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| Business, Finance, and Investing Making money, investing in markets, and running businesses |
04-07-2009, 11:06 PM
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#31
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Carpal \'Tunnel
Join Date: Apr 2008
Location: Toronto, ON Canada
Posts: 8,709
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Re: General investing questions, newbie queries and thoughts megathread
google is your friend...isn't that the FIRST part of first post in this thread?!
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04-07-2009, 11:13 PM
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#32
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banned
Join Date: Nov 2005
Location: I lurve bewbs
Posts: 36,495
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Re: General investing questions, newbie queries and thoughts megathread
Quote:
Originally Posted by ArturiusX
Who should I PM about making vague backhanded posts?
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Wait... Lemme make sure I have this in order:
1) Totalitarian mandate issued to a renob.
2) Regulars express dissatisfaction at the totalitarian moderation.
3) Moderator complains that his hand is forced.
4) I offer a solution.
5) Mod starts whining.
Okay. You should probably become a man and stop letting your petty power trips for the consistent banning. Or perhaps actually enforce the policies you've attempted to enact (Gold Bug megathread?!?). Whatever. The moderation in this forum is pretty lol ranging from "I don't really want to do mod stuff, but I is green." to "I am the amalgam of Hitler's Hand/Stalin's Fist." Maybe try ungreening and letting ahnuld do it? He seems to do a decent enough job.
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04-07-2009, 11:41 PM
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#33
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Carpal \'Tunnel
Join Date: Sep 2004
Posts: 19,114
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Re: General investing questions, newbie queries and thoughts megathread
I have received exactly zero PMs about any of my modding, so I don't know, none of the regulars seem to mind. The trial of the gold bug thread to stop forum wars seems to be working. How many people have I banned under my totalitarian regime thremp? Give me a figure, these power trips must be very constant to get you so angry about them.
This forum is loosely moderated but I do want to keep threads on topic because it keeps everything informative. Investing threads that derail into threads about gold is bad. 10 threads about USD/AUD thread is bad. People not searching and expanding on existing threads is bad. People starting threads for something that could be googled is bad.
It seems really simple to me what I'm trying to do. I don't want to ban anyone. bkkdude trolled a few legitimate threads and was pissing off regulars. Since he can't type properly, no one knew what the hell he was saying, and it became clear he just wants to hear himself talk. So he can fix his posting and PM me about posting here again, if he likes. The fact that he hasn't probably tells you how much he cares about this forum: not much. The fact that no ones pmed me about it tells you how much they care he's not posting: not much.
I think you should pause, take a deep breath, and realise that there's not very much modding going on other than standard cleaning up. Which seems to be what everyone wants.
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04-08-2009, 02:35 AM
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#34
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banned
Join Date: Nov 2005
Location: I lurve bewbs
Posts: 36,495
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Re: General investing questions, newbie queries and thoughts megathread
Perhaps I'm losing track of the various manifestations of meditate, which would explain the reason for that (along with some narrative fallacy and survivorship bias and those silly things). Your post seems very reasonable and like you spent much more time on it than the previous ones.
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04-08-2009, 02:56 AM
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#35
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old hand
Join Date: Sep 2008
Posts: 1,883
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Re: General investing questions, newbie queries and thoughts megathread
I wonder why I haven't been able to find some kind of recent "investing poker money for idiots" thread.
my money is currently sitting in an ING Direct savings account which yields a meager 1.85%. they also have GICs but the rates are down to something like 3.15% for a 5 year GIC, which is a bit of a joke. is there a better, simple way to get a 3%+ rate? the few times i looked, bonds didnt seem too impressive.
i only have about 50k in savings for now (which im adding 5k per month to) so i dont want to bother with some very complicated way to invest it. are those index funds on the stock market something i should consider looking into?
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04-08-2009, 05:32 AM
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#36
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journeyman
Join Date: Sep 2007
Posts: 340
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Re: General investing questions, newbie queries and thoughts megathread
I'm looking to get a job in a prop firm when i finish my masters. discretionary trading if possible. i ve read 3/4 book and am starting to paper trade at the moment + keeping a trading journal.
what are the things i should evaluate when looking at different firms?
Any advice on getting past the interview process?
(do i mention poker? im a NL400 HU Winner)
Cheers
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04-08-2009, 06:03 AM
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#37
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adept
Join Date: Feb 2008
Location: City of Dis
Posts: 904
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Re: General investing questions, newbie queries and thoughts megathread
Quote:
Originally Posted by darthtrader3.1
This is a complete waste of time besides for getting experience programming. For algo systems you really probly want to start with Acrary's threads on elitetrader.com and the book Evidence Based Technical Analysis..You can at least get from that the idea of backtesting against a random variable instead of backtesting on what will end up as nothing more than data snooping and over optimization..Even then though, retail algo software is a complete joke that borders on a marketting scam.
Seykota has a website because Seykota was left in the dust 20 years ago.
Jim Simmons doesn't have a website that tells you what to do and you have to trade against him.
Really, your best bet is to forget algo trading unless you want to under take a decade long project and just forward test your brain on charts..
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Sorry, I think my post was a bit confusing. I'm not trying to program trade, although I do want some sort of "system" in place for discipline etc.
I'm quite aware of the dangers of curve-fitting, having spent my previous job trying to convince the field of psychiatric genetics that many of the findings were of a similar problem (publication bias when analysing huuuge datasets). I failed, sigh. Hopefully I can do better with trading
Basically I'm trying to ask this: For a newbie, how much should you just stick with a basic plan (think basic trend following with fundemental filters), and how much should you trust your judgement?
