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Old 07-07-2017, 07:39 AM   #4651
ToothSayer
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Re: General investing questions, newbie queries and thoughts megathread

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Originally Posted by KingOkris View Post
Any thoughts? Any critics, i take everything quite serious as it is the "first idea" that can actually become reality as it seems not far away. At the moment i am not even pitching, i am at the thought and brainstorming process, so comments appreciated.
I think your whole post was an elaborate setup for this clever pun you thought of and wanted to use.

There is so much wrong and risky with your idea, I can't even. 150 euro a night? You seem to be pulling it out of nowhere. Where is this situated? Do you have property where you could pitch these? How close to town? What other amenities on the property? Staff?

My instant reaction is "this is extremely likely to lose a ton of money". You'd need to show a lot more data and details to change that opinion.
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Old 07-07-2017, 08:48 AM   #4652
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Re: General investing questions, newbie queries and thoughts megathread

The cost of the land is obviously key and not something you mentioned. As you're offering a private driver, it doesn't sound like the land you're considering is very conveniently located. I would have thought people paying 150 a night would expect local amenities, and something else to do other than sit in a hot tent.
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Old 07-07-2017, 01:56 PM   #4653
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Re: General investing questions, newbie queries and thoughts megathread

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Originally Posted by n00b590 View Post
The strategy will yield significant tax savings, not increase them. You are clearly in over your head here; please just stop.
Was your $500k in your taxable accounts all in cash? Your 2017 tax bill from selling everything and putting on this strategy matters a lot here, and I am presuming that you haven't been sitting out of the market for the past 8 years.

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Oh and +1 to Mihkel, please show some math to support your random assertions about dispersion.
That will take a significant amount of time to run the numbers.
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Old 07-07-2017, 03:46 PM   #4654
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Re: General investing questions, newbie queries and thoughts megathread

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Originally Posted by BrianTheMick2 View Post
Was your $500k in your taxable accounts all in cash? Your 2017 tax bill from selling everything and putting on this strategy matters a lot here, and I am presuming that you haven't been sitting out of the market for the past 8 years.
Yes, the $500k was all new cash being invested for the first time. Nobody is advocating for the case where you have to sell everything first to put on this strategy.
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Old 07-07-2017, 05:11 PM   #4655
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Re: General investing questions, newbie queries and thoughts megathread

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Originally Posted by n00b590 View Post
Yes, the $500k was all new cash being invested for the first time. Nobody is advocating for the case where you have to sell everything first to put on this strategy.
Ah, I thought you had consolidated some brokerage accounts to make this happen. Didn't realize that you had an extra $500k in income coming in that you were able to fund this with.
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Old 07-08-2017, 05:21 PM   #4656
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Re: General investing questions, newbie queries and thoughts megathread

Just moved from Canada to the US and need some help understanding my health insurance options. I'm used to just looking at what has the most massage $ and going from there, so no real clue what is considered important. I'm currently young and healthy.

I've been given 4 options from my employer. I'm not clear on if there are any costs from my end depending on which plan I take.

FeaturePlan 1 Plan 2 Plan 3 Plan 4
 PPOHMOPPOHMO
Deductible200/40002000/40000
OOP limit4000/800027005400/108004000
Preventative care Free->>   
Doctor Visit$10$1020%$10
Prescriptions10%10%10%$10
Lab10%$10-20020%$20-150
Emergency$200+10%$10020%$200
Physio (will use this)10%$1020%$10

Based on this it seems like I should go for one of the HMO plans to take advantage of the cheap physio, leaning towards plan 4. Any advice is appreciated.

I also get an FSA. I think that means I can use pre-tax $ to pay for health expenses, but lose anything I don't spend at the end of the year (with a small rollover). Risk/Reward doesn't seem great there so I'm thinking of only contributing a couple hundred.
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Old 07-09-2017, 02:21 AM   #4657
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Re: General investing questions, newbie queries and thoughts megathread

Quote:
Originally Posted by ibavly View Post
Just moved from Canada to the US and need some help understanding my health insurance options. I'm used to just looking at what has the most massage $ and going from there, so no real clue what is considered important. I'm currently young and healthy.

