...a public flagship university. $29K per year in-state including room and board. In comparison CMU costs $77K. The idea that the only engineers from HYPMS or CMU or whatever expensive s...
by fwellimort
Thu Apr 15, 2021 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 207
Views: 10016

Re: The primary factor for picking a College/University is out of pocket cost

This is really easy to say when money isn't an issue. Tell that to the "average" U.S. family. The average US family will pay none to attend the top privates in the US if their children is accepted. I am personally not a fan of paying outrageous sums for peer schools for the 'college exper...
by fwellimort
Thu Apr 15, 2021 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 207
Views: 10016

Re: The primary factor for picking a College/University is out of pocket cost

This might be surprising to some but money isn't everything in life. Say you want to research on robotic arms through neural implants. Good luck finding those jobs outside academia. Or these kinds of cool research projects currently at schools like Carnegie Mellon: (assistive robots for blind travel...
by fwellimort
Thu Apr 15, 2021 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 207
Views: 10016

Re: The primary factor for picking a College/University is out of pocket cost

Peer group isn't everything, but if your kid needs the positive peer pressure, the extra $ for the smaller private might be worth it over spending six years and not getting a degree. Don't underestimate peer groups. Like I keep iterating, 'birds of the feather, flock together'. There's a reason why...
by fwellimort
Wed Apr 14, 2021 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: I wish I Knew Then What I Know Now
Replies: 33
Views: 3685

Re: I wish I Knew Then What I Know Now

Speculations can be wildly profitable if you join in before the hype. Sometimes so profitable that all you need is to win 'once' and you don't need to worry again financially for rest of your life. (You just need to sometimes beat the market once. You don't need to beat the market every year. Absolu...
by fwellimort
Wed Apr 14, 2021 6:47 pm
Forum: Personal Investments
Topic: 401K investment help
Replies: 24
Views: 770

Re: 401K investment help

lakpr wrote: Wed Apr 14, 2021 6:15 pm I think you mean "120-age in stocks", not bonds; that comes out to be the same thing as "Age-20 in bonds". Surely you aren't suggesting 90% bonds for the OP :)
Ah ya. That way. I am a failure of a computer science, math major :D
by fwellimort
Wed Apr 14, 2021 6:13 pm
Forum: Personal Investments
Topic: 401K investment help
Replies: 24
Views: 770

Re: 401K investment help

The expense ratios are not visible, but generally these are the funds you should concentrate on: 1. Vanguard Institutional 500 Index fund 2. BTC Russell 2500 Index fund (view this as a Completion Index, that includes mid-cap and small-cap and those stocks NOT in S&P 500 index; if you invest in ...
by fwellimort
Wed Apr 14, 2021 10:45 am
Forum: Investing - Theory, News & General
Topic: Beginning to evaluate the holdings of Vanguard Target Retirement Funds
Replies: 134
Views: 7395

Re: Beginning to evaluate the holdings of Vanguard Target Retirement Funds

It sounds like you need a "Target Date Performance Chasing Fund". You just gave me a great idea....how about giving investors the ability to construct their own Target Funds where they can select their allocations to each category? Example: I go to Vanguard.com and say I want 50% to TSM, ...
by fwellimort
Tue Apr 13, 2021 5:02 pm
Forum: Investing - Theory, News & General
Topic: Beginning to evaluate the holdings of Vanguard Target Retirement Funds
Replies: 134
Views: 7395

Re: Beginning to evaluate the holdings of Vanguard Target Retirement Funds

Reading this over, I think Vanguard Target Retirement Funds are excellent. No one really knows the future but historically, people love to buy high and sell low. Maybe the lands and waters of US is blessed. Who knows. Personally, when I look at many of the US companies today and their valuations, I ...
by fwellimort
Tue Apr 13, 2021 11:15 am
Forum: Investing - Theory, News & General
Topic: how do S&P 500 index investors perform long term compared to all investors
Replies: 4
Views: 666

Re: how to S&P 500 index investors do overall in terms of performance when comparing to all investors

Well we have consistent data for passive vs active mutual funds. It's from SPIVA and it's updated every quarter. https://www.spglobal.com/spdji/en/spiva/#/reports We know day traders almost always lose money. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3715077 Consistent with models of atten...
by fwellimort
Mon Apr 12, 2021 5:34 pm
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 90
Views: 9073