I know its an open ended question, just looking for some general guidance I guess....
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04-08-2009, 12:01 PM
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#38
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enthusiast
Join Date: Nov 2008
Posts: 86
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Re: General investing questions, newbie queries and thoughts megathread
Quote:
Originally Posted by ArturiusX
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Does it matter how old it is if it still works?
Quote:
Originally Posted by darthtrader3.1
This is a complete waste of time besides for getting experience programming. For algo systems you really probly want to start with Acrary's threads on elitetrader.com and the book Evidence Based Technical Analysis..You can at least get from that the idea of backtesting against a random variable instead of backtesting on what will end up as nothing more than data snooping and over optimization..Even then though, retail algo software is a complete joke that borders on a marketting scam.
Seykota has a website because Seykota was left in the dust 20 years ago.
Jim Simmons doesn't have a website that tells you what to do and you have to trade against him.
Really, your best bet is to forget algo trading unless you want to under take a decade long project and just forward test your brain on charts..
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Do you have any proof of this? I don't have proof either way, but I've never seen any kind of reference to him going bust or not making money trading anymore. What does having a website have to do with being left in the dust? If I was a successful brain surgeon and decided to create a website about brain surgery, would you assume I lost my skills as a brain surgeon?
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04-08-2009, 01:05 PM
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#39
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veteran
Join Date: May 2007
Posts: 2,328
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Re: General investing questions, newbie queries and thoughts megathread
In regards to index funds -
If I am including these as a decent portion of my retirement portfolio, does it matter when I make my initial purchase if I leave it there for ~30 years? My plan is to use a simple dollar cost averaging program after my initial investment.
I have heard differing opinions on this matter...
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04-08-2009, 01:18 PM
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#40
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Carpal \'Tunnel
Join Date: Jan 2008
Location: $13.38/hr in 2012
Posts: 13,514
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Re: General investing questions, newbie queries and thoughts megathread
Awesome thread. Well, in theory at least. Awesome thread idea I should say.
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04-08-2009, 02:10 PM
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#41
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centurion
Join Date: Mar 2008
Posts: 159
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Re: General investing questions, newbie queries and thoughts megathread
Hey guys,
Quick question. Its almost April 15th, so I only have a few days to contribute to my 2008 Roth IRA.
I opened my Roth with Vanguard last year and made the $4K contribution into VEIEX (which lost 50%), not a big deal. My plan for this year is to put $1K into VEIEX (if vanguard allows this), and $4K into VFINX.
My question is, is there a better Vanguard index fund then VFINX for me to put my money in? There is a 4K minimum for most vanguard funds. If I understand correctly, VFINX is the only vanguard index fund that follows the S&P, which is what I'm trying to get into.
Thank you!
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04-08-2009, 05:36 PM
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#42
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Carpal \'Tunnel
Join Date: Sep 2004
Posts: 19,114
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Re: General investing questions, newbie queries and thoughts megathread
Quote:
Originally Posted by DustMan
Does it matter how old it is if it still works?
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There's been huge advancements in developing mechanical systems in the last 4 years, out of the box packages now wield considerable power and ideas we've learned in the past 3 years about volatility and risk are very valuable lessons.
I mean, whatever, but if I was designing a mech system I'd try to be cutting edge.
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04-08-2009, 06:29 PM
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#43
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centurion
Join Date: Jan 2008
Location: bay area
Posts: 123
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Re: General investing questions, newbie queries and thoughts megathread
My company will soon offer a Roth 401(k). Currently, I max out both my Roth IRA and my 401(k). I'll be 25 next week. Should I plan to use the Roth 401(k) option once it is available?
I understand that I should use the Roth 401(k) option if I expect that my current tax bracket is lower than the tax bracket I expect to be in once I start taking distributions, but how do I have any idea what my tax bracket is going to be in 50 years?
Contributing $15,500 post-tax dollars versus $15,500 pre-tax dollars means I'll actually get paid about ~$5K less per year, right? Would it be better to contribute $15500 pre-tax dollars or ~$10K post-tax dollars?
Your advice is appreciated.
D.
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04-08-2009, 08:31 PM
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#44
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Carpal \'Tunnel
Join Date: Apr 2006
Location: Smokin crack til stars comes back
Posts: 8,032
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Re: General investing questions, newbie queries and thoughts megathread
Not sure if ******* got his question answered in his locked thread, but Harrah's Entertainment is a privately held corporation. HET shares stopped trading and was delisted about a year ago. It is also now known as Caesar's Entertainment.
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04-08-2009, 09:01 PM
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#45
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Carpal \'Tunnel
Join Date: Apr 2008
Location: Toronto, ON Canada
Posts: 8,709
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Re: General investing questions, newbie queries and thoughts megathread
Quote:
Originally Posted by dlgilbert4
My company will soon offer a Roth 401(k). Currently, I max out both my Roth IRA and my 401(k). I'll be 25 next week. Should I plan to use the Roth 401(k) option once it is available?
I understand that I should use the Roth 401(k) option if I expect that my current tax bracket is lower than the tax bracket I expect to be in once I start taking distributions, but how do I have any idea what my tax bracket is going to be in 50 years?
Contributing $15,500 post-tax dollars versus $15,500 pre-tax dollars means I'll actually get paid about ~$5K less per year, right? Would it be better to contribute $15500 pre-tax dollars or ~$10K post-tax dollars?
Your advice is appreciated.
D.
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You figure out how much you want to withdraw from your retirement funds each year...and there you go. You get to decide what tax bracket to be in (kinda).
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