I've been given 4 options from my employer. I'm not clear on if there are any costs from my end depending on which plan I take.

FeaturePlan 1 Plan 2 Plan 3 Plan 4
 PPOHMOPPOHMO
Deductible200/40002000/40000
OOP limit4000/800027005400/108004000
Preventative care Free->>   
Doctor Visit$10$1020%$10
Prescriptions10%10%10%$10
Lab10%$10-20020%$20-150
Emergency$200+10%$10020%$200
Physio (will use this)10%$1020%$10

Based on this it seems like I should go for one of the HMO plans to take advantage of the cheap physio, leaning towards plan 4. Any advice is appreciated.

I also get an FSA. I think that means I can use pre-tax $ to pay for health expenses, but lose anything I don't spend at the end of the year (with a small rollover). Risk/Reward doesn't seem great there so I'm thinking of only contributing a couple hundred.
Moving back to Canada is a reasonable option.
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Old 07-09-2017, 04:27 PM   #4658
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Re: General investing questions, newbie queries and thoughts megathread

It's hard to give good advice without knowing how much each plan will cost you. Come back with that info. In the absence of that, choosing one that has the lowest cost of the service you know you will use makes sense.
Also, you can use the FSA to fund dentist, eyeglasses/Contacts, and prescription drug expenses in addition to medical. But yes, don't over fund it.
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Old 07-09-2017, 11:14 PM   #4659
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Re: General investing questions, newbie queries and thoughts megathread

PPO almost always costs more and the main benefit is many more doctors will take it. HMO usually only works for "in network" doctors. I'd go HMO unless there is a high deductible plan with an HSA (not fsa).
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Old 07-10-2017, 01:10 AM   #4660
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Re: General investing questions, newbie queries and thoughts megathread

Can someone explain "Analyst coverage" to me?

I want to talk to a specific analyst about a projection made on a stock, but my inquiries are not being returned. Can they just throw out numbers as they wish, I assume there's no requirement to respond to general public inquiries?

Is it just something where you take at face value the recommendation made based on the credibility of the underlying firm? They have absolutely no responsibility to respond to a general public inquiry?

Could I make a company called "ABC analyst's, INC" and forecast something, and have it be considered "covered by an analyst"? There's no opportunity or requirement to converse with these people or requirement to back the recommendation and prediction with some sort of thesis?
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Old 07-10-2017, 01:24 AM   #4661
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Re: General investing questions, newbie queries and thoughts megathread

Quote:
Originally Posted by ibavly View Post
Just moved from Canada to the US and need some help understanding my health insurance options. I'm used to just looking at what has the most massage $ and going from there, so no real clue what is considered important. I'm currently young and healthy.

I've been given 4 options from my employer. I'm not clear on if there are any costs from my end depending on which plan I take.

FeaturePlan 1 Plan 2 Plan 3 Plan 4
 PPOHMOPPOHMO
Deductible200/40002000/40000
OOP limit4000/800027005400/108004000
Preventative care Free->>   
Doctor Visit$10$1020%$10
Prescriptions10%10%10%$10
Lab10%$10-20020%$20-150
Emergency$200+10%$10020%$200
Physio (will use this)10%$1020%$10

Based on this it seems like I should go for one of the HMO plans to take advantage of the cheap physio, leaning towards plan 4. Any advice is appreciated.