Re: “Buy and Hold No More” says A16Z

I've been in high tech since 1995, both at publicly traded companies and VC. I have no idea how to invest in "the internet". I only know specific technology companies which have thrived or died. It would be like trying to invest in "food." I was thinking more of tilting one's in...
by fwellimort
Mon Apr 12, 2021 4:03 pm
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 90
Views: 9073

Re: “Buy and Hold No More” says A16Z

(Heck, look at those electric car companies! 100 years too early). Let's be very realistic. Electric vehicles (and hydrogen vehicles) are cool concepts. But they (electric vehicles*) weren't practical until very recently. Did you see people purchase electric vehicles for everyday driving in the pas...
by fwellimort
Mon Apr 12, 2021 3:50 pm
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 90
Views: 9073

Re: “Buy and Hold No More” says A16Z

To me, the dot com bubble signifies that sometimes, people are right. Very right about the future. However, people as a whole are horrible market timers. Looking back, Internet WAS the 'future'. And investing in tech despite all the crazy bubbles would have netted far more than investing in the tota...
by fwellimort
Mon Apr 12, 2021 2:07 pm
Forum: Investing - Theory, News & General
Topic: Ross Gerber (Wealth Management) claims index funds won’t have high enough returns to fund retirement
Replies: 27
Views: 1946

Re: Ross Gerber (Wealth Management) claims index funds won’t have high enough returns to fund retirement

-Someone earning 150k and getting 6-8% on index funds won’t be able to retire Wait what. If I can get 6~8% with a '150k income', then I'm excited. Sounds like great times to come. I'm a fool. :beer I'm fine with accepting the so called 'lower returns' of only 6~8%. I was expecting more of a relativ...
by fwellimort
Mon Apr 12, 2021 3:02 am
Forum: Investing - Theory, News & General
Topic: Is this the single worst time to be a passive investor
Replies: 73
Views: 9307

Re: Is this the single worst time to be a passive investor

not make money over the next 10 years - you mean 2000? Honestly, there's a lot of similarities creeping in with right now and the dot com bubble. The bitcoin craze. The NFTs. The Ethereums and other cryptos. Then all the stocks going parabolic including companies that were already struggling before...
by fwellimort
Mon Apr 12, 2021 12:01 am
Forum: Personal Investments
Topic: Any suggestions on what type of investments would be good for a Roth IRA
Replies: 2
Views: 305

Re: Any suggestions on what type of investments would be good for a Roth IRA

My Roth IRA is with US Total Market and International Total Market. Keep life simple. It's just another vehicle to invest in end of day. Anyways, you might mean: https://www.bogleheads.org/wiki/Tax-efficient_fund_placement That said, dividends on bonds are near non-existent currently so I wouldn't b...
by fwellimort
Sun Apr 11, 2021 9:57 pm
Forum: Investing - Theory, News & General
Topic: Is this the single worst time to be a passive investor
Replies: 73
Views: 9307

Re: Is this the single worst time to be a passive investor

Could be. Might not be.

I just keep indexing. Who cares.
If I'm a fool, then I'm a fool.
Life is too stressful for me to bother with all this. Just means I need to earn more money.

Plus, after the GME fiasco, I no longer trust most media. :sharebeer
by fwellimort
Sun Apr 11, 2021 9:04 pm
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 90
Views: 9073

Re: “Buy and Hold No More” says A16Z

It always seems like active investing is going to be better than passive investing, always. But year after year after year the SPIVA reports keep showing the same sorry track record. If you notice SPIVA for last year on Small Cap Growth and Mid Cap Growth, then you will notice that only 13.71% and ...
by fwellimort
Sun Apr 11, 2021 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 207
Views: 10016

Re: The primary factor for picking a College/University is out of pocket cost

Based on our elder's experience with getting (no) merit money at top OOS publics our younger's college list is likely to be devoid of any OOS publics. Little known privates weren't in the picture to begin with. Publics today are expensive. Not everyone has UCB, UCLA, UMich, UVa, College of William ...
by fwellimort
Sun Apr 11, 2021 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 207
Views: 10016

Re: The primary factor for picking a College/University is out of pocket cost

nigel_ht wrote: Sun Apr 11, 2021 4:44 pm And if he picked an out of state school like U Michigan for 3x the cost that would make no difference?
Within reasonable means. Within reasonable means.
There's no need to pay 3x for UMich when you have instate for UC schools.

