Search found 252 matches

by flyingcows
Thu Apr 15, 2021 10:38 am
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 193
Views: 10609

Re: "Nobody's ever regretted paying off the mortgage."

All of these start out with: “It’s simple math”. Yet the math never appears to calculate taxes, or the level of investment risk. And I don’t really understand the point of having bonds in your portfolio when you have debt, but ok. Just do whatever you think is right in your situation, personal finan...
by flyingcows
Mon Apr 12, 2021 10:50 pm
Forum: Personal Consumer Issues
Topic: Did you move for better weather? Did you regret it?
Replies: 168
Views: 16396

Re: Did you move for better weather? Did you regret it?

I moved from the Midwest to the Southeast 20
years ago. It was a huge quality of life improvement in general, not just the weather, though it was one of the big factors
by flyingcows
Thu Apr 08, 2021 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card
Replies: 62
Views: 5243

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

Why not just get the citi 2% double cash rewards card? Its been my primary card since 2017?

Prior to it, I had a schwab 2% card serviced through a 3rd party, that was ultimatly sold to BoA who reduced the reward to 1% at which point I switched to the citi card
by flyingcows
Sun Apr 04, 2021 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house in Bay Area
Replies: 57
Views: 4548

Re: Buying a house in Bay Area

Whats the minimum down payment you would need for a non-recourse mortgage? Do they still offer those in CA? I would just move to a low cost state to buy personally, but if you could get a risk free mortgage with no lender recourse allowing you to walk away I think that makes it more interesting, lik...
by flyingcows
Fri Apr 02, 2021 9:37 am
Forum: Personal Investments
Topic: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?
Replies: 120
Views: 12616

Re: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?

100% invested into equity and equity options, no debt, paid off house, steady income
by flyingcows
Sun Mar 28, 2021 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Guard against IRA hackers... keep multiple accounts?
Replies: 13
Views: 1667

Re: Guard against IRA hackers... keep multiple accounts?

In addition to 2 factor auth + setting up account alerts, some brokers like fidelity allow you to disable transfers out. With my 401k account a transfer out option isnt even available. With Schwab it would be nice if a similar feature existed, being able to permenantly disable wire transfers out, al...
by flyingcows
Fri Mar 26, 2021 6:01 pm
Forum: Investing - Theory, News & General
Topic: Option trading Tax reporting
Replies: 23
Views: 843

Re: Option trading Tax reporting

I understand. So that means that I will have to list all the potential short term 1,000 trades individually on Form 8949 . The number 1,000 is from the example I used in the question in the original post. These 1,000 will not be listed on the 1099-B and will need to be downloaded from the brokerage...
by flyingcows
Tue Mar 23, 2021 8:42 am
Forum: Personal Finance (Not Investing)
Topic: The wash sale rules can't possibly be THIS antagonistic
Replies: 140
Views: 10520

Re: The wash sale rules can't possibly be THIS antagonistic

It makes sense now having read this thread, but until now I didn’t realize that the rule was before or after! Please be careful about the 'before' because many people believe the following is a wash sale and it IS DEFINITELY NOT a wash sale: Day 1: Buy 100 shares of VTI in taxable for $200 a share....
by flyingcows
Wed Mar 17, 2021 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Would you sell or rent out this house?
Replies: 25
Views: 1340

Re: Would you sell or rent out this house?

I would sell it and buy VTI and VXUS
by flyingcows
Mon Mar 15, 2021 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: ESSP selling strategy - BH way?
Replies: 32
Views: 2051

Re: ESSP selling strategy - BH way?

Glad you asked this question, this is interesting: https://turbotax.intuit.com/tax-tips/investments-and-taxes/employee-stock-purchase-plans/L8NgMFpFX I had always assumed my ESPP was just taxed as ordinary income when the shares were purchased and placed into my ESPP account. I've always sold the sh...
by flyingcows
Sun Mar 14, 2021 8:47 am
Forum: Investing - Theory, News & General
Topic: Is 100% Equities a Bad Investment Strategy?
Replies: 131
Views: 9479

Re: Is 100% Equities a Bad Investment Strategy?

Consider your entire financial picture If you have 1 million in investable assets with 80% stocks and 20% bonds, but you also have $400,000 in debts/mortgage, you would actually be leveraged with 125% equities vs your net worth of $600,000. People will debate this, but that's your exposure, unless y...
by flyingcows
Sat Mar 13, 2021 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Is it true that prior year capital loss carryover can be used with no limit to cancel out current year capital gains?
Replies: 24
Views: 2944

Re: Is it true that prior year capital loss carryover can be used with no limit to cancel out current year capital gains

I thought it was three grand or something like that for this? So let say someone had capital gain of l00k in one year but next year they are down l00k... what happens then? I thought you could only write off three grand for the current year? Also what about multiple years? I always heard people who...
by flyingcows
Sat Mar 13, 2021 12:33 am
Forum: Investing - Theory, News & General
Topic: Gamestop betting on drop in value?
Replies: 23
Views: 2307

Re: Gamestock betting on drop in value?

With options, you could buy a put, sell a put debit spread, or sell a call credit spread. Buying a put is the easiest to understand, but all of these are defined risk, meaning there is a fixed max gain and a fixed max loss. put debit spread: https://www.investopedia.com/terms/b/bearputspread.asp cal...
by flyingcows
Wed Mar 10, 2021 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should I cancel earthquake insurance?
Replies: 37
Views: 3139

Re: Should I cancel earthquake insurance?

I am sure it’s not this simple, but I’ve heard of Cali mortgages being no recourse, is this still true? If so, why not just keep your percent equity in the house as close to zero as possible and then you can just move on if an earthquake hits
by flyingcows
Wed Mar 10, 2021 4:37 pm
Forum: Investing - Theory, News & General
Topic: BRK.A [Bershire Hathay] above $400,000 for the first time
Replies: 9
Views: 855

Re: BRK.A [Bershire Hathay] above $400,000 for the first time

Have any of you A share holders ever attended his annual meeting in person? The A share still serves as “admission” right? Seems like it would be an interesting experience
by flyingcows
Tue Mar 09, 2021 10:33 am
Forum: Personal Investments
Topic: Should I tilt away from employer industry (tech)?
Replies: 20
Views: 1737

Re: Should I tilt away from employer industry (tech)?

I’m at a FAANG and am mostly invested into broad market index funds, I always sell my ESPP and RSU at vesting and deploy into index ETFs. I wouldn’t sweat having to hold for a week before you are allowed to sell, you win some you lose some, just be consistent. The pay is such that I don’t feel the n...
by flyingcows
Tue Mar 09, 2021 9:30 am
Forum: Personal Investments
Topic: Would you lump sum right now?
Replies: 57
Views: 4274

Re: Would you lump sum right now?

If I did not need the money for 20-30 years, then I would put it all into equities as soon as possible.

Personally I always enter my long positions with new money by selling cash covered puts rather than buying shares, but ultimatly the goal is to be long
by flyingcows
Mon Mar 08, 2021 5:39 pm
Forum: Personal Investments
Topic: DeutscheBank survey on where stimulus money is going to go.
Replies: 5
Views: 473

Re: DeutcheBank survey on where stimulus money is going to go.

I am glad Cryptopunks and other NFT bets didnt make the list
by flyingcows
Mon Mar 08, 2021 5:11 pm
Forum: Investing - Theory, News & General
Topic: Why 100% stocks and not use some put option writing?
Replies: 97
Views: 5830

Re: Why 100% stocks and not use some put option writing?

Thanks - great advice @flyingcows. The book you referenced is over $70, kind of pricey. Any alternative, or is this well worth the money. I usually learn online so I'll check out the YouTube link as well. The book is a great reference if you want to delve into specific details, it's not exactly a p...
by flyingcows
Sun Mar 07, 2021 9:36 am
Forum: Investing - Theory, News & General
Topic: Why 100% stocks and not use some put option writing?
Replies: 97
Views: 5830

Re: Why 100% stocks and not use some put option writing?

I keep hearing about 100% or even leveraged stock allocations. If one is that bullish long-term with stocks, then is put option writing (with collateral) a reasonable addition in place of some of the stocks (for example, 70% Stock/30% Putwrite)? I would think that some downside improvements over 10...
by flyingcows
Sat Mar 06, 2021 10:31 am
Forum: Investing - Theory, News & General
Topic: Why 100% stocks and not use some put option writing?
Replies: 97
Views: 5830

Re: Why 100% stocks and not use some put option writing?

I keep hearing about 100% or even leveraged stock allocations. If one is that bullish long-term with stocks, then is put option writing (with collateral) a reasonable addition in place of some of the stocks (for example, 70% Stock/30% Putwrite)? I would think that some downside improvements over 10...
by flyingcows
Tue Mar 02, 2021 4:52 pm
Forum: Investing - Theory, News & General
Topic: Does anyone have "fun" ETFs?
Replies: 62
Views: 3437

Re: Does anyone have "fun" ETFs?

This probably isn't in the "fun" category, but I was curious if there was an "anti-ESG" factor ETF that contained stocks typically excluded by other funds due to common ESG rules/thresholds, socks that deal with: Tobacco, Oil, Detention Center RIETs, Guns, Fastfood, etc?
by flyingcows
Sat Feb 27, 2021 10:41 pm
Forum: Personal Consumer Issues
Topic: free script execution environment?
Replies: 9
Views: 644

Re: free script execution environment?

AWS Lambda invoked by a scheduled cloud watch event for your desired interval
by flyingcows
Sat Feb 27, 2021 9:05 am
Forum: Personal Investments
Topic: Broker for covered calls?
Replies: 13
Views: 813

Re: Broker for covered calls?

The $0.65 fee is pretty standard, it's just the broker passing on the fees charged to them by the CME, and focusing on this fee rather than where you are able to get filled between the bid ask spread would be pennywise and pound foolish. Even on the most liquid options will have a spread that is a f...
by flyingcows
Fri Feb 26, 2021 10:26 pm
Forum: Investing - Theory, News & General
Topic: Shorting Long Term Bonds
Replies: 12
Views: 1006

Re: Shorting Long Term Bonds

You could also sell call credit spreads against the TLT etf, which has very high option liquidity
by flyingcows
Sun Feb 21, 2021 5:11 pm
Forum: Investing - Theory, News & General
Topic: Margin loan for cash flow
Replies: 44
Views: 3183

Re: Margin loan for cash flow

No way. Do you fully understand the margin call and forced liquidation risks involved? I would never, ever use Margin if I didn't have the ability to pay it back immediately on short notice. I only use it as collateral to trade option spreads. Do you have a house and can you just tap a HELOC instead...
by flyingcows
Sun Feb 21, 2021 2:20 pm
Forum: Investing - Theory, News & General
Topic: How common is it for 401k plans to fail ADP/ACP testing?
Replies: 4
Views: 331

Re: How common is it for 401k plans to fail ADP/ACP testing?

I used to work at a large (10,000+ employee) private company that had HCE limits, it was a bummer for anyone who made 130k or more was only allowed to contribute 6% to the 401k.
by flyingcows
Sun Feb 21, 2021 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: too much in 401k may be forced to quit job
Replies: 183
Views: 16830

Re: too much in 401k may be forced to quit job

Strange situation, does your outlier high balance have some kind of negative impact on the 401(k) plan admin cost structure? I am not sure what other negative impact this could have on others, if anything you would think they would be asking you for investment advice Also I find it odd as I understo...
by flyingcows
Sat Feb 20, 2021 1:36 pm
Forum: Personal Investments
Topic: Have you gotten your 2021 Schwab 1099 yet?
Replies: 39
Views: 2823

Re: Have you gotten your 2021 Schwab 1099 yet?

Yes, I received the consolidated 1099 from Schwab on Feb 17. A lot of option trades this year...300 pages :mrgreen: :mrgreen: OOOF! I hope you're importing that on Turbotax, rather than inputting it manually! The TurboTax import doesn't work, throws an error and says too much data. I just manually ...
by flyingcows
Sat Feb 20, 2021 11:54 am
Forum: Personal Investments
Topic: Have you gotten your 2021 Schwab 1099 yet?
Replies: 39
Views: 2823

Re: Have you gotten your 2021 Schwab 1099 yet?

Yes, I received the consolidated 1099 from Schwab on Feb 17. A lot of option trades this year...300 pages :mrgreen: :mrgreen:
by flyingcows
Wed Feb 17, 2021 9:04 pm
Forum: Investing - Theory, News & General
Topic: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“
Replies: 944
Views: 61307

Re: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“

Is anyone in RIOT blockchain or any of the other crypto mining stocks? The performance is stunning even by bitcoin standards. As a bitcoin/ethereum holder, I feel a bit foolish for having no exposure to these stocks. I would if I were confident it is just a leveraged crypto play, but I don't know e...
by flyingcows
Mon Feb 15, 2021 10:46 pm
Forum: Personal Consumer Issues
Topic: Computer monitor
Replies: 40
Views: 2691

Re: Computer monitor

I have the Dell 4320Q, 43" 4K IPS with 16:9 aspect ratio. It also has both thunderbolt usbc and display port inputs (auto switching works great). love it:

https://www.dell.com/en-us/work/shop/de ... ccessories
by flyingcows
Mon Feb 15, 2021 8:15 pm
Forum: Investing - Theory, News & General
Topic: If you bought travel/leisure stocks in March 20 what is your plan?
Replies: 20
Views: 1534

Re: If you bought travel/leisure stocks in March 20 what is your plan?

You could use an option collar (sell calls against the shares your holding + buy a put for a small net credit) if you just want to lock in your gains up to this point and wait until the shares have exceeded the 1 year holding period for LTCG
by flyingcows
Sat Feb 13, 2021 7:43 pm
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 827
Views: 68920

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

Of course concentrated funds can outperform the total market in the short term, so can random people on YouTube/Reddit who pick stocks, or perhaps your neighbor who just bought whatever was trending on stocktwits. Do you think what worked last year, will work this year, and next year? If your outloo...
by flyingcows
Sat Feb 13, 2021 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is it me or a lot of 2020 tax forms late this year?
Replies: 45
Views: 4170

Re: Is it me or a lot of 2020 tax forms late this year?

Mid February has been the earliest I've ever gotten 1099s from Schwab, I wait until late march to file taxes because sometimes Schwab will send a corrected 1099 in mid March
by flyingcows
Thu Feb 11, 2021 1:22 pm
Forum: Personal Investments
Topic: Anyone Else Investing in SPACs (Special Purpose Acquisition Companies)?
Replies: 87
Views: 10254

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

I haven’t touched SPACs yet but I am interested. Regarding taxes, Assuming I buy and sell these and never hold them long term for 1+ years, thus the transaction is a short term cap gain/loss, does the PFIC status matter? From what little I read, PFIC are always treated as short term gains/losses and...
by flyingcows
Mon Feb 08, 2021 4:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14511
Views: 1114292

Re: U.S. stocks continue to soar!

I’m glad I increased my positions in RIOT and MARA last month, but after today I wish I would have gone bigger
by flyingcows
Mon Feb 08, 2021 7:54 am
Forum: Personal Finance (Not Investing)
Topic: How expensive of a house should I target?
Replies: 21
Views: 2200

Re: How expensive of a house should I target?

Are you legally allowed to take a bearish position against your vested company stock position to hedge?
by flyingcows
Sun Feb 07, 2021 2:46 pm
Forum: Personal Investments
Topic: Anyone Else Investing in SPACs (Special Purpose Acquisition Companies)?
Replies: 87
Views: 10254

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

Is anyone selling covered calls on SPACs that are still hovering close to their NAV? I've been taking at look at the option premium on these "pre-liftoff" SPACs on the call side and premiums are about 15-20% for 6 month contracts just slightly OTM. This return seems to good to be true give...
by flyingcows
Sun Feb 07, 2021 1:37 pm
Forum: Personal Consumer Issues
Topic: Can you get a job from taking a "Coding Bootcamp"?
Replies: 63
Views: 5176

Re: Can you get a job from taking a "Coding Bootcamp"?