I also get an FSA. I think that means I can use pre-tax $ to pay for health expenses, but lose anything I don't spend at the end of the year (with a small rollover). Risk/Reward doesn't seem great there so I'm thinking of only contributing a couple hundred.
Quote:
Originally Posted by unfrgvn View Post
It's hard to give good advice without knowing how much each plan will cost you. Come back with that info. In the absence of that, choosing one that has the lowest cost of the service you know you will use makes sense.
Also, you can use the FSA to fund dentist, eyeglasses/Contacts, and prescription drug expenses in addition to medical. But yes, don't over fund it.
Yeah, give us the plan cost and ER contribution and we can help you better. This is literally my job, I price these plans so feel free to PM me or reply in thread. Without knowing the ER/EE contribution ratio, it's too hard to say. In general, those HMO plans are gonna give you a way better bang for your buck. Pre-auth, balance billing, OON referral's etc make PPO's a nightmare if you ever have a health problem.

That being said, Plan one looks reasonable, 200/400 ded? but what's the coinsurance level after deductible met? 70% vs 90% makes all the difference

I can almost guarantee you're being offered a slice plan with the company I work for based on that plan offering alone.
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Old 07-10-2017, 03:40 PM   #4662
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Re: General investing questions, newbie queries and thoughts megathread

None of the plans cost me. Plan one is 10% coinsurance after ded
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Old 07-10-2017, 11:37 PM   #4663
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Re: General investing questions, newbie queries and thoughts megathread

PM returned, waves of jealousy and envy realizing what you've obtained. Congratulations man. Truly remarkable.

Still curious about analyst coverage, some of us are destined to remain recreational market participants playing 4 card poker with 3 cards in our hand.
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Old 07-11-2017, 12:18 AM   #4664
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Re: General investing questions, newbie queries and thoughts megathread

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Originally Posted by Smokey_The_Bear View Post
PM returned, waves of jealousy and envy realizing what you've obtained. Congratulations man. Truly remarkable.

Still curious about analyst coverage, some of us are destined to remain recreational market participants playing 4 card poker with 3 cards in our hand.
They have no obligation to return your calls. There are rules about what they are and are not allowed to do, but none of them include returning your phone calls. For instance, here are some of the rules: http://money.cnn.com/2002/05/08/news...ules/index.htm
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Old 07-11-2017, 10:03 PM   #4665
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Re: General investing questions, newbie queries and thoughts megathread

Hey guys, im new here. I need some help using bitpay card outside of the USA. Are there any fees by using cash withdrawal at P.O.S systems like casinos if i do it in my bitpay card currency ( not local). In the webpage is not clear if they carge 3% because of using it outside or what, also not clear if there are fees at cash withdrawal with P.O.S systems instead of ATMs.
ty
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Old 07-12-2017, 09:25 AM   #4666
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Re: General investing questions, newbie queries and thoughts megathread

So yesterday morning the market sells off pretty hard on the Trump Jr. email story. No micro or macro data, just noise. Surprise by the end of the day it recovers. Now this morning it's up premarket on "news" that Yellen indicates that rates increases will be gradual. Well, duh. That's hardly new. Sorry, the day to day silliness of wall street is pretty hilarious sometimes.
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Old 07-12-2017, 09:49 AM   #4667
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Re: General investing questions, newbie queries and thoughts megathread

Hilarious - or profitable, depending on whether you enjoy comedy or money.
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Old 07-13-2017, 02:19 PM   #4668
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Re: General investing questions, newbie queries and thoughts megathread

Quote:
Originally Posted by Hammerin Hank View Post
So yesterday morning the market sells off pretty hard on the Trump Jr. email story. No micro or macro data, just noise. Surprise by the end of the day it recovers. Now this morning it's up premarket on "news" that Yellen indicates that rates increases will be gradual. Well, duh. That's hardly new. Sorry, the day to day silliness of wall street is pretty hilarious sometimes.
Assuming that news was what caused the move.
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Old 07-13-2017, 05:34 PM   #4669
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Re: General investing questions, newbie queries and thoughts megathread

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Originally Posted by Hammerin Hank View Post
Sorry, the day to day silliness of wall street is pretty hilarious sometimes.
It is the media that makes up the excuse of the day. Not Wall Street.
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Old 07-24-2017, 01:51 AM   #4670
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Re: General investing questions, newbie queries and thoughts megathread