Everything doesn't need to be so extreme. :sharebeer
by fwellimort
Sun Apr 11, 2021 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 207
Views: 10016

Re: The primary factor for picking a College/University is out of pocket cost

True. Once you get to top 20 USNWR, merit awards disappear completely. It's all need-based. Vanderbilt, at #15, is the only big exceptions. This I agree. Very few give merit aid once you hit top privates. The ones that are well known for merit aids are USC, Vanderbilt, WuStL and the way the merit a...
by fwellimort
Sun Apr 11, 2021 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 207
Views: 10016

Re: The primary factor for picking a College/University is out of pocket cost

Most kids are not 0.05%, even if their parents think they are. The kids who really are in the top 0.05% will likely have full rides to the school of their choice. Guess I messed up my one semester in 10th grade so all those national math competitions didn't count. I had awful grades in Chemistry (d...
by fwellimort
Sun Apr 11, 2021 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 207
Views: 10016

Re: The primary factor for picking a College/University is out of pocket cost

Based on our elder's experience with getting (no) merit money at top OOS publics our younger's college list is likely to be devoid of any OOS publics. Little known privates weren't in the picture to begin with. This has been my experience too. Publics today are expensive. Not everyone has UCB, UCLA...
by fwellimort
Sun Apr 11, 2021 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 207
Views: 10016

Re: The primary factor for picking a College/University is out of pocket cost

Spending $50K a year for a no-name private OR Spending $25K a year for the local state U and $5K for a travel budget for your kid to use every summer and saving $20K for their future? I too would take the $25k local state u any day. No name privates are not worth that kind of tuition. I'm just tryi...
by fwellimort
Sun Apr 11, 2021 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 207
Views: 10016

Re: The primary factor for picking a College/University is out of pocket cost

No amount of money can repeat 4 years being surrounded by highly motivated peers. Also, $100k is a chump change in some fields. Some of my friends almost saved that much in the first two years out of college working at Google. (Some of whom I'm absolutely confident wouldn't get into Google out of co...
by fwellimort
Sun Apr 11, 2021 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 207
Views: 10016

Re: The primary factor for picking a College/University is out of pocket cost

All I can add is, 'birds of the feather, flock together'. And there is more to life than just money. Money is just an abstract representation of finite time. All the money in the world does not substitute life experiences. For instance, I have an earphone in which its retail price is $2k (64 Audio U...
by fwellimort
Sun Apr 11, 2021 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 207
Views: 10016

Re: The primary factor for picking a College/University is out of pocket cost

Outside of Ivy (or Ivy level) schools, I think choosing the in-state flagship makes the most sense. Why pay an Ivy league price tag for a mediocre education from a lesser private school? Advanced degrees, in particular professional degrees, completely change the importance of undergrad. For example...
by fwellimort
Sun Apr 11, 2021 10:59 am
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 90
Views: 9073

Re: “Buy and Hold No More” says A16Z

I think we should give retail investors some credit for once. The past few years have been quite special with brokerages like Robinhood bringing free trade --> more everyday investors have a chance to invest. Out of my friend group, I would say like 90% of them outperformed the market in the past 3 ...
by fwellimort
Sun Apr 11, 2021 3:34 am
Forum: Personal Consumer Issues
Topic: Simple time tracking/logging tool
Replies: 11
Views: 894

Re: Simple time tracking/logging tool

i worked with a friend, a talented, senior technologist at a hardware company who engaged in meticulous time tracking for 3 months. after a couple of days of analysis and thinking about the results, he walked into our manager’s office, quit, and became a full time photographer :) Sounds just about ...
by fwellimort
Sun Apr 11, 2021 1:12 am
Forum: Personal Consumer Issues
Topic: buying laptop
Replies: 15
Views: 1510

Re: buying laptop

Also, do you use an iphone and/or ipad ? If so they integrate well with a Macbook Apple laptop. I switched from Windows and happy I did. Buy at Apple Store or Best Buy, IMO. If you are fine willing to pay premium and you have iPhone, I too agree with this approach. Apple laptops might be more pricy...
by fwellimort
Sun Apr 11, 2021 12:34 am
Forum: Personal Consumer Issues
Topic: buying laptop
Replies: 15
Views: 1510

Re: buying laptop

Depends on your personal needs. Everyday laptops? Gaming laptops? Ultra portable laptops? Laptops with big screens? Laptops with long battery life? Laptops that have good build quality? What is your need. What are you going to do with the laptop you have. If it's for everyday use (no crazy modern ga...
by fwellimort
Fri Apr 09, 2021 5:11 pm
Forum: Investing - Theory, News & General
Topic: Beat the market by only holding after hours
Replies: 56
Views: 3335

Re: Beat the market by only holding after hours

Ocean77 wrote: Fri Apr 09, 2021 5:01 pm Now if we combine 1) and 2), we would simply hold the stocks all the time. I wonder why nobody has thought of this before.
This research is stating you can have up to 1% more CAVG in long term span.
At least that's the premise.
by fwellimort
Fri Apr 09, 2021 4:52 pm
Forum: Investing - Theory, News & General
Topic: Beat the market by only holding after hours
Replies: 56
Views: 3335

Re: Beat the market by only holding after hours

Things like "free" trades aren't exactly free though, are they? Brokerages aren't just eating the transaction costs, they're making up for them in how payment for order flow is handled, meaning there might be less ideal trade execution. The customer is paying one way or another. There's 2...
by fwellimort
Fri Apr 09, 2021 10:18 am
Forum: Investing - Theory, News & General
Topic: Beat the market by only holding after hours
Replies: 56
Views: 3335

Re: Beat the market by only holding after hours

Buying and selling costs money, which lowers the return. Of course, these costs can be avoided by holding the S&P 500 fund an additional 6.5 hours a day. This way, you still get all those after market returns, and you don't have to pay those daily costs. To be fair on today's brokerages on a ta...
by fwellimort
Thu Apr 08, 2021 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card
Replies: 62
Views: 5315

Re: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card

BoA cashback credit cards with platinum honors is 5.25% cashback on a category of choosing. And you can get like 36 different BoA cashback credit cards given enough time (each with the initial bonus on top). Ok, that's intriguing. Tell me about that. Don't I have to have like $100k at BofA to quali...
by fwellimort
Thu Apr 08, 2021 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card
Replies: 62
Views: 5315

Re: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card

I think the cashback credit card isn't competitive with other no fee cashback credit cards. BoA cashback credit cards with platinum honors is 5.25% cashback on a category of choosing. And you can get like 36 different BoA cashback credit cards given enough time (each with the initial bonus on top). ...
by fwellimort
Thu Apr 08, 2021 2:34 pm
Forum: Personal Investments
Topic: How to lose the desire of outperforming the market?
Replies: 112
Views: 7124

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

But what is the market? If it is VT, why are so many on BH overweighting the US by allocating more than 60% to it? Is this only based on the past outperformance? I've fallen prey to it too. After spending 1.5 years on BH I got convinced that the US stock market is superior to the ExUS stock market ...
by fwellimort
Thu Apr 08, 2021 10:05 am
Forum: Personal Investments
Topic: How to lose the desire of outperforming the market?
Replies: 112
Views: 7124

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

How to get over the desire to outperform? Try for a while and fail. What do you do when your fun money account you day trade from time to time practically almost always beats the market by a notable fold. Weird dilemma here. Sometimes by X multiples for X be the principal. And the worst days of los...
by fwellimort
Wed Apr 07, 2021 2:29 pm
Forum: Personal Investments
Topic: FZROX vs FSKAX
Replies: 29
Views: 2563

Re: FZROX vs FSKAX

FSKAX vs FZROX is essentially: Is it worth paying 0.015% long term for a bit more on small caps. If large/mid cap outperforms small cap in our lifetime, then FZROX will be 'slightly ahead'. If small cap outperforms large/mid cap in our lifetime, then FSKAX might be 'slightly ahead' even after the 0....
by fwellimort
Wed Apr 07, 2021 1:10 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 281
Views: 20604

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

I agree that the average American probably pays too much for an everyday vehicle. That said, just do take into account the improved safety standards in the past decade when it comes to automobiles. I would pay premium for the increased safety any day. For me, my health >> a few thousand dollars. A l...
by fwellimort
Tue Apr 06, 2021 5:32 pm
Forum: Investing - Theory, News & General
Topic: Are 3x leveraged ETFs the long-term winning strategy?
Replies: 701
Views: 33693

Re: Are 3x leveraged ETFs the long-term winning strategy?

If you're using margin then you're not in a tax-deferred account such as an IRA. All of this switching in and out is going to have tax consequences, so screw that. You can be on limited margin on IRA accounts. I don't know about other brokerages but Fidelity offers 'limited margin' account if your ...
by fwellimort
Mon Apr 05, 2021 11:11 am
Forum: Personal Investments
Topic: Roth IRA for 11 Year Old: Asset Allocation Ideas
Replies: 10
Views: 868

Re: Roth IRA for 11 Year Old: Asset Allocation Ideas

Option B.

At age of 11, I would go 100% equities if not more.
That said, to sign up for Roth IRA, I do believe the 11 year old needs income (unless it's your Roth IRA).
by fwellimort
Sun Apr 04, 2021 8:46 am
Forum: Personal Investments
Topic: Sell SPY for VOO Lower ER after One Year - Capital Gains
Replies: 9
Views: 788

Re: Sell SPY for VOO Lower ER after One Year - Capital Gains

Personally, I would leave it alone. Taxes are far higher than 0.06% last time I checked. (Long term capital gains tax is 15% + state/local tax) Just buy VOO with future money. Now, if your profits are negative, then switching funds for tax loss harvesting is a valid option. Just make sure you unders...
by fwellimort
Sat Apr 03, 2021 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: A true zero wire transfer fee option
Replies: 22
Views: 1863

Re: A true zero wire transfer fee option

I too vouch for Fidelity Cash Management account. Any types of transfer of assets/money is free anywhere domestically and very fast. I use it as a regular checking account. And unlike Schwab that takes until end of month until ATM fees are repaid, Fidelity ATM fees are repaid within a few business d...
by fwellimort
Wed Mar 31, 2021 4:56 pm
Forum: Personal Investments
Topic: FZROX vs FSKAX
Replies: 29
Views: 2563

Re: FZROX vs FSKAX

It's really hard to say which is "better." FSKAX has an expense ratio of 0.02%, so it should have cost about $12,500 x 0.02% = $2.50/year in expenses. for 1½ years = $3.75. So based on the expense ratio, we'd expect a $10,000 investment in FZROX since inception should have given an invest...
by fwellimort
Wed Mar 31, 2021 2:53 pm
Forum: Personal Investments
Topic: FZROX vs FSKAX
Replies: 29
Views: 2563

Re: FZROX vs FSKAX

On a tax deferred, I would choose the lower expense ratio: FZROX. The only practical difference between FZROX and FSKAX is portability. You can't move FZROX outside Fidelity brokerage without selling (which generally triggers taxes). However on a tax deferred IRA, none of that matters so :sharebeer ...
by fwellimort
Mon Mar 29, 2021 10:05 am
Forum: Investing - Theory, News & General
Topic: "Nobody Knows Nothin'"
Replies: 83
Views: 7854

Re: "Nobody Knows Nothin'"

'Nobody knows nothing' can easily be disproven with just this year alone. Look what happened with GME. All that stuff was public data last year. To claim NKN while we have GME that happened on January is a great disservice to the public. Truth is, people DO know something. For instance, for the past...
by fwellimort
Sun Mar 28, 2021 3:55 pm
Forum: Personal Consumer Issues
Topic: High ranked Univ with liberal arts major or lower ranked school with STEM major
Replies: 121
Views: 8215

Re: High ranked Univ with liberal arts major or lower ranked school with STEM major

So here is my personal thoughts on some of the answers here. 1. If you are thinking of going into software development (including ML/AI/etc), then DON'T beat around the bush majoring in 'mathematics' or 'statistics' and opt STRAIGHT for Computer Science at undergrad. I say this coming from a guy who...