I have a BA degree from an unranked university and have worked in software development my entire career, including at 2 of the FAANG companies. My experience in this industry and the interviewing process is that everyone is assumed to be useless until proven otherwise. Professional background and ed...
by flyingcows
Sun Feb 07, 2021 1:26 pm
Forum: Investing - Theory, News & General
Topic: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“
Replies: 944
Views: 61307

Re: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“

I'm looking forward to a future where the talking heads providing investment advice offer guidance on ideal asset allocation to Dogecoin
by flyingcows
Sun Feb 07, 2021 1:18 pm
Forum: Personal Consumer Issues
Topic: Return to office after covid shutdowns
Replies: 183
Views: 7347

Re: Return to office after covid shutdowns

I'd like to be in the office at least a couple days a week, with the teams I engage with. So presumably they would all be in the office the same couple of days as you? I am still getting projects done, but often more slowly than before. That's my sense when talking with most of my non-retired frien...
by flyingcows
Sat Feb 06, 2021 3:24 pm
Forum: Investing - Theory, News & General
Topic: Can the wallstreetbets style be made to work?
Replies: 77
Views: 4408

Re: Can the wallstreetbets style be made to work?

The WSB style, as I have always understood it, was going big on high risk high reward trades. Going heavy buying OTM short duration calls hoping for some unexpected movement in the stock your betting on. Basically, your buying lotto tickets. The probability of these bets paying off is low, but the p...
by flyingcows
Sat Feb 06, 2021 2:57 pm
Forum: Investing - Theory, News & General
Topic: Poor Man's Covered Call / Diagonal Spread Question
Replies: 18
Views: 922

Re: Poor Man's Covered Call / Diagonal Spread Question

On 2nd thought, calling etrade to exercise my long call will result in a $25 commission since it's broker assisted. Since there is no more risk of me shorting the stock & holding the long call, why don't I short a put next week at the same strike where my prior short call was (yes, I do have en...
by flyingcows
Sat Feb 06, 2021 2:40 pm
Forum: Investing - Theory, News & General
Topic: Poor Man's Covered Call / Diagonal Spread Question
Replies: 18
Views: 922

Re: Poor Man's Covered Call / Diagonal Spread Question

........ Remember that options can only be exercised after normal trading closes, you should be able to exercise the other leg of your spread after hours with your broker if you must (keep in mind exercise fees). Also keep in mind that after hours trading of stock is still going on 4pm-8pm and even...
by flyingcows
Sat Feb 06, 2021 9:40 am
Forum: Personal Investments
Topic: If I can afford major risk, is a 100% stock position the best return
Replies: 100
Views: 8802

Re: If I can afford major risk, is a 100% stock position the best return

People always talk about market risks like big corrections and crashes, and positioning ones portfolio for these risks. However, I personally believe FOMO is a bigger risk, I have known a few people who have levered up to buy into momentum and then suffer devastating losses. Having a large cash or b...
by flyingcows
Sat Feb 06, 2021 9:16 am
Forum: Investing - Theory, News & General
Topic: Poor Man's Covered Call / Diagonal Spread Question
Replies: 18
Views: 922

Re: Poor Man's Covered Call / Diagonal Spread Question

It depends on your broker, there is no standard, check your brokers documentation I trade spreads with Schwab and if the short put expires ITM, the options will be automatically exercised and I will be assigned the stock, if a short call expires I will be assigned a short position in the stock. Pers...
by flyingcows
Thu Feb 04, 2021 1:52 pm
Forum: Investing - Theory, News & General
Topic: Margin Account Dangers Today
Replies: 28
Views: 10615

Re: Margin Account Dangers Today

no activity on this topic for over a decade, just curious what the situation is today... i use a margin account (don't actually use any margin) with interactive brokers (ireland) and declined participation in stock lending programs.. for balances exceeding sipc/Irish equivalent limits, in a scenari...
by flyingcows
Wed Feb 03, 2021 8:24 pm
Forum: Investing - Theory, News & General
Topic: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“
Replies: 944
Views: 61307

Re: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“

Glad I added to my positions in Mara, Riot, and Can last month. Still have my 32 eth i was going to use to stake a beacon node...funny how what started as a nerd hobby project turned into one of my best investments the last few months on accident... :sharebeer