I can deduct my poker losses from my winnings right? So if I kept an excel log of my losses during the year, I could deduct all of that from an WSOP score? Or do I need something more concrete?
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Old 07-25-2017, 02:27 PM   #4671
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Re: General investing questions, newbie queries and thoughts megathread

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Originally Posted by Smokey_The_Bear View Post
I can deduct my poker losses from my winnings right? So if I kept an excel log of my losses during the year, I could deduct all of that from an WSOP score? Or do I need something more concrete?
https://www.irs.gov/taxtopics/tc419.html
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Old 07-26-2017, 02:05 PM   #4672
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Re: General investing questions, newbie queries and thoughts megathread

So, I'm looking at bond funds. I'm a little baffled about them. My goal is to simply lock in some income.

1) I get that as interest rates fluctuate, the value of the bonds does as well. But, if I get a fund that is currently paying an interest rate, and the interest rate goes up, won't I get higher interest payments? I mean, I get that if they never bought any more bonds it wouldn't but don't they buy and sell all the time and the general rate tends to move with interest rates?
2) I see that long-term seem to provide better rates than short term. Why not just get long term?
3) I see that corporate high yield bonds are considered "junk" but really how risky are they? They certainly seem to pay more.
4) What exactly is the SEC yield? If I'm looking at the ytd return does that include the value of the fund, or how much the interest is?
5) How do I know sort of figure out what my payments will be?
5) Is there any way to somewhat lock those payments in? Maybe not lock but I can be somewhat comfortable that if I buy ATT that the dividend will most likely not fluctuate much. How can I do that with bonds?
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Old 07-26-2017, 02:57 PM   #4673
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Re: General investing questions, newbie queries and thoughts megathread

If rates go up then longer term bonds will go down, so no you don't exactly get higher interest. Short term bond prices won't fluctuate as much as longer term. So if you need money in the near future or you expect rates to go up, it could makes sense to go shorter term since they'll be lower variance.
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Old 07-27-2017, 03:50 AM   #4674
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Re: General investing questions, newbie queries and thoughts megathread

Quote:
Originally Posted by biggerboat View Post
So, I'm looking at bond funds. I'm a little baffled about them. My goal is to simply lock in some income.

1) I get that as interest rates fluctuate, the value of the bonds does as well. But, if I get a fund that is currently paying an interest rate, and the interest rate goes up, won't I get higher interest payments? I mean, I get that if they never bought any more bonds it wouldn't but don't they buy and sell all the time and the general rate tends to move with interest rates?
2) I see that long-term seem to provide better rates than short term. Why not just get long term? Because you've locked your money up for longer. That may be ok though, depending on what you need it for
3) I see that corporate high yield bonds are considered "junk" but really how risky are they? They certainly seem to pay more.
4) What exactly is the SEC yield? If I'm looking at the ytd return does that include the value of the fund, or how much the interest is?
5) How do I know sort of figure out what my payments will be?
6) Is there any way to somewhat lock those payments in? Maybe not lock but I can be somewhat comfortable that if I buy ATT that the dividend will most likely not fluctuate much. How can I do that with bonds?

If you buy a bond (assuming it doesn't default and it's not callable etc), then you'll receive interest payments each year (the coupon), and you'll get a large payment at the end of the term (the par value). These payments are fixed and known in advance (for fixed interest bonds) in both amount and timing.

By taking into account the price you pay for that bond, you can calculate the yield - this is basically the return you get on your investment. As the market moves, the yield on a bond will change as the price changes. The yield is what you are calling "interest rates" above. Therefore once you've purchased a bond, if the market value falls, the yield will increase. However, if you keep the bond to maturity, you'll still receive the same coupons and par value you signed up to, and you'll achieve the yield that you purchased at.

Last edited by jeccross; 07-27-2017 at 03:57 AM.
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Old 07-27-2017, 04:46 AM   #4675
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Re: General investing questions, newbie queries and thoughts megathread

Does anyone of you tried joining a chat investing group? And how was it? Is it helpful for you